Q1 FY25: NBCC (India)'s net profit up 38.47%

14 Aug 2024 CW Team

NBCC (India) has reported a growth of 38.47 per cent in its net consolidated profit during the quarter ended June 30, 2024. It had registered profit after tax of Rs 1.07 billion in Q1 FY25 as against Rs 774.1 million. It recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

During the quarter ended June 30, 2024, the group has spent total amount Rs 1.69 billion. Group has written down inventory amounting to Rs 1.34 billion excess of amount paid Rs 1.46 billion over proportionate value of units/flats Rs 117.6 million(lower of cost or net realizable value (NRV)) in the quarter ended on June 30, 2024 and equivalent provision on Rs 1.34 billion as was created in earlier year for buyback of flats/units has been reversed.

Further, during the quarter ended June 30, 2024, the group has spent total amount Rs 65.18 lakh (Rs 46.68 lakh towards rental & Rs 18.50 lakh towards construction cost for reconstruction of flats/units) and equivalent provision as was created in earlier year for reconstruction of flats/units has been reversed.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

01 Jul 2026

Cascades Neopolis Partners With Spa L’Occitane

GHR Lakshmi Urbanblocks Infra LLP has partnered with Spa L’Occitane en Provence for The Cascades Neopolis, its Rs 31.69 billion residential project in Hyderabad. The collaboration will bring a Provençal-inspired better-being sanctuary to future residents, combining the wellness heritage of Haute-Provence with contemporary urban living.The Spa L’Occitane en Provence facility will be operated in India by Sanghvi Brands Limited, in line with the Maison’s global standards. The spa is planned as a restorative space within the 63-storey, 217-metre-tall residential development, equivalent to a..

Infrastructure Urban

01 Jul 2026

Vedanta Metal Bazaar Simplifies MSME Metal Buying

Vedanta Metal Bazaar, Vedanta Group’s non-ferrous metals e-store, is supporting MSMEs by bringing procurement, pricing, financing, logistics and technical assistance onto a single digital platform. The platform aims to make metal buying more transparent, efficient and accessible for smaller manufacturers.In FY26, around 600 customers placed over 30,000 orders worth nearly USD 5 billion through the e-store. More than 450 MSMEs used the platform for metal procurement, generating nearly USD 440 million in transaction value. The platform also facilitated over Rs 16 billion in channel financing f..

Infrastructure Urban

01 Jul 2026

Merlinhawk Opens Composites Facility in Tamil Nadu

Merlinhawk Aerospace , in partnership with Italy-based Vega Composites, recently inaugurated its advanced composites manufacturing facility, Merlinhawk Composites & Engineering, at Shoolagiri in the Tamil Nadu Defence Industrial Corridor. The facility marks a key step in strengthening India’s position as a globally competitive aerospace manufacturing hub.The facility was inaugurated by Admiral Dinesh K Tripathi, PVSM, AVSM, NM, Former Chief of Naval Staff, in the presence of senior industry leaders, global partners and stakeholders from India’s defence and manufacturing ecosystem. The ..