NBCC Records Steady Growth In FY 2020-21 Even After Covid Disruptions

NBCC today decalted its annual returns showing remarkable numbers even in Covid period

FY 20-21 Results– Standalone
a) PAT surges 152.59% on Year on Year (YoY) basis
b) PAT surges 60.35% on Quarter on Quarter (QoQ) basis
C0 PBT surges 62.60 % on Quarter on Quarter (QoQ) basis

The Board of Directors in a meeting on Tuesday approved the financial results of the company for the fourth quarter and year ended on March 31, 2021. The NBCC Board has recommended the final Dividend of Rs. 0.47 per paid up equity share of Rs. 1/- each i.e. @47% for the FY 2020-21, subject to the approval of Shareholders in the ensuing Annual General Meeting.

The company posted Total Income from Operations (Net) of ₹ 4947.45 crore on standalone basis and ₹6832.06 crore on consolidated basis respectively, for the FY 2020-21.

For the fourth quarter (Jan.-March, 2021), the Profit After Tax (PAT) on consolidated basis was reported ₹83.30 crore while on standalone basis, the Profit After Tax stood at ₹77.80 cr. respectively.

Commenting on the results, P.K. Gupta, CMD, NBCC, said, “In the current FY, NBCC’s execution of several big-ticket projects has picked up well even after the Pandemic disruptions which will improve our top and bottom line.”

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 ₹62,000 crore.