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NBCC Q3 net profit down 41 pc at Rs 49.53 cr

Press Trust of India  |  New Delhi 

State-owned NBCC Ltd on Wednesday reported a 41 per cent fall in consolidated net profit at Rs 49.53 crore for the quarter ended December.

The company's net profit stood at Rs 83.64 crore in the year-ago period, it said in a regulatory filing.

Total income declined to Rs 1,979.36 crore in the third quarter of the fiscal from Rs 2,488.17 crore in the corresponding period of the previous year.

The state-owned company had in December got approval from financial creditors to takeover debt-laden Jaypee Infratech Ltd, rekindling hopes of home buyers finally getting promised flats over the next four years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 12 2020. 20:22 IST