PSU NEWS
NBCC Reports 16 percent Profit Growth Margins Remain Flat
MUMBAI. Shares of NBCC (India) Ltd. gained after the government owned construction company posted 16.3 percent growth in profit in the June quarter.
Profit rose to Rs 47.1 crore compared to Rs 40.5 crore in the April to June period last year, according to the company’s filing to the stock exchanges.
Net sales jumped 16 percent to Rs 1,273.3 crore compared to Rs 1,091.9 crore in the year ago period.
While earnings before interest, taxes, depreciation and amortization grew 28 percent to Rs 45.8 crore compared to Rs 35.6 crore, EBITDA margins remained largely unchanged at 3.6 percent compared to 3.3 percent last year.
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