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NBCC reports net profit of over 384 crore in 2018-19

By IndianMandarins- 11 Jun 2019
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The State-owned infrastructure giant NBCC (India) Limited has kept its trend of growth and has made significant gains. In the last financial year that ended in March 2019 the NBCC has reported standalone net profit of Rs. 384.11 crore. This is against Rs. 333.60 crore during the previous financial year and, thus, the company has registered a growth of 15.14 per cent.

 

The standalone total income for the financial year 2018-19 stood at Rs. 7432.22 crore as compared to Rs. 6011.14 crore through the previous year.

 

The consolidated total income for FY 2018-19 came to Rs 10151.37 crore as compared to Rs 8609.62 crore the previous financial year.

 

For the quarter ended March 31, 2019, the company’s standalone total income stood at Rs. 2424.09 crore as against Rs. 2223.32 crore of Q4 of the previous year. The net profit for the period stood at Rs. 152.75 crore as compared to Rs. 141.65 crore in the corresponding quarter the previous year.

 

Expressing satisfaction over the gains made by the company as shown by the audit report, NBCC Director (Commercial) Rajendra Chaudhari said, “The financial performance of the company is encouraging and is expected to go up further. In the FY 19-20, we shall be extra determined and fast track steps to achieve a strong market share through further growth.”

 

Neelesh Shah, Director (Projects) too felt confident about keeping up the growth of the company and better its performance in the current fiscal year, or 2019-20.

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