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NBCC India Ltd. posted a robust 29.1% increase in its consolidated net profit for the fourth quarter of the fiscal year 2024-25, reaching INR 182.66 crore compared to INR 141.49 crore in the same quarter last year. The company's total income rose by over 16%, driven by the successful execution of key infrastructure projects. Demonstrating its growth ambitions, NBCC has recently incorporated a wholly owned subsidiary in Dubai to explore real estate opportunities overseas. Additionally, the company has submitted a resolution plan for Celebration City Projects, which could become its subsidiary, expanding its footprint further in the real estate sector.
The Ministry of Housing and Urban Affairs' central public sector enterprise, NBCC India Ltd., reported a 29.1% increase in its consolidated net profit for the fourth quarter of FY25 compared to the previous year. The company's profit after tax rose to INR 182.66 crore from INR 141.49 crore recorded in the corresponding quarter of the previous fiscal year. This improvement reflects NBCC's strong operational performance and efficient project execution. Advertisement
Total income for the quarter stood at INR 4,700.86 crore, marking a 16.14% increase from INR 4,047.67 crore during the same period last year. The revenue growth was primarily driven by the successful completion of large-scale infrastructure projects and an expanding order book that ensures steady work inflow.
The board of directors has recommended a final dividend of 14% (INR 0.14 per equity share of INR 1 each) for FY25, reaffirming the company's commitment to rewarding its shareholders.
In line with its growth strategy, NBCC has taken a significant step towards international expansion by establishing a wholly owned subsidiary, NBCC Overseas Real Estate LLC, in Dubai Mainland, United Arab Emirates. This subsidiary, incorporated earlier this year, aims to develop and undertake real estate business in the Middle East region, tapping into the growing demand for infrastructure and property development.
Further strengthening its portfolio, NBCC has submitted a resolution plan under the Insolvency and Bankruptcy Code for Celebration City Projects Private Limited (CCPPL). If the resolution plan is accepted by the committee of creditors, CCPPL will become a subsidiary of NBCC. This move is expected to enhance NBCC's presence in the real estate sector, complementing its existing infrastructure development projects.
NBCC has a history of undertaking diverse projects across government sectors, including urban infrastructure, real estate, and building construction. Its focus on delivering quality projects on time has helped it build a strong reputation and a growing order pipeline.
The company's decision to expand internationally through its Dubai subsidiary highlights its ambition to diversify and capitalise on global infrastructure opportunities. Additionally, the prospective acquisition of Celebration City Projects signals NBCC's commitment to deepening its real estate sector involvement. Positioned with a strong order book and a clear growth strategy, NBCC is set to leverage emerging opportunities both within India and overseas, contributing to its sustained success and shareholder value creation.
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