NBCC Reports Stellar Profit Surge

NBCC (India) Ltd disclosed a 53% rise in net profit, reaching Rs 125.13 crore for the latest quarter, primarily due to increased income. In comparison, the same period last year saw a profit of Rs 81.90 crore. The company's income surged to Rs 2,525.95 crore from Rs 2,134.36 crore.

State-owned NBCC (India) Ltd has revealed a significant financial upturn, recording a 53% surge in its consolidated net profit. The profit for the quarter ended September stood at an impressive Rs 125.13 crore, a substantial rise from Rs 81.90 crore reported during the same period in the previous year.

The remarkable financial performance is attributed to increased income, with total income swelling to Rs 2,525.95 crore in the recently concluded second quarter of the fiscal year. This marks a notable increase from the Rs 2,134.36 crore income recorded during the corresponding quarter of the former fiscal year.

NBCC, engaged in project management consultancy and real estate, continues to strengthen its financial standing, evidenced by this latest profit report, underscoring its strategic and operational efficiency amidst changing economic conditions.

(With inputs from agencies.)