NBCC (India) Limited's Board of Directors approved the financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2025, in its meeting held on May 29, 2025.
The board has recommended a final dividend of 14% i.e. ₹ 0.14 per paid-up equity share of ₹ 1 each for the financial year 2024-25, subject to shareholder approval at the Annual General Meeting (AGM).
The final dividend, if declared, will be paid within 30 days from the date of declaration at the AGM.
The company issued 90,00,00,000 equity shares of ₹ 1 each as fully paid bonus shares in the ratio of one equity share of ₹ 1 each for every two equity shares held on the record date of October 7, 2024.
In addition to the final dividend, an interim dividend of ₹ 0.53 per share was declared on February 11, 2025, and paid on March 10, 2025.
Total dividend for FY 2024-25 amounts to ₹ 180.90 crore (₹ 0.67 per equity share on 27,000.00 lakh equity shares), compared to ₹ 113.40 crore (₹ 0.63 per equity share on 18,000.00 lakh equity shares) for FY 2023-24.
Standalone revenue from operations for the year ended March 31, 2025, was ₹ 8725.36 crore compared to ₹ 8026.73 crore for the year ended March 31, 2024.
The company's real estate land bank includes ₹ 131.78 crore towards land for a Group Housing Plot at Faridabad, where the conveyance deed is pending due to environmental clearance issues. The company has created a provision of ₹ 10.74 crore towards the reduction in the net realizable value of the land.
A sum of ₹ 30.22 crore was paid to Land & Development Office (L&DO) in 2011 as additional premium for availing additional ground coverage for construction of "Additional Shopping cum Car Parking Blocks" in "NBCC Plaza" at Pushp Vihar, New Delhi. The project is on hold pending approval of building plan by Municipal Corporation of Delhi (MCD), which is also demanding ₹ 32.24 crore towards additional FAR Charges. A complete provision of ₹ 9.54 crore has been created in the books.
The company constructed a Group Housing Real Estate project at Kochi, Kerala, with a total cost of ₹ 87.33 crore as of March 31, 2025. The sale of units was put on hold due to the non-availability of Environmental Clearance (EC). The company has written down the value of its inventory toward said project by ₹ 80.16 crore as Exceptional Item.
Real Estate Completed Projects includes ₹ 58.06 crore towards the cost of a Group Housing project located at Alwar named Aravali Apartments. A provision of ₹ 12.56 crore has been created towards reduction in the Net Realisable Value of the project.
Regarding the residential real estate project at NBCC Green View, Sector -37 D, Gurugram, an additional provision of ₹ 15.80 crore was made in the books on account of increase in the area /enhanced specification to be offered to the allotees opted for settlement through reconstruction. As a result, the company has recognized cumulative total provisions/write-offs/expenses amounting to ₹ 468.83 crore up to March 31, 2025.