New Delhi, February 13, 2024 , In a press NBCC (National Buildings Construction Corporation), the company announced a remarkable financial performance for the quarter ended December 31, 2023.
**Financial Highlights:**
– **Net Profit Surge:** NBCC witnessed an impressive 93.06% increase in Profit After Tax (PAT) and an 81.08% surge in Profit Before Tax (PBT) for the mentioned quarter.
– **Robust Turnover:** The company’s turnover experienced a substantial growth of 21.59%, reaching Rs 1914.10 Cr.
**Quarter and Nine-Month Performance:**
– **Quarterly Turnover:** For the quarter ended December 31, 2023, NBCC reported a turnover of Rs 1914.10 Cr., marking a robust 21.59% growth.
– **Year-on-Year Growth:** On a Year-on-Year basis, the company showcased commendable growth, with PAT and PBT rising by 93.06% and 81.08%, respectively.
**Nine-Month Overview:**
– NBCC reported a turnover of Rs 5006.26 Cr. for the nine months ended December 31, 2023, indicating a growth of 11.85% on a Year-on-Year basis.
– The Profit Before Tax (PBT) and Profit After Tax (PAT) for the nine months witnessed significant increases of 71.61% and 79.63%, respectively.
**Leadership Perspective:**
Shri K P Mahadevaswamy, CMD of NBCC, expressed satisfaction with the company’s growth trajectory.
He highlighted NBCC’s focus on nationwide redevelopment projects and reiterated their commitment to completing the Amrapali Projects by March 2025.
**Market Impact:**
The stellar financial performance is expected to positively impact NBCC’s standing in the stock market, potentially attracting investors and boosting shareholder confidence.
**Consolidated Growth:**
On a consolidated basis, NBCC achieved a turnover of Rs 6366.99 Cr., recording an impressive growth of 63.30% and 66.02% for PBT and PAT, respectively.
In conclusion, NBCC’s exceptional financial results reflect its strategic initiatives and commitment to growth, positioning the company favorably in the competitive market. Investors and stakeholders are likely to closely monitor NBCC’s future endeavors following this strong financial report.
