NBCC posts standalone net profit growth of 134 percent as compared with the same period of last year
Navratna PSU has reported a standalone net profit of Rs. 82 crore as against a net profit of Rs 35 crore during CPLY
New Delhi: NBCC (India) Limited, a Navratna PSU under the Ministry of Housing and Urban Affairs (MoHUA), has reported a strong October to December 2020 quarter (Q3) earnings with standalone net profit growth of 134 percent as compared with the same period of last year.
For the quarter ended December 31, 2020, the company has reported a standalone net profit of Rs. 82 crore as against a net profit of Rs 35 crore during the corresponding quarter of the previous fiscal, representing a robust growth of 134 percent.
The total standalone income for Q3 FY21 stood at Rs 1,554 crore as compared to Rs 1,305 crore in Q3FY20, registering an increase of 19 percent.
NBCC (India) Limited
NBCC (India) Limited, formerly National Buildings Construction Corporation Limited, is a blue-chip Navratna enterprise and a PSU which trades publicly in the market. NBCC acquired 100 per cent stake in Miniratna hospital consultancy firm Hospital Services Consultancy Corporation Limited (HSCC) from the Ministry of Health and Family Welfare on November 6, 2018. The organisation acquired over 51 percent stake in Hindustan Steelworks Construction Limited (HSCL), a PSU under the Steel Ministry in 2017.
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