NBCC shares jump 5.5% as Q1 profit swells

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Mumbai | Published: August 14, 2015 2:10:42 PM

Shares of state-owned construction firm NBCC on Friday rose 5.5 per cent after the company reported a 31.5 per cent increase in consolidated net profit for the quarter ended June.

sensex and niftyShares of state-owned construction firm NBCC on Friday rose 5.5 per cent after the company reported a 31.5 per cent increase in consolidated net profit for the quarter ended June. (Express Photo).

Shares of state-owned construction firm NBCC on Friday rose 5.5 per cent after the company reported a 31.5 per cent increase in consolidated net profit for the quarter ended June.

The stock went up 5.48 per cent to Rs 1,048.80 on BSE. On NSE, it gained 5 per cent to Rs 1,048.

NBCC on Thursday reported a 31.5 per cent increase in its consolidated net profit at Rs 44.08 crore for the quarter ended June 30, 2015.

Its net profit stood at Rs 33.52 crore in the year-ago period, National Buildings Construction Corporation had said in a filing to BSE.

Total income from operations also rose 37 per cent to Rs 1,149.25 crore in the first quarter of this fiscal, from Rs 840.76 crore in the corresponding period of the previous year.

NBCC is present in three main segments — Project Management Consultancy (PMC), real estate and engineering, procurement and construction (EPC contracting).

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