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NBCC Q2 Net PROFIT UP by 12.50%

Nov 12th, 2015 3:09 pm | By | Category: LATEST NEWS

2015-11-04 12.50.07

National Buildings Construction Corporation Ltd. (NBCC), the State owned Navratna Enterprise under the Ministry of Urban Development, has registered a 12.56% increase in net profit at Rs.68.29 Crore for the Quarter and Half Year ended September 2015, compared to Rs.60.67 Crore in the same quarter last year. The total income growth from the operations of the Company has increased by 23.63% to Rs.1126.21 Crore against Rs.910.94 Crore for the corresponding quarter last fiscal. Talking to the media post Q2 results, Dr. Anoop Kumar Mittal, Chairman-cum-Managing Director of the Company said that the Company had been performing consistently well and informed that the Order Book position of the Company as of now stood at more than Rs.30,000 Crore and counting. Elaborating upon the business outlook, Dr. Mittal stated that the focus area of the Company in coming years would primarily be PMC and Redevelopment works.  On Redevelopment front, NBCC has already bagged some huge work orders such as DDA Works in Delhi, Works for redevelopment from the Govt. of Odisha, NAWADCO, Air India etc., Dr. Mittal said.  He also stated that another very important redevelopment works of All India Institute of Medial Sciences (AIIMS) are also likely to mature very soon. Providing the total business outlook of the company, he expressed confidence of achieving a CAGR of 25% and reaching an order book of Rs.40,000 Crore by the end of FY 2015-16.

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