NBCC posts Q4 profit of Rs150 cr
25 May 2018 5:08 PM GMT
New Delhi: State-owned NBCC on Friday reported a consolidated net profit of Rs 150.41 crore for the quarter ended March 2018.
Its net profit stood at Rs 166.62 crore in the same period of the previous fiscal, according to a regulatory filing.
Net income declined to Rs 2,598.18 crore during January-March quarter of the 2017-18 fiscal from Rs 2,671.61 crore in the year-ago period.
The company's expenses, however, remained lower at Rs 2,364.33 crore as against Rs 2,432.61 crore in the said period.
NBCC said that the results of the fourth quarter are not comparable with the year-ago period because of implementation of GST from July 2017.
NBCC, which is under the administrative control of Ministry of Housing and Urban Affairs, is present in three main segments - project management consultancy (PMC), real estate development and Engineering, procurement and construction contracting.
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