NBCC Profit jumps by 72.08% for Half year ended Sep 30

by Psu Connect
Date: 09-11-23
Ministry of Housing and Urban Affairs

The Board of Directors in its meeting held on Thursday i.e. Nov 09, 2023 approved the Financial Results of the company for the Quarter and Half Year ended on 30.09.2023.

NBCC Profit jumps by 72.08% for Half year ended Sep 30

Highlights of First Half FY 2023-24

Standalone

1. PBT jumps by 65.81 % year on year basis.

2. PAT jumps by 72.08% year on year basis.

Consolidated

1. PBT jumps by 65.76 % year on year basis.

2. PAT jumps by 71.52% year on year basis.

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The Board of Directors in its meeting held on Thursday i.e. Nov 09, 2023 approved the Financial Results of the company for the Quarter and Half Year ended on 30.09.2023. Company reported PBT of Rs 187.75. Cr. on standalone basis and Rs. 208.56 Cr. on consolidated basis showing growth of 65.81% and 65.76% respectively on YoY basis for half year ended on 30.09.2023.

Company earned Profit After Tax (PAT) of Rs.148.40 Cr. on standalone basis and Rs. 159.31Cr. on consolidated basis for the half year ended on 30.09.2023, showcasing a jump of 72.08% and 71.52% respectively on YOY basis.

A preferred partner of the Government for infrastructure projects, NBCC’s 93.22% of business revenue comes from PMC segment and Redevelopment works on consolidated basis.