NBCC PROFIT JUMPS ON YOY BASIS FOR QTR & HALF YR ENDED ON 30.09.24
Nov 14th, 2024 9:16 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS
(THE NEWSMAN OF INDIA.COM)
Highlights of Quarter II FY 2024-25
Standalone
–PBT jumps by 51.34% year on year basis
–PAT jumps by 45.07% year on year basis.
Consolidated
–PBT jumps by 58.32% year on year basis.
–PAT jumps by 52.78% year on year basis
The Board of Directors in its meeting held on Wednesday i.e. Nov 13, 2024 approved the Financial Results of the company for the Quarter and Half Year ended on 30.09.2024. Company reported PBT of Rs 272.27 Cr. on standalone basis and Rs. 309.74 Cr. on consolidated basis showing growth of 45.02% and 48.51% respectively on YoY basis for half year ended on 30.09.2024.
Company earned Profit After Tax (PAT) of Rs.210.32 Cr. on standalone basis and Rs. 232.33 Cr. on consolidated basis for the half year ended on 30.09.2024, showcasing a jump of 41.73% and 45.84% respectively on YOY basis.
A preferred partner of the Government for infrastructure projects, NBCC’s 90% business revenue comes from PMC & Redevelopment, 2.5% from Real Estate and 7.5% from EPC of works on standalone basis.