(THE NEWSMAN OF INDIA.COM)

NBCC REPORTS GROWTH IN OPERATIONAL INCOME, PBT AND PAT FOR Q1 FY 2024-25

Highlights of Q1 FY 2024-25
Income from operations rises by 10.10%, PBT by 37.30% and PAT by 37.22% on Standalone basis whereas on Consolidated basis Income from operations rises by 11.32%, PBT by 38.60% and PAT by 38.47%

The Board of Directors in the meeting held on Tuesday i.e. August 13, 2024 approved the financial results of the company for the quarter ended on 30.06.2024. Company reported standalone income from operations of Rs. 1627.34 Cr. for Q1 FY 2024-25 compared to Rs. 1478.07 Cr. for Q1 FY 2023-24. Consolidated income from operations for Q1 FY 2024-25 stood at Rs. 2144.16 Cr. compared to Rs. 1926.09 Cr. for Q1 FY 2023-24. Profit Before Tax (PBT) on standalone basis increased from Rs. 84.67 Cr. to Rs. 116.25 Cr. and on consolidated basis increased from Rs.103.78 Cr to Rs. 143.84 Cr on YoY basis for quarter ended 30.06.2024. Profit After Tax (PAT) on standalone basis has shown growth from Rs. 63.13 Cr. to Rs. 86.63 Cr. and on consolidated basis from Rs.77.41 Cr. to Rs. 107.19 Cr on YoY basis for the Q1 FY 2024-25. NBCC with its robust order book and a strategic focus on redevelopment, PSU land monetisation, real estate development, overseas expansion and PMC works is well positioned to contribute towards a “Vikshit Bharat”.