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NBCC Q1 Net Profit up 21 Percent at Rs 68 cr

PTI Last Updated at 11 Aug 2018, 16:08 IST India

New Delhi, Aug 11 (PTI) State-owned NBCC today posted 21 percent jump in standalone net profit at Rs 67.66 crore for the quarter ended June 30.

Its net profit stood at Rs 55.94 crore in the same quarter of 2017-18, the company said in a regulatory filing.

Net sales increased to Rs 1,625.24 crore from Rs 1,260.55 crore in the year-ago period.

Expenses remained higher at Rs 1,571.27 crore as against Rs 1,202.39 crore in the said period.

NBCC, which is under the administrative control of the Ministry of Housing and Urban Affairs, is present in three main segments - Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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