NBCC records steady growth in FY2020-21 even after COVID disruption
In the current FY, NBCC’s execution of several big-ticket projects has picked up well even after the Pandemic disruptions which will improve our top and bottom line.”- CMD, NBCC
New Delhi: The Board of Directors in a meeting on Tuesday approved the financial results of the company for the fourth quarter and year ended on March 31, 2021. The NBCC Board has recommended the final Dividend of Rs. 0.47 per paid-up equity share of Rs. 1/- each i.e. @47% for the FY 2020-21, subject to the approval of Shareholders in the ensuing Annual General Meeting.
The company posted Total Income from Operations (Net) of Rs 4947.45 crore on a standalone basis and Rs 6832.06 crore on a consolidated basis respectively, for the FY 2020-21.
For the fourth quarter (Jan.-March, 2021), the Profit After Tax (PAT) on a consolidated basis was reported Rs 83.30 crore while on a standalone basis, the Profit After Tax stood at Rs 77.80 cr. respectively.
Commenting on the results, Sh. P.K. Gupta, CMD, NBCC, said, “In the current FY, NBCC’s execution of several big-ticket projects has picked up well even after the Pandemic disruptions which will improve our top and bottom line.”
A preferred partner of the Government for infrastructure projects, NBCC’s 95% of business revenue comes under PMC segment and Redevelopment works which has grown by leaps and bounds, touching an order book of nearly ?62,000 crore.
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