NEW DELHI: NBCC (India) Ltd has reported a standalone net profit of Rs 77.74 crore for the quarter ended December, up 25.6% from a year ago.
Total income for the period rose nearly 25% to Rs 1,651.62 crore, the company said in a release.Operating profit for the quarter grew 6.9% from a year ago to Rs 73.43 crore.We began the new financial year with a target of minimum 30% growth in top line in all our business verticals.
Our performance so far this year has been in that line.
There are several projects in pipeline which are now getting matured, said NBCC Chairman and Managing Director Anoop Kumar Mittal.He added that NBCC has been working towards bringing down its employee cost and also controlling overheads.
Execution has picked up and we are relying more on technology, which will improve our margins further."The companys current outstanding order book stands at Rs 85,000 crore.