NBCC’s Q2 2023-24 net profit declines by 16% to Rs 82 cr due to provision for loss in Gurugram housing project
NBCC (India) Ltd, a state-owned infrastructure and real estate development company, has recorded a 16% decrease in its consolidated net profit for the second quarter of the fiscal year. This decline is attributed to the provisioning for expected losses in a Gurugram housing project. The net profit was reported as Rs 81.90 crore, down from…