NBCC Q4 profit falls 10% to Rs 150 crore

MUMBAI: State-owned project management consultancy firm NBCC has reported 9.7% on-year decline in consolidated net profit at Rs 150.41 crore for the quarter ended March. Total income for the quarter decreased 2.7% to Rs 2,598.18 crore.

The company’s consolidated net profit for the year ended March rose 14.3% to Rs 372.14 crore, while total income declined 6.3% to Rs 7,095.91 crore, the company said in a regulatory filing.

During the year on March 31, 2018, the company has acquired 51% of equity share capital in Hindustan Steelworks Construction Ltd (HSCL), which was previously 100% owned by the government of India. Ends