NBCC posts Rs 77.41 crore profit in April-June quarter of FY'24 
News Updates

NBCC posts Rs 77.41 crore profit in April-June quarter of FY'24

NBCC (India) Limited has posted a consolidated net profit of Rs 77.41 crore in the first quarter of this fiscal year

PSU Watch Bureau

New Delhi: NBCC (India) Limited has posted a consolidated net profit of Rs 77.41 crore in the first quarter of this fiscal year.

The company had posted a net loss of Rs 4.84 crore in the year-ago period.

Total income increased to Rs 1,965.80 crore during April-June quarter of 2023-24 financial year, from Rs 1,853.24 crore in the corresponding period of the previous year, according to a regulatory filing on Thursday.

NBCC is into project management consultancy (PMC) and real estate businesses.

NBCC said in a statement that 94.6 percent of business revenue comes under PMC segment and redevelopment works.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

EPIL eyes Rs 2,000-cr turnover by FY26, pivot to green, high-margin projects: CMD

RBI imposes Rs 21 lakh penalty on PhonePe

Devidatta Satapathy gets additional charge as CVO of Paradip Port Authority

PESB fails to select candidate for ECIL's CMD post

India, EU working sincerely to finalise balanced free trade pact: Goyal