NBCC NET PROFIT INCREASES BY 93%

Result Highlights for Quarter ended on 31.12.2023 (Standalone)
– PAT increased by 93.06%.
– PBT increased by 81.08%.
– Turnover increase by 21.59%

 

 

The Board of Directors in its meeting held on Tuesday i.e., Feb 13, 2024 approved the Financial Results of the company for the quarter and nine months ended on 31.12.2023. Company reported turnover of Rs 1914.10 Cr. and Rs. 5006.26 Cr. on standalone basis for the quarter and nine months ended on 31.12.2023 representing a growth of 21.59% and 11.85% on YOY basis respectively. The company earned Profit Before Tax of Rs. 125.66 Cr. and Profit After Tax of Rs 93.67 Cr. on standalone basis for the quarter ended on 31.12.2023, showcasing a jump of 81.08% and 93.06% on YOY basis respectively. Company earned Profit Before Tax of Rs. 313.41 Cr. and Profit After Tax Rs 242.07 on standalone basis for the nine months ended on 31.12.2023, showcasing a increase of 71.61% and 79.63% on YOY basis respectively. Speaking on the occasion, Shri K P Mahadevaswamy, CMD, NBCC said “ NBCC is focused on its growth trajectory and the financial figures reflect the same. We are keen to explore Redevelopment projects across the country, especially after successful projects at Nauroji Nagar, Sarojini Nagar and Netaji Nagar in New Delhi. Further, we stand committed to complete the Amrapali Projects by March 2025 and fulfill the dreams of thousands of homebuyers.”

 

On consolidated basis, NBCC achieved turnover of Rs 6366.99 Cr. by earning PBT of Rs 360.91 Cr. and PAT of Rs 272.88 Cr. for Nine month ended on 31.12.2023 thereby recorded a growth of 63.30% and 66.02% for PBT and PAT respectively.