Millennium Post

NBCC quarterly profit zooms 45%

National Buildings Construction Corporation Ltd. (NBCC), a CPSU under the Ministry of Urban Development,  posted an impressive 45.25 per cent increase in net profit at Rs 95.97 crore in Q4 of fiscal year 2012-13.

For the entire FY13 fiscal, net profit increased to Rs 207.50 crore from Rs 190.17 crore in 2011-12. This is based on the audited financial results of the Company that were taken on record at the meeting of the Board of Directors held on May 27, 2013.

Anoop Kumar Mittal, chairman and managing director, NBCC, said that Board of Directors of NBCC at its meeting has recommended dividend of Rs. 3.75 per equity share amounting to Rs 45 crore for the financial year 2012-13 excluding dividend distribution tax of Rs 7.30 crore.
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