NBCC REPORTS 14.33% RISE IN NET PROFIT FOR FINANCIAL YEAR 2017-18

Sarkaritel
By Sarkaritel May 28, 2018 11:27

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New Delhi, 28th May, 2018: NBCC (India) Ltd., the State-owned Navratna Enterprise under the Ministry of Housing and Urban Affairs, today announced its Audited finance results for the quarter and financial year ended March 31, 2018.

For the financial year ended March 31, 2018, the company has reported a consolidated net profit of  Rs. 372.14 crore as against net profit of Rs. 325.49 crore during the previous financial year, representing a healthy growth of 14.33per cent.

The consolidated total income for the financial year 2017-18 stood at Rs. 7095.91 crore as compared to Rs. 7575.35 crore in the previous year.

NBCC’s consolidated employee benefit and expenses for entire year rose 30% year-on-year to Rs 326.39 crore on account of the seventh pay commission revisions.

The Board of Directors has recommended a final dividend of Rs. 0.56 per equity share on face value of Rs 1.00 per equity share (post-split) for the financial year 2017-18. The Board had earlier on March 8, 2018, declared an interim dividend of  Rs 0.55 per equity share on face value of Rs 2.00 per equity share (pre-split).

Sarkaritel
By Sarkaritel May 28, 2018 11:27