NBCC Reports 14.33 Percent Rise in Net Profit For FY - 2017-18

NBCC Reports 14.33 Percent Rise in Net Profit For FY - 2017-18

New Delhi: NBCC (India) Ltd., announced its Audited finance results for the quarter and fiscal year ended March 31, 2018. For the financial year ended March 31, 2018, the company has reported a consolidated net profit of Rs. 372.14 representing a healthy growth of 14.33 Percent.
The consolidated total income for the financial year 2017-18 stood at Rs. 7095.91 crores. NBCC’s consolidated employee benefit and expenses for entire year rose 30% year-on-year to Rs 326.39 crore on account of the seventh pay commission revisions. For the quarter ended March 31, 2018, the Company’s consolidated total income stood at Rs. 2598.18 crores. The net profit stood for 150.41 Cr.
Commenting on the results, Dr. Anoop Kumar Mittal, CMD, NBCC said, 'With the current Government’s focus on infrastructure growth, we firmly believe that NBCC has a huge opportunity to attain robust growth. The company is all geared up to make a huge leap forward by involving itself in the various business activities.'
Starting with a market capitalization of approximately Rs. 1,165 Crore at the time of its listing with the stock exchanges in April 2012, NBCC's current market cap now stands at Rs 17,621 Crore.

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