NBCC Q1 profit up 31.5% at Rs 44.08 cr

State-owned construction firm NBCC today 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 Ltd said in a filing to the BSE.
Total income from operations also rose by 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.
The company's share price fell by nearly 7 per cent to close at Rs 994.25 apiece on the BSE.

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