NBCC profit up by 15.97% in Q2 2018-19 FY

NBCC’s total income for the reporting quarter stood at Rs 1,646.48 crore as against Rs 1,153.71 crore in the same period of the last year

GN Bureau | November 29, 2018


#NBCC   #Anoop Kumar Mittal  

NBCC (India) Limited has reported a strong second quarter earnings with its net profit up by 15.97 per cent to Rs 85.96 crore as against Rs 74.12 crore in the corresponding quarter for fiscal.

 
NBCC’s total income for the reporting quarter stood at Rs 1,646.48 crore as compared to Rs 1,153.71 crore in the same period of the last year, clocking a growth of 42.71 per cent.
 
NBCC CMD Anoop Kumar Mittal said, “EBITDA of this quarter is not comparable with same quarter of previous year, since in the Q2 FY18 we have account for some upfront fee for detailed project report preparation as per the old policy but due to change in accounting norms and policy of the company, upfront fee for DPR preparation is now account for as advance and not a part of top line and bottom line at the time of receipt.”
 
 

Comments

 

Other News

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter