5343092022-07-012022-09-305343092022-09-305343092022-03-315343092022-04-012022-09-305343092022-07-012022-09-30in-bse-fin:OtherExpenses1Member5343092022-07-012022-09-30in-bse-fin:OtherExpenses2Member5343092022-04-012022-09-30in-bse-fin:OtherExpenses1Member5343092022-04-012022-09-30in-bse-fin:OtherExpenses2Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments1Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments2Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments3Member5343092022-04-012022-09-30in-bse-fin:ReportableSegments1Member5343092022-04-012022-09-30in-bse-fin:ReportableSegments2Member5343092022-04-012022-09-30in-bse-fin:ReportableSegments3Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments1Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments2Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments3Member5343092022-04-012022-09-30in-bse-fin:ReportableSegments1Member5343092022-04-012022-09-30in-bse-fin:ReportableSegments2Member5343092022-04-012022-09-30in-bse-fin:ReportableSegments3Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments1Member5343092022-09-30in-bse-fin:ReportableSegments1Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments2Member5343092022-09-30in-bse-fin:ReportableSegments2Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments3Member5343092022-09-30in-bse-fin:ReportableSegments3Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments1Member5343092022-09-30in-bse-fin:ReportableSegments1Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments2Member5343092022-09-30in-bse-fin:ReportableSegments2Member5343092022-07-012022-09-30in-bse-fin:ReportableSegments3Member5343092022-09-30in-bse-fin:ReportableSegments3Member5343092022-07-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15343092022-04-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares534309NBCCINE095N01031NBCC (India) LimitedEquity2022-04-012023-03-312022-11-142022-11-04INRLakhsHalf yearlyMulti segment2022-11-1413:30:002022-11-1415:30:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone155645860004642010001602878700000298518000635582000117000433100013788827000147273750001301412000-2120001301200000238479000683180003067970000994403000000099440300038570009982600009982600000180000000010.550.55000.550.551. The above results have been reviewed by the audit committee and approved by the board of directors in their respective meetings held on November 14, 2022. <BR> <BR> 2. The statutory auditors of the company have carried out the limited review of these standalone financial results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; as amended. <BR> <BR> 3. The Final Dividend of Rs. 0.50 per fully paid up equity Share of Rs. 1.00 each for the year 2021-22 was approved in Annual General Meeting held on September 29, 2022 & paid on October 21, 2022. <BR> <BR> 4. The company has purchased group housing plot from Naya Raipur Development Authority admeasuring 30,436 sq. metres at Naya Raipur; from Faridabad Municipal Corporation admeasuring 16,754 sq. meters at Faridabad; and from Ghaziabad Development Authority admeasuring 16,225 sq. meters at Koyal Enclave, Ghaziabad for an aggregate sum of Rs. 20963.27 Lakhs, (part of inventory). While conveyance deed/ lease deed in respect of all the above plots are yet to be executed, the possession of plot situated at Koyal Enclave, Ghaziabad could not be obtained due to raising of additional demand of Rs. 462.41 Lakhs by Ghaziabad Development Authority which the company did not accept. The company has made request to Ghaziabad Development Authority for cancellation of allotment and refund of entire amount with interest as per terms of allotment. <BR> <BR> 5. The company has undertaken a project for construction of “Additional Shopping cum Car Parking Blocks” in “NBCC Plaza” at PushpVihar, New Delhi and has paid a sum of Rs. 3021.78 Lakhs to L&DO, MoHUA in the year 2010 as additional premium for availing additional ground coverage (FAR). However, later South Delhi Municipal Corporation [SDMC], vide its letter dated May 20, 2015, while approving the building plans subject to compliance of few conditions, demanded additional FAR charges amounting to Rs. 3224.45 Lakhs. The SDMC also stayed the construction till the time, said amount is paid to them. Since the company had already deposited the said amount with L&DO, it represented the matter to SDMC as well as L&DO, at different forums. During the year 2021-22, MoHUA has informed the company that SDMC may only recover charges other than additional FAR charges, if any. MoUHA also directed SDMC to release the sanctioned building plan to NBCC at the earliest. However, the SDMC is still insisting on payment of additional FAR of Rs. 3224.45 lakhs to sanction building plan. In addition to the above, the company has incurred a sum of Rs. 1718.84 lakhs on construction of the project till September 30, 2022. The net realisable value (NRV) of the constructed block is Rs. 825.63 lakhs. The company has already made a provision in the books for impairment in the value of assets amounting to Rs. 894.19 lakhs. <BR> <BR> 6. The company has constructed Group Housing Real Estate project at Kochi, Kerala containing 3,20,216 Sq. ft. residential and 4424 Sq. ft. commercial area. The company has incurred a construction cost amounting Rs. 8718.33 lakh thereon upto September 30, 2022. The sale in the project is pending for want of environmental clearance (EC) and other necessary statutory approvals. The company expect to receive environmental clearance (EC) soon as the process is in advance stage and Terms of Reference (TOR) has been received on November 03, 2022 for submission of requisite information & reports to State Environment Impact Assessment Authority (SEIAA) for approval of plan. <BR> <BR> 7. The company executed a real estate project at Jakson Gate, Agartala in the year 2010 under Joint Operations with Agartala Municipal Council (AMC). As the company was unable to sell the constructed area, the substantial portion of the constructed area has been let-out to various Government Organizations. The company is exploring the possibilities to sell the same in consultation with JV partner. The company has incurred a sum of Rs. 916.96 lakhs as on date. JV partner (AMC) is yet to issue OC/CC certificate post which RERA formalties will be done and sales will be opened/launched. <BR> <BR> 8. The company has executed Group Housing project in Alwar with a total expenditure of Rs. 5766.21 Lakh upto September 30, 2022. The substantial portion of the project was completed in the year 2018. The company initiated the sale of the project in the year 2014 – 15. No sale, however, could be effected. The company plans to re-start the sale in the project. The Net realisable value of the project deteriorated and the company has made provision of Rs. 1005.81 lakhs upto September 30, 2022 towards impairment in the cost of the work in progress. As the CC/OC is not available despite substantial portion of project completed in 2018, RERA registration could not be initiated yet. Sale in the project would be launched post RERA registration. <BR> <BR> 9. Sector - 37D, Gurugram: The company developed a residential real estate project at NBCC Green View, Sector - 37 D, Gurugram. The company has sold 392 (255 flats, 126 EWS and 11 shops) units out of 942 units and received total amount of Rs. 21012.80 lakhs out of which Rs. 15957.58 lakhs were recognized as revenue in the previous years and Rs. 4048.57 lakhs are lying as advance from Allottees. Subsequently, the buildings in the project exhibited structural cracks. Company received many complaints and representation from some of home buyers. In view of the advice from the committee of experts of IIT Roorkee and CBRI (Central Buildings Research Institute) Roorkee and Panel of experts of CPWD, considering safety of the residents, the building was evacuated completely. The company in its 513th Board meeting held on June 21, 2022, has accorded the approval to settle with all the homebuyers/allottees by way of buyback of their flats/units by paying the total amount received from the allottees against sale of flats/units amounting to Rs. 21012.80 lakhs and the cost of Stamp duty & registration charges paid by them amounting to Rs. 973.73 lakhs. In view of the above, and to comply with the provisions of Ind AS 37, the company has made a provision for expected loss of ` 11049.95 lakhs for “onerous obligation” as on June 30, 2022 as may arise due to buyback of flats/units. Pursuant to the approval of Board of Directors for settlement with homebuyers in 513th Board meeting held on June 21, 2022, the offer letter for buyback of their flats/EWS units/shops was communicated to all homebuyers/allottees through post as well as through mail. The last date for acceptance of the said offer was kept as August 31, 2022 which has now been extended till November 30, 2022. During the period ended on September 30, 2022, an amount of Rs. 77.44 lakhs has been paid in relation to settlement with homebuyers by way of buyback of their flats in NBCC Greenview project and an additional loss of Rs. 2.12 lakhs has been booked in the Quarter ended on September 30, 2022 in relation to settlement. As on date, there are ongoing litigations before various forums for refund of the amount paid by homebuyers/allottees along with interest and other compensations and by contractor also for various claims. However, since the matter is sub judice and is pending at various forums and the costs and liabilities (if any), that may possibly be incurred towards interest and other various compensations are not ascertainable as on the date, hence, no provision for the same is provided in the financial results for the quarter & six months ended on September 30, 2022. <BR> <BR> 10. Exceptional items <BR> Particulars Quarter Ended on Six Months Ended on Year Ended on <BR> 30.09.2022 30.06.2022 30.09.2021 30.09.2022 30.09.2021 31.03.2022 <BR> Provision for loss on Onerous obligation (Buyback of Flats/Units) (Refer Note 9) (44.16) 11,049.95 - 11,005.79 - - <BR> Write down of Inventory# 46.28 - - 46.28 - 9,979.83 <BR> Total 2.12 11,049.95 - 11,052.07 - 9,979.83 <BR> # As per valuation report, net realizable value (NRV) of the project at NBCC Green View project was ` 27040.00 lakhs (on conservative basis). The proportionate NRV pertaining to the unsold portion of the project work out to Rs. 20151.64 lakhs. The carrying value of unsold inventory of above project was Rs. 30131.46 lakhs. Accordingly, the company has made write-down of inventory by Rs. 9979.83 lakhs in the accounts for the period ended on March 31, 2022. <BR> During the period ended on September 30, 2022, an amount of Rs. 77.44 lakhs has been paid in relation to settlement with homebuyers by way of buyback of their flats in NBCC Greenview project. Due to this payment in relation to buy back Rs. 46.28 Lakh has been written off and corresponding available onerous obligation provision of Rs. 44.16 lakhs has been reversed in the Quarter ended on September 30, 2022 . <BR> 11. The major clients of the company are Ministries, Government Departments, Government Authorities and Public Sector Undertakings. The balances of the clients are in the nature of Trade Receivables, Loans and Advances, Earnest Money Deposit, Security Deposit and Retention money which is classified under current and non current assets; and also the trade payables are subject to confirmation, reconciliation and consequent adjustments. The management does not expect any significant impact upon such reconciliation. <BR> <BR> 12. The spread of COVID - 19 pandemic has severely impacted businesses around the globe. In many countries, including India, there have been severe disruptions in regular business operations due to Iockdown. During the quarter and six months ended on September 30, 2021 of previous financial year the country was partially in lockdown and the company had temporarily suspended its operations in all its offices, in compliance with the Iockdown advisory issued by Central / respective State Government. As a result of Iockdown/spread of pandemic, the volumes for the quarter & six month ended September 30, 2021 as well as Year ended March 31, 2022 have been partially impacted. The company's management had made an initial assessment of likely adverse impact on revenues and believes that the impact on revenues is likely to be short term in nature. The company continues to closely monitor any material changes arising out of future economic conditions and impact on its business. The management does not see any risk in the ability of the company to continue as a going concern and meeting its liabilities as and when due. <BR> <BR> 13. Figures for the quarter ended on September 30, 2022 are the balancing figures between figures in respect of the six months ended on September 30, 2022 and the published figures for the quarter ended on June 30, 2022 of the current financial year. <BR> <BR> 14. Comparative figures have been regrouped/ recasted/ rearranged wherever deemed necessary to conform to current period classification and negative figures have been shown in brackets. <BR> 2022-04-012022-09-30UnauditedStandalone29222709000932963000301556720002320000492453000122737000014450000832300026175328000279181560002237516000-11052070001132309000442035000-1721030002699320000862377000000086237700059170008682940008682940000180000000010.480.48000.480.48Work & Consultancy Expenses13613901000Other Expenses174926000Work & Consultancy Expenses25860694000Other Expenses314634000596061000015473000000003300003000001317440400016474407000296937600050212900020557446000152053930002000000013196405000146292340006039986000010824130003496803800016311200075015420005783808500012235300007851788400018000000001591582900017715829000177158290000022560002256000120876200000120327300024142910000190481920008752409000278006010002904042700015467360000058387764000006080205500078517884000PMC13977978000Real Estate639145000EPC807422000PMC26694726000Real Estate983195000EPC13388730001542454500029016794000001542454500029016794000PMC704577000Real Estate290513000EPC76649000PMC1360810000Real Estate-714867000EPC102335000107173900074827800011700014450000-229578000-39848100013012000001132309000PMC28623117000Real Estate15581841000EPC7956407000521613650002635651900078517884000PMC46783207000Real Estate3515816000EPC677913200057078155000372390000060802055000The Company has reported segment information as per Ind AS 108 "Operating Segments". The Company has identified three service line as its operating segments i.e. Project Management Consultancy (PMC), Real Estate and Engineering, Procurement & Construction (EPC). These operating segments are monitored by the Company's Chief Operating Decision Maker and strategic decisions are made on the basis of segment operating results. 14450000484618000273399400001421688000-196869000-637916000-218370000-31554590000-459496300023402000832300006127000-18400018288600000000000010968410000-2634899000-1502590000-939800000-8176960000-14740000-24290060000000000004551000000000000000000000691600007907650000-4025942000-3211527000000000000005750009000000001260000-14324000-915025000-65555580000-65555580002118479200014629234000Items that will be reclassfied to Profit or Loss51540005154000Items that will be reclassfied to Profit or Loss7907000790700012970001990000