New Delhi: NBCC! The company has reported impressive growth in turnover, PBT, and PAT for Q1 FY 2023-24. Standalone turnover has jumped a whopping 8.50% year on year, while consolidated turnover has increased by 7.11%. The Board of Directors met on August 10, 2023, and approved the financial results for the quarter ended on June 30, 2023. In Q1 FY 2023-24, NBCC reported a standalone turnover of Rs. 1474.71 Cr., compared to Rs. 1359.22 Cr. for the same period in the previous year. Consolidated turnover for Q1 FY 2023-24 is Rs. 1913.79 Cr., up from Rs. 1786.72 Cr. for Q1 FY 2022-23.
The company’s profit before tax (PBT) has also seen a significant increase. On a standalone basis, PBT has risen from Rs. (16.89) Cr. to Rs. 84.67 Cr., while on a consolidated basis, it has increased from Rs. (5.55) Cr. to Rs. 103.78 Cr. YoY basis for the quarter ended 30.06.2023. Profit after tax (PAT) has also shown impressive growth. On a standalone basis, PAT has increased from Rs. (13.20) Cr. to Rs. 63.13 Cr., and on a consolidated basis, it has risen from Rs. (4.85) Cr. to Rs. 77.41 Cr. YoY basis for Q1 FY 2023-24. As a preferred partner of the government for infrastructure projects, NBCC’s business revenue is primarily focused on PMC segment and redevelopment works, accounting for 94.6% of their revenue. With such impressive growth in Q1, we can’t wait to see what the future holds for NBCC!
