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NBCC marches ahead in it’s mission, registers it’s profit rise by 29.40%

Feb 14th, 2018 1:03 pm | By | Category: LATEST NEWS

Dr. A K Mittal, CMD-NBCC

Dr. A K Mittal, CMD-NBCC

Keeping up the pace of incredible performance with outstanding team work NBCC (India) Ltd., the State owned Navratna Enterprise under the Ministry of Housing and Urban Affairs, has registered 29.40% consolidated increase in PAT (Profit After Tax) at Rs. 73.98 crore for the third quarter ended December 2017, compared to Rs. 57.17 crore in the same quarter last year. The company has registered a consolidated growth of 29.05% in EBITDA of Rs 75.52 crore in Q3FY17-18 as against an EBITDA of Rs 58.52 crore in Q3FY16-17. Consolidated total income from the operations of the Company is Rs.1511.51 crore. The Board of Directors in a meeting today approved the financial result of the company for the quarter and nine month ended on December 31, 2017. The Board also approved splitting of company’s equity share of face value of Rs 2/- each into 2 (two) shares of face value Rs 1/- each. The Board will also consider the payment of interim Dividend in the Board Meeting scheduled to be held on March 08, 2018. Dr. Anoop Kumar Mittal, CMD said “The Company’s strategic move of expanding beyond its traditional scope of businesses, identifying new revenue streams, entering new markets and securing high value projects, has reflected in this financial result.” “Going forward, the company is going to pursue a multipronged approach of carrying out a sustainable and profitable business model.” he added. Starting with a market capital of approximately Rs. 1,165 crore at the time of its listing with the stock exchanges in April 2012, NBCC’s market cap now stands at Rs 19,454 crore as on 12th Feb 2018.

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