NBCC records steady growth in H! of HY 2021-22

The Board of Directors in its meeting held on November 12, 2021 approved the Financial Results of the company for the second quarter and half year ended on September 30, 2021. Company reported a standalone Profit After Tax (PAT) of Rs.92.86 cr. for H1 of FY 2021-22, from Rs.42.06 cr. reported during corresponding first half of FY20-21, representing a growth of 121% on Half Yearly basis. The Profit Before Tax (PBT) stands at Rs.122.14 cr. for H1 of FY21-22, from Rs.57.62 cr. reported in corresponding first half of FY 20-21, representing a growth of 112% on Half Yearly basis. Apart from this, the company witnessed a turnover of Rs. 2219.35 cr. for H1 of FY 2021-22 against Rs.1428.44 cr. of the corresponding first half of FY 20-21, manifesting an increase of 55% on Half Yearly basis. A preferred partner of the Government for infrastructure projects, NBCC’s 95% of business revenue comes under PMC segment and Redevelopment works which has grown by leaps and bounds, touching an order book of nearly Rs 60,000 crore.