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State-owned National Buildings Construction Corporation (NBCC) today reported 45 per cent increase in net profit at Rs 95.97 crore on account of decline in expenses.
It had posted net profit of Rs 66.07 crore in the same period in 2011-12 fiscal, the company said in a BSE filing.
However, NBCC’s total income from operations in Q4 fell to Rs 1,290.55 crore, from Rs 1,463.99 crore in the January-March quarter of 2011-12 fiscal.
The company’s profit in Q4 rose despite fall in income as its expenses came down to Rs 1,192.65 crore in 2012-13, from Rs 1,400.63 crore in the year-ago period.
For the entire 2012-13 fiscal, net profit increased to Rs 207.49 crore from Rs 190.16 crore in 2011-12.
However, the total income decreased to Rs 3,198.48 crore in 2012-13, from Rs 3,447.68 crore in 2011-12.
The company has operations in three segments; real estate, infrastructure and civil construction.
The NBCC board has recommended a final dividend of Rs 3.75 per share.
NBCC scrip closed at Rs 134.70, up 6.1 per cent on the BSE.
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