NBCC's December net profit rises nearly 14% to Rs 57.28 crore

State-owned construction firm NBCC on Wednesday reported 13.56% increase in consolidated net profit to Rs 57.28 crore for the quarter ended December. Its net profit stood at Rs 50.44 crore in the year-ago period.

Income from operations rose by 29% to Rs 1,426.44 crore during October-December period of this fiscal from Rs 1,108.55 crore in the corresponding period of the previous year, the National Buildings Construction Corporation (NBCC) said in a regulatory filing.

The company, which is under the administrative control of the Urban Development Ministry, is present in three main segments -- Project Management Consultancy (PMC), real estate and engineering, procurement and construction (EPC contracting).

NBCC had bagged business worth Rs 2,525 crore in the last month and Rs 8,523 crore worth contracts in December.

Last month, the company had bagged Rs 2,149 crore order from the Indian Trade Promotion Organisation (ITPO) for the redevelopment of exhibition venue Pragati Maidan in New Delhi.

The 'navratna' firm had a turnover of around Rs 5,000 crore in the 2014-15 fiscal. 

On Wednesday, the stock of the National Buildings Construction Corporation (NBCC) closed down 4.64% or Rs 43.20 at Rs 888.00 on the BSE