NBCC's net profit increased by 93%

The company earned Profit Before Tax (PBT) of Rs 125.66 crore and Profit After Tax (PAT) of Rs 93.67 crore on a standalone basis for the quarter ended 31.12.2023, which is YoY- Reflecting growth of 81.08% and 93.06% respectively on year-on-year basis.

NBCC's net profit increased by 93%

Highlights of Result for the quarter ended 31.12.2023 (Single)

– 93.06% increase in profit after tax (PAT)

– 81.08% increase in profit before tax (PBT)

– 21.59% increase in turnover

Read Also : SCOPE Social Interaction Centre: A First-of-its-Kind Club for PSUs

The Board of Directors in its meeting held on Tuesday i.e. February 13, 2024, approved the financial results of the Company for the quarter and nine months ended 31.12.2023. The company reported a turnover of Rs 1914.10 crore and Rs 5006.26 crore on a standalone basis for the quarter and nine months ended 31.12.2023, registering a growth of 21.59% and 11.85% respectively on year-on-year basis.

The company earned Profit Before Tax (PBT) of Rs 125.66 crore and Profit After Tax (PAT) of Rs 93.67 crore on a standalone basis for the quarter ended 31.12.2023, which is YoY- Reflecting growth of 81.08% and 93.06% respectively on year-on-year basis.

The company earned Profit Before Tax (PBT) of Rs 313.41 crore and Profit After Tax (PAT) of Rs 242.07 crore on a standalone basis for the nine months ended 31.12.2023, which is Rs . -Reflecting the growth of 71.61% and 79.63% respectively on a year-on-year basis.

Read Also : NHAI Organises National Workshop on Eco-friendly Measures for Holistic NH Development

On this occasion Shri K. P. Mahadevaswamy, Chairman and Managing Director, of NBCC said, “ NBCC is focused on its growth path and the financial figures also reflect this. We are continuously looking for redevelopment projects across the country, especially after the successful projects in Naoroji Nagar, Sarojini Nagar and Netaji Nagar in New Delhi. With this , we are committed to complete Amrapali projects by March 2025 and fulfilling the dreams of thousands of home buyers.”

On consolidated basis, NBCC achieved turnover of Rs 6366.99 Cr. by earning PBT of Rs 360.91 Cr. and PAT of Rs 272.88 Cr. for Nine month ended on 31.12.2023 thereby recorded a growth of 63.30% and 66.02% for PBT and PAT respectively.

Read Also : GIC appoints V. Balakrishnan as Chief Financial Officer