State-owned NBCC Ltd on Tuesday reported a 38 per cent increase in its consolidated net profit to Rs 107.19 crore for the first quarter of this fiscal. Its net profit stood at Rs 77.41 crore in the year-ago period. The company's total income rose to Rs 2,197.83 crore in the April-June quarter of this fiscal from Rs 1,974.03 crore in the corresponding period of the previous year, according to a regulatory filing. NBCC is into project management consultancy and real estate business.
Shares of NBCC shot up by 11.6 per cent at Rs 188.50 per share on the BSE in Friday's early morning deals. This came after the state owned civil construction firm bagged a major work order
The rise in the NBCC share price came after the State-owned company announced that its arm, HSCC (India) Limited, has secured an order worth Rs 411.45 crore.