State-owned construction firm NBCC Ltd has reported a more than two-fold increase in its consolidated net profit at Rs 113.63 crore for the fourth quarter ended March 2023, compared to Rs 41.10 crore in the year-ago period. Its total income also rose to Rs 2,843.09 crore in the last fiscal quarter from Rs 2,496.44 crore the previous year. For the full fiscal year of 2022-23, NBCC reported a rise in net profit from Rs 237.92 crore to Rs 278 crore, while total income grew from Rs 7,884.56 crore to Rs 8,961.47 crore.
NBCC is a state-owned construction company involved in real estate development, project management, engineering, and construction services.
During the fourth quarter of the last fiscal year, NBCC’s Managing Director, Shiv Das Meena, spearheaded the company’s overall growth strategy, leading to the considerable net profit increase.
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In summary, NBCC Ltd has reported significant growth in its net profit and total income for the fourth quarter ended March 2023 and the full fiscal year of 2022-23. This unparalleled growth demonstrates the efficiency of NBCC’s overall growth strategy, under the leadership of Managing Director Shiv Das Meena.
