NBCC Ltd Reports Strong Q4 Growth: Net Profit Up By 26%

State-owned NBCC Ltd posted a significant 26% increase in its net profit for Q4, reaching Rs 136.08 crore. Income from operations also experienced substantial growth, rising to Rs 4,024.5 crore. For the 2023-24 fiscal year, net profit rose to Rs 401.55 crore, while operational income exceeded Rs 10,000 crore.

State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024.

Its net profit stood at Rs 108.4 crore in the year-ago period.

Income from operations rose to Rs 4,024.5 crore in the fourth quarter of the last fiscal as compared to Rs 2,813.35 crore in the corresponding period of the previous year, according to a regulatory filing.

During the 2023-24 fiscal, net profit rose to Rs 401.55 crore from Rs 266.66 crore in the preceding year.

Income from operations grew to Rs 10,432.63 crore in the last fiscal as against Rs 8876.36 crore in the 2022-23 fiscal.

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