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Unprecedented milestone for NBCC; operational income crosses Rs 10,400 cr

By IndianMandarins- 29 May 2024
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New Delhi (29.05.2024): In a remarkable achievement due to its commitment to excellence and resilience in navigating challenges have propelled NBCC to new heights of financial prowess and market leadership. The Board of Directors in its meeting held on Tuesday i.e., May 28, 2024 approved the Financial Results of the company for the quarter and year ended on 31.03.2024. Company reported operational income of Rs 10,432.64 cr and Rs 4024.50 cr on consolidated basis for Year & Quarter ended on 31.03.2024 representing a growth of 17.53 per cent and 43.05 per cent on YoY basis, respectively.
 
On standalone basis, company has achieved operational income of Rs 8050.62 cr for year ended 31.03.2024 & Rs.3031.90 Cr. for quarter ended 31.03.2024 showcasing increase of 19.51 per cent and 36.12 per cent, respectively on YoY basis. 

The Profit After Tax (PAT) stood at Rs 414.38 cr on consolidated basis and Rs 344.36 Cr on standalone basis thereby representing growth of 49.05 per cent and 48.99 per cent, respectively on YoY basis for the year ended 31.03.2024.

New Business secured touched Rs 23,500 cr at consolidated level and Rs 18,400 cr on standalone level registering a growth of more than 250 per cent and 355 per cent, respectively in comparison to preceding financial year.

K P Mahadevaswamy, Chairman and Managing Director of NBCC (India) Limited, expressed his elation at the remarkable achievement, stating, "We are immensely proud to announce the highest ever turnover in NBCC's history for the fiscal year 2023-2024. This accomplishment is a testament to our unwavering commitment to excellence, customer satisfaction and sustainable growth. We are confident that NBCC’s growth shall continue manifold in the future also."

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