National Buildings Construction Corporation, a Navratna Public Sector Unit (PSU) under the Ministry of Housing and Urban Affairs, declared its results for Q1FY22.
Highlights for Q1FY22 Standalone Financials are as follows :-
a) Turnover Rs. 932.24 Cr in Q1FY2021-22 as compared to Rs. 433.17 Cr in Q1FY2020-21
b) PBT growth of 239.96 % on (QoQ) Basis
c) PAT growth of 247.19 % on (QoQ) Basis
The Board of Directors in a meeting held on Friday i.e. 13th August, 2021 approved the Financial Results of the Company for the First Quarter ended on June 30, 2021. The Company reported a standalone Profit After Tax (PAT) of Rs. 27.22 Crore for Q1FY2022, up from Rs.7.84 Crore reported in the same quarter previous year, representing a growth of 247.19% Quarter-on-Quarter basis. The Profit Before Tax (PBT) stands at Rs. 37.43 Crore for Q1 FY20-22, up from Rs.11.01 Crore reported in the same quarter of the preceding year, representing a growth of 239.96% Quarter-on-Quarter basis.
Apart from this, the company witnessed a turnover of Rs. 932.24 Crore against Rs.433.17 Crore of the previous corresponding Quarter of FY20-21, manifesting an increase of 115.21%.