State-owned NBCC India today reported 39 per cent increase in its consolidated net profit at Rs 173.87 crore for the quarter ended March on higher income. Its net profit stood at Rs 125.12 crore in the year-ago period, the company said in a regulatory filing.
Total income rose to Rs 2,377 crore in the fourth quarter of this fiscal from Rs 2,326 crore in the corresponding period of the previous year. During the full 2016-17 fiscal, the company’s net profit rose to Rs 354.51 crore from Rs 289.28 crore in the previous year.
Total income went up to Rs 6,400.73 crore in the last fiscal from Rs 5,926.24 crore in the 2015-16 fiscal. NBCC (India) Ltd informed that the board has recommended a final dividend of Rs 1.10 per paid up equity share of Rs 2 each (i.e. 55 percent) for the financial year 2016-17.