NBCC FY24 Operational Income at Rs 10400cr

New Delhi, May 28, 2024: NBCC achieved a milestone of crossing  operational income  of  Rs 10,400 Cr in the financial year 2023-24.

FINANCIAL HIGHLIGHTS

*Restated figures

The Board of Directors in its meeting held on Tuesday, May 28, 2024 approved the Financial Results of the company for the quarter and year ended on 31.03.2024. Company reported operational income of Rs 10,432.64 Cr. and Rs.4024.50 Cr. on consolidated basis for Year & Quarter ended on 31.03.2024 representing a growth of 17.53% and 43.05% on YoY basis respectively.

On standalone basis, company has achieved operational income of Rs.8050.62Cr. for year ended 31.03.2024 & Rs.3031.90 Cr. for quarter ended 31.03.2024 showcasing increase of 19.51% & 36.12% respectively on YoY basis. 

The Profit After Tax (PAT) stood at Rs.414.38 Cr. on consolidated basis & Rs.344.36 Cr. on standalone basis thereby representing growth of 49.05% & 48.99% respectively on YoY basis for the year ended 31.03.2024.

New Business secured touched Rs. 23,500 Cr. at consolidated level & Rs.18,400 Cr. on standalone level registering a growth of more than 250% & 355% respectively in comparison to preceding financial year.

KP Mahadevaswamy, Chairman and Managing Director of NBCC (India) Limited, expressed his elation at the remarkable achievement, stating, “We are immensely proud to announce the highest ever turnover in NBCC’s history for the fiscal year 2023-2024. This accomplishment is a testament to our unwavering commitment to excellence, customer satisfaction and sustainable growth. We are confident that NBCC’s growth shall continue manifold in the future also.”

This encouraging financial performance of NBCC is attributed to its diversified portfolio, encompassing key sectors such as redevelopment, real estate development, infrastructure projects, project management consultancy, engineering procurement & construction (EPC), hospital consultancy, stuck Amrapali Projects, PSU land redevelopment and more. Leveraging its expertise and strategic partnerships, NBCC has successfully executed a myriad of prestigious projects, contributing to the nation’s infrastructure development and economic progress.