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

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..