NBCC India Share Q4 Results - Final Dividend

NBCC Results 2021
by Nikita Bhoota 30/06/2021

NBCC India Limited on Tuesday reported PAT at Rs79.64cr in the fourth quarter ended March 31, 2021, compared to Rs78.98cr during the same quarter last year. Yearly PAT rose to Rs221.80cr in FY21 compared to Rs78.23cr in FY20.

The company's net sales rose to Rs2,624.68cr in Q4FY21 compared to Rs2568.73cr in Q4FY20. During FY21, net sales declined to Rs6,739.94cr compared to Rs8,027.50cr in FY20.

The company board has recommended the final dividend of Rs0.47 per paid up equity share of Rs1/- each i.e. 47% for the FY21, subject to the approval of Shareholders in the ensuing Annual General Meeting.

The board in a meeting on Tuesday also approved the appointment of M/s Chandra Wadhwa & Co., Cost Accountants as Cost Auditor of the Company for the FY22. It has also taken note of closure of NBCC Gulf LLC, Sultanate of Oman (A subsidiary of NBCC).

At around 11.13 AM, NBCC (India) Ltd was trading at Rs54.25 per piece up by Rs1.35 or 2.55% from its previous closing of Rs52.90 per piece on the BSE.

NBCC (India) Limited, formerly National Buildings Construction Corporation Ltd., provides civil engineering construction services. The Company operates through three segments: Project Management Consultancy (PMC), Real Estate Development, and Engineering, Procurement and Construction (EPC). The PMC segment offers management and consultancy services for civil construction projects, including residential and commercial complexes, re-development of government colonies, education and medical institutions, infrastructure project roads, water supply systems, storm water systems and water storage solutions. The Real Estate Development segment focuses on residential and commercial projects, such as corporate office buildings and commercial complexes. The EPC Contracting segment covers chimneys, cooling towers, roads, border fencing, water and sewage treatment plants, and solid waste management systems. The Company provides services from concept to commissioning.

Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.

Source: This content is originally posted on indiainfoline.com

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