Main
NBCC reports strong first quarter earnings
Result’s Highlights |
Q1FY19 Consolidated Results (comparison with Q1FY18)
– Total Income: Rs 1,898.13 crore in Q1FY19 vs Rs 1,587.55 crore in Q1FY18 – PAT: Rs 76.65 crore in Q1FY19 vs Rs 61.26 crore in Q1FY18 |
Key Highlights of the quarter:
– Secured total orders worth Rs 4023.15 crore in Q1FY19 |
New Delhi, 14th August, 2018: Navratna Public Sector enterprise NBCC (India) Ltd., under the Ministry of Housing and Urban Affairs (MoHUA), has reported a strong April-June quarter with a consolidated net profit growth of 25.11% from the same period of last year.
For the quarter ended June 30, 2018, the company has reported a consolidated net profit of Rs. 76.65 crore as against net profit of Rs. 61.26 crore during the corresponding quarter of the previous fiscal, representing a robust growth of 25.11%.
Consolidated total income for the reporting quarter stands at Rs. 1,898.13 crore, up 19.56% YOY.
The total standalone income for Q1FY19 stood at Rs. 1,671.33 crore as compared to Rs. 1,286.31crore in Q1FY18, registering an increase of 29.93%.
Commenting on the results, Dr. Anoop Kumar Mittal, CMD, NBCC, said, “Operational efficiencies along with the Government’s initiative to foster infrastructure growth in the country has enabled NBCC to report a strong growth for the first quarter of this fiscal. During the quarter, NBCC bagged projects from various ministries and government departments.”
NBCC has recently been awarded a Rs 400 crore contract to build the Indian Pavilion for Dubai Expo 2020. The total outstanding order book currently stands at Rs. 80,000 crores rupees.
The company also bagged projects like AIIMS Bilaspur, PMGSY Works, Skill Development Institute (SDI) Bhubaneswar, Convention Centres in African Countries during the April-June FY2019 period.
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News4 weeks ago
Multipoint Connection – A Definite Boon
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News1 week ago
Olive Announces Dhruv Kalro as Co-Founder