NBCC PROFIT BEFORE TAX JUMPS BY 53.61% ON YOY FOR Q2 IN FY23

Admin Admin Nov 15, 2022 10:55 55

NBCC PROFIT BEFORE TAX JUMPS BY 53.61% ON YOY FOR Q2 IN FY23

Highlights of Q2 FY22-23

- Turnover jumps by 19.84% year on year basis
- PBT jumps by 53.61% year on year basis
- PAT jumps by 51.49% year on year basis

The Board of Directors in its meeting held on Monday i.e. Nov 14, 2022 approved the Financial Results of the company for the Quarter and Half Year ended on 30.09.2022. Company reported Turnover of Rs. 1542.45 Cr. for Quarter ended on 30.09.2022, representing a growth of 19.84% YOY basis for Q2. Company also earned Profit Before Tax (PBT) of Rs. 130.12 Cr. for the Quarter ended on 30.09.2022, showcasing a jump of 53.61% on YOY basis for Q2. The company also reported jump of 51.49% in Profit After Tax (PAT) on YOY basis for Q2. A preferred partner of the Government for infrastructure projects, NBCC’s 92% of business revenue comes from PMC segment and Redevelopment works.