NBCC’s Net Profit Drops 36% For Q3FY20

New Delhi: NBCC India Ltd’ consolidated net profit dropped 36 percent to Rs 55.54 crore for the third quarer of the current fiscal as compared to Rs 86.81 crore in the same quarter of the previous fiscal.

The total income of the state-run company declined about 20 percent to Rs 1,979.36 crore  in the third quarter of the ongoing financial year as against Rs 2,488.17 crore in the same quarter of the previous fiscal.

The revenues from operation dropped to Rs 1,916.68 crore in the third quarter of the current fiscal as compared to Rs 2,403.73 crore in the corresponding quarter of the previois fiscal, the company said in a regulatory filing.