NBCC Reports 15.14 Percent Rise in Profit for FY 2018-19 PERFORMANCE

NBCC Reports 15.14 percent Rise in Profit for FY 2018-19

 

New Delhi: NBCC (India) Ltd., the State-owned Navratna CPSE under the Ministry of Housing and Urban Affairs, has announced its Audited Finance Results for the quarter and financial year ended March 31, 2019.
 
For the financial year ended March 31, 2019, the company has reported standalone net profit of  Rs. 384.11 crore as against net profit of Rs. 333.60 crore during the previous financial year, representing a healthy growth of 15.14 per cent. 
 
Result’s Highlights: 
 
FY19 Results (all comparisons with FY18) Standalone
  • Total Income: Rs 7432.22 crore in FY 19 &  Rs 6011.14 crore in FY 18
  • Net profit: Rs 384.11 crore in FY 19 & Rs 333.60 crore in FY 18
Q4FY19 Results (comparison with Q4FY18)– Standalone
  • Total Income: Rs 2424.09 crore in FY 19 &  Rs 2223.32 crore in FY 18
  • PAT: Rs 152.75 crore in FY 19 & Rs 141.65 crore in FY 18
The standalone total income for the financial year 2018-19 stood at Rs. 7432.22 crore as compared to Rs. 6011.14 crore in the previous year, seeing a growth of 23.64 per cent.
 
The consolidated total income for FY2018-19 stood at Rs 10151.37 crore as compared to Rs 8609.62 crore in the previous financial year.
 
For the quarter ended March 31, 2019, the Company’s standalone total income stood at Rs. 2424.09 crore as against Rs. 2223.32 crore of Q4 of the previous year. The net profit for the period stood at Rs. 152.75 crore as compared to Rs. 141.65 crore in the corresponding quarter in the previous year. 
 
Commenting on the results, Shri Rajendra Chaudhari, Director (Commercial), NBCC said, “The financial performace of the company is very encouraging going forward. In the FY19-20, we shall be extra determined and fast track our steps to successfully accomplish a strong market share growth as well as enhance our topline & bottomline numbers while fulfilling the expectations riding on NBCC by the government, our stakeholders and the citizens.” 
 
Commenting on the results, Shri Neelesh Shah, Director (Projects), NBCC said, “It is heartening that we have sustained the performance trajectory of the company and achieved commendable results in the past year.”
 
A preferred partner of the Government for infrastructure projects, NBCC’s 93% of business revenue comes under PMC segment which has grown by leaps and bounds, touching an order book of more than Rs. 85,000 crore. 
 
During FY18-19, NBCC bagged various projects like AIIMS- Bilaspur & Jharkhand, IIM-Ranchi &Vishakhapatnam, IIT Bhubhneshwar, infrastructure works under Raipur SMART city Limited, redevelopment of WHO Office, projects under Central govt schemes of PMGSY & Namami Gange and other projects in different Indian states. 
 
The company expanded its International orderbook in the FY18-19 bagging a Rs 2000 crore project to build Mahatama Gandhi International Convention Centres in nine African nations and another order to construct the Indian Pavilion at the World Expo 2020 in Dubai. The company recently signed an agreement to construct three key projects in Mauritius worth USD 44 million (Rs 304 crore approx.)
 
The total value of projects won from April 2018 to March 2019 is Rs 12427.42 crore.
 
During the year, NBCC also forayed into large-scale residential projects by submitting Resolution Plan (RP) to acquire debt-ridden Jaypee Infratech Ltd., so as to deliver the houses for around 22,000 aggrieved homebuyers. 
 
During the year, NBCC acquired public sector company HSCC formerly known as Hospital Services Consultancy Corporation. HSCC, under the Ministry of Health and Family Welfare, is engaged in the provision of consultancy services in health-care and other social sectors in India and abroad with a vision to secure business synergies.


Posted Date :  30-05-19

Categories : PERFORMANCE

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