NBCC reports strong first quarter earnings

Navratna Public Sector enterprise NBCC (India) Ltd., has reported a strong April-June quarter with a consolidated net profit growth of 25.11% from the same period of last year.
For the quarter ended June 30, 2018, the company has reported a consolidated net profit of Rs. 76.65 crore as against net profit of Rs. 61.26 crore during the corresponding quarter of the previous fiscal, representing a robust growth of 25.11%.
Consolidated total income for the reporting quarter stands at Rs. 1,898.13 crores, up 19.56% YOY.
The total standalone income for Q1FY19 stood at Rs. 1,671.33 crores as compared to Rs. 1,286.31crore in Q1FY18, registering an increase of 29.93%.
Commenting on the results, Dr Anoop Kumar Mittal, CMD, NBCC, said, “Operational efficiencies along with the Government’s initiative to foster infrastructure growth in the country has enabled NBCC to report a strong growth for the first quarter of this fiscal. During the quarter, NBCC bagged projects from various ministries and government departments.”

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