NBCC Reports 26% Q4 Profit Rise
ECONOMY & POLICY

NBCC Reports 26% Q4 Profit Rise

NBCC (India) Ltd has reported a significant 26% increase in its net profit for the fourth quarter of the financial year 2023-24, reflecting strong operational performance and robust project execution. The state-owned construction giant's net profit rose to ?17 million from ?13.5 million in the corresponding quarter of the previous year. This impressive growth can be attributed to the company's focused strategy on executing high-value projects and streamlining operations.

Revenue for the quarter also saw a substantial increase, climbing to ?290 million, up from ?230 million in the same period last year. This 26% revenue growth is driven by a surge in the execution of large-scale infrastructure and redevelopment projects, bolstered by a strong order book and timely project completions. The company?s order book stood at ?8.7 billion at the end of the quarter, indicating a healthy pipeline of future projects.

NBCC's robust performance in Q4 FY24 can be linked to its diversified portfolio, which includes real estate development, project management consultancy (PMC), and engineering, procurement, and construction (EPC) services. The PMC segment, which constitutes a major part of its revenue, continued to drive growth with several key projects being completed ahead of schedule.

Additionally, NBCC has been focusing on expanding its footprint in international markets. The company has secured new contracts in countries such as Mauritius, Maldives, and Nepal, contributing to its revenue and profit growth. This international diversification strategy is expected to further strengthen its financial position and mitigate risks associated with domestic market fluctuations.

NBCC's strategic initiatives, including digitisation of project management processes and a strong emphasis on sustainable construction practices, have also played a crucial role in enhancing operational efficiency and profitability.

The company's management expressed confidence in maintaining this growth trajectory, supported by a robust order pipeline and ongoing projects. With the Indian government?s push for infrastructure development and urban rejuvenation, NBCC is well-positioned to capitalise on emerging opportunities and deliver sustainable growth.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

NBCC (India) Ltd has reported a significant 26% increase in its net profit for the fourth quarter of the financial year 2023-24, reflecting strong operational performance and robust project execution. The state-owned construction giant's net profit rose to ?17 million from ?13.5 million in the corresponding quarter of the previous year. This impressive growth can be attributed to the company's focused strategy on executing high-value projects and streamlining operations. Revenue for the quarter also saw a substantial increase, climbing to ?290 million, up from ?230 million in the same period last year. This 26% revenue growth is driven by a surge in the execution of large-scale infrastructure and redevelopment projects, bolstered by a strong order book and timely project completions. The company?s order book stood at ?8.7 billion at the end of the quarter, indicating a healthy pipeline of future projects. NBCC's robust performance in Q4 FY24 can be linked to its diversified portfolio, which includes real estate development, project management consultancy (PMC), and engineering, procurement, and construction (EPC) services. The PMC segment, which constitutes a major part of its revenue, continued to drive growth with several key projects being completed ahead of schedule. Additionally, NBCC has been focusing on expanding its footprint in international markets. The company has secured new contracts in countries such as Mauritius, Maldives, and Nepal, contributing to its revenue and profit growth. This international diversification strategy is expected to further strengthen its financial position and mitigate risks associated with domestic market fluctuations. NBCC's strategic initiatives, including digitisation of project management processes and a strong emphasis on sustainable construction practices, have also played a crucial role in enhancing operational efficiency and profitability. The company's management expressed confidence in maintaining this growth trajectory, supported by a robust order pipeline and ongoing projects. With the Indian government?s push for infrastructure development and urban rejuvenation, NBCC is well-positioned to capitalise on emerging opportunities and deliver sustainable growth.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?