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NBCC Q3 profit rises 26% to Rs 77.74 crore

NBCC Q3 profit rises 26% to Rs 77.74 crore

New Delhi: State-owned firm NBCC (India) Ltd has reported a 26 per cent increase in its profit to Rs 77.74 crore for the third quarter of this fiscal. It had posted a profit of 61.89 crore in the year-ago period, the company said in a statement Thursday.

The total standalone income from operations for the December 2018 quarter stood at Rs 1,651.62 crore, compared wih Rs 1,321.50 crore in the year-ago period, registering a total growth of 24.98 per cent.

During the April-December 2018 period, total income from operations grew by 30.81 per cent over the corresponding period last year.

NBCC Managing Director Anoop Kumar Mittal said: "We began the new financial year with a target of minimum 30 per cent growth in topline in all our business verticals. Our performance so far this year has been in that line. There are several projects in pipeline which are now getting matured."

The NBCC has been working towards bringing down its employee cost and also controlling overheads, he added.

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