NBCC achieves unprecedented milestone, crossing operational income of Rs 10,400 crr
Breaking all previous records, NBCC has achieved an unprecedented milestone by crossing an operational income of Rs 10,400 Cr., marking a new era of success and growth.
This remarkable achievement underscores NBCC’s commitment to excellence and resilience in navigating challenges, propelling the company to new heights of financial prowess and market leadership.
The company reported an operational income of Rs 10,432.64 Cr. and Rs 4,024.50 Cr. on a consolidated basis for the year and quarter ended 31.03.2024, representing growth of 17.53% and 43.05% year-on-year, respectively.
On a standalone basis, the company achieved an operational income of Rs 8,050.62 Cr. for the year ended 31.03.2024 and Rs 3,031.90 Cr. for the quarter ended 31.03.2024, showcasing increases of 19.51% and 36.12% year-on-year, respectively.
The Profit After Tax (PAT) stood at Rs 414.38 Cr. on a consolidated basis and Rs 344.36 Cr. on a standalone basis, representing growth of 49.05% and 48.99% year-on-year, respectively, for the year ended 31.03.2024.
**BUSINESS SECURED**
New business secured reached Rs 23,500 Cr. on a consolidated level and Rs 18,400 Cr. on a standalone level, registering growth of more than 250% and 355%, respectively, compared to the preceding financial year.
**MANAGEMENT COMMENTS**
The Chairman and Managing Director of NBCC (India) Limited expressed elation at the remarkable achievement, noting that they are immensely proud to announce the highest ever turnover in NBCC’s history for the fiscal year 2023-2024. He emphasized that this accomplishment is a testament to the company’s unwavering commitment to excellence, customer satisfaction, and sustainable growth. He also expressed confidence that NBCC’s growth will continue manifold in the future.
The 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 and construction (EPC), hospital consultancy, 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.
With its robust order book and strategic focus on redevelopment, PSU land redevelopment, real estate development, agriculture works, overseas expansion, and project management consultancy, NBCC is well-positioned to be a proactive CPSE in India’s future development.
