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

Vande Bharat halts midway near Tundla

In a major embarrassment to the railways, the much touted Vande Bharat Express developed a technical snag at Chamraula, 15 kms from Tundla junction.   Prime Minister Narendra Modi flagged off the train on Friday from New Delhi station.    The train was

PM flags off India’s first semi high-speed train

Indian Railways entered a new era as prime minister Narendra Modi on Friday flagged off the country’s first semi high-speed train, Vande Bharat Express, from the New Delhi railway station. The new train is also seen as a success story of the NDA government’s ‘Make in India’

Estonia eyes on more e-Residents from India to open startups

Riho Kruuv, Ambassador of the Republic of Estonia talks to Vishwas Dass on key issues like the importance of e-Residency programme of the Government of Estonia and why Estonia is becoming a preferred investment destination for Indian startups and budding entrepreneurs. The Ambassador says Estonia offer

Happily working away!

There’s no dearth of self-help books. They come in a multitude of single-topic and hybrid varieties: habit change, management, habit change in management, spirituality, spirituality in management...you get the drift. Happiness at Work: Mindfulness, Analysis, and Well-Being, by R Anand, adds to the li

Budget and Modi’s ‘neo middle class’ strategy for elections

Those who have gained the most from the latest budget are the ones who are going to have the most crucial impact on the Lok Sabha election results. Who are they? They are hiding in plain sight. They have come to work in metros and cities, probably in recent years. They crowd inter-state bus terminals to ta

Gandhi’s essence

For a novice reader, MK Gandhi presents a formidable challenge. The starting point is usually the autobiography, with its well-known anecdotes which most of us

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter