A Navratna CPSE

An IS/ISO 9001 :2015 Company (For Providing Project Management Consultancy and Execution of the Projects)

No,/NBCC/BS/2020-21

July 06, 2020

National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, · Plot no. C/ 1,G Block Bandra -Kurla Complex Bandra (E),Mumbai-400051	BSE Limited, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001
NSE Symbol: NBCC/EQ	Scrip Code: 534309

Sub: Outcome of Board Meeting held on July 06, 2020 under Regulation 33 of SEBI (LODR) Regulation, 2015

Sir,

Board of Directors of NBCC (India) Limited in their Board Meeting held today i.e. July 06, 2020, inter-alia considered the following: -

1. Approved the Audited Financial Results (standalone and consolidated) for the quarter & Financial Year ended March 31, 2020 along with the Auditor's Report thereon.
1. Recommended a final dividend of Rs. 0.135/- i.e. 13.5% per paid up equity Share of Rs. 1/- each for the financial year 2019-20 subject to the approval of the shareholders in the ensuing Annual General Meeting.
1. Approved the Scheme of Merger of NBCC International Limited and NBCC Environment Engineering Limited, wholly owned subsidiaries with NBCC (India) Limited, Holding Company.

A signed copy of the Audited Financial Results (standalone and consolidated) for the quarter and year ended March 31, 2020 alor:ig with Auditor's Report by Statutory Auditors of the Company, is attached herewith.(Copy Attached).

The meeting commenced at 03:30 p.m. and concluded at 1 ·5o P·m .

This is for information and record. Kindly acknowledge receipt.

Thanking you,

Yours Sincerely, ForNBCC~

Deepti Gambhir Company Secretary F-4984

Encl: As above

		NBCC (INDIA) LIMITED
	(A Government of India Enterprise), A Navratna Company
		CIN : L74899DL1960G01003335
	Statement of Standalone Audited Financial Results for the Quarter & Year Ended on March 31, 2020
						~in Lakhs
				Standalone
			Quarter Ended on
Particulars					Year Ended on
		31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
1.	Income from Operations	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
(a)	Net Sales I Income from Operations	l,56,9'S7.29	1,26,010.12	2,35,299.80	5,17,972.40	7,14,160.37
(b)	Other Operating Income	2,014.73	544.41	2,461.09
	Income from 0Derations (Net)	1,58,972.02	1,26,554.53	2,37,760.89	3,061.13 5,21,033.53	10,315.54 7,24,475.91
(c)	Other Income	4,619.29	3,951.48	4,648.43	23,509.49	18.746.64
	Total Income	1,63,591.31	1,30,506.01	2,42,409.32	5,44,543.02	7,43,222.55
2.	Expenses
(a)	Land purchased & Materials consumed	568.23	161.50	1,552.06	814.89	1,901.31
(b)	Changes in inventories of Real Estate Projects	8,820.29	(1,795.37)	9,354.12	4,635.52	20,647.33
(c)	Work & Consultancy expenses	1,35,579.55	1,18,474.88	1,99,160.95	4,74,280.05	6,20,857.15
(d)	Employee benefits expenses	5,943.76	6,169.06	5,974.15	25,372.14	26,312.79
(e)	Finance Costs	133.90	133.44	38.40	666.02	60.74
(f)	Depreciation and amortisation expense	59.58	71.32	75.51	277.41	263.56
(g)	Other Expenses	6,189.97	1,150.59	4,633.95	9,536.13	10,176.60
(h)	Provision for Expected Credit Loss	32.50	1,200.00	(793.11)	4,832.50	7,156.89
	Total Expenses	1,57,327. 78	1,25,565.42	2,19,996.03	5,20,414.66	6,87,376.37
3.	Profit/ (Loss) from operations before Exceptional Items &	6,263.53	4,940.59	22,413.29	24,128.36	55,846.18
	Tax (1-2)
4.	Exceptional Items (Net)	-	-	-	-	-
5.	Profit/ (loss) before Tax (3 - 4)	6,263.53	4,940.59	22,413.29	24,128.36	55,846.18
6.	Tax Expense
(a) (b)	Current Tax Deferred Tax	1,851.96 (440.53)	1,597.94 (154.80)	7,360.38 (346.74)	6,379.34 9,762.24	19,028.38 (1,717.65)
(c)	Taxation in respect of earlier years	-	-	124.35	-	124.35
7.	Net Profit/ (Loss) for the oeriod (5 - 6)	4,852.10	3,497.45	15,275.30	7,986.78	38,411.10
8.	Other Comprehensive Income (Net of Tax Expense)
	(a)(i) Items that will not be reclassified to Profit or Loss	635.89	-	(2,198.89)	635.89	(2,198.89)
	(a)(ii) Income tax relating to items that will not be reclassified to Profit or Loss	(160.04)	-	768.38	(160.04)	768.38
	(b)(i) Items that will be reclassified to Profit or Loss	5.43	13.26	100.26	187.96	(136.34)
	(b)(li) Income tax relating to items that will be reclassified to Profit
	or Loss	(1.37)	(3.33)	(35.04)	(63.29)	47.64
9.	Total Comprehensive Income (7 + 8)	5,332.01	3,507.38	13,910.01	8,587.30	36,891.89
10.	Paid up Equity Share Capital (Face Value of~ 1 per share)	18,000.00	18,000.00	18,000.00	18,000.00 1,34,360.51	18,000.00 1,38,480.80
11.	Other Equity
12.	Earnings Per Share (Not Annualized for the Quarter)	0.27	0.19	0.85	0.44	2.13
(a)	Basic	0.27	0.19	0.85	0.44	2.13
(b)	Diluted

1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 6, 2020.
2 The financial results for the year ended March 31, 2020 have been audited by the statutory auditors of the company. The statutory auditors have expressed an unmodified opinion.
3 The Board of Directors has recommended a Final Dividend of~ 0.135 per equity share on face value of ~l.00 per equity share for the financial year 2019-20.
4 The company has adopted Ind AS 116, 'Leases' effective from April 1, 2019 using modified retrospective transition method and therefore comparatives have not been restated. The adoption of Ind AS 116 resulted in recognition of Right of Use Asset of ~4,790.54 lakhs out of which ~4,745.15 lakhs is as a result of reclassification from Property, Plant and Equipments.
5 On April 1, 2019, the company has adopted Appendix C of Ind AS 12, applied to all tax disputes pending with the tax authorities as at April 1, 2019. The transition was effected using modified retrospective transition method. Accordingly, comparative information has not been restated. The adoption of Appendix C of Ind AS 12 has resulted in reduction of <276.09 lakhs from retained earnings on the date of initial application i.e. on April 1, 2019. The tax expense for the year ended on March 31, 2020 is higher by ~20.79 lakhs.
6 The Company has elected to exercise the option permitted under section 115BAA of the Income Tax Act, 1961. Accordingly, the company has recognized tax provision and re-measured its deferred tax assets/ liabilities, basis at the rates prescribed in the said section and taken the full effect. As a result, tax expenses for the year ended March 31, 2020 is higher by ~10, 791.42 lakhs.
7 With reference to the Corporate Insolvency Resolution Process (CIRP) of Jaypee lnfratech Limited (JIL), the company has submitted its resolution plan which was approved by Committee of Creditors {Coe) by a majority. However, Hon'ble NCLT approved the Resolution Plan of NBCC with modifications, which has been challenged by the company in NCLAT.

As per the final resolution plan, resolution debt of JIL as given in the Resolution Plan, are proposed to be settled by monetization of specific assets of the company i.e. JIL; and the company will entail upto a maximum capital of ~12,000.00 Lakhs by way of subscription to the equity instrument or quasi equity instruments. Further, in accordance with the terms of CIRP, the company has submitted an unconditional, irrevocable performance bank guarantee ofn0,000.00 Lakhs. The matter, however, is sub-judice.

8 The company has undertaken the project for construction of "Additional Shopping cum Car Parking Blocks" in one of its built up and sold project "NBCC Plaza" at Pushp Vihar, New Delhi. The Company has deposited a sum of "3,021.00 Lakh as additional premium for availing additional ground coverage (FAR) on directions of L&DO, MoHUA. Again the demand for the additional premium for the same project is raised by South Delhi Municipal Corporation which is contested by the company. The company has been taking proactive measures for early resolution of the matter and is hopeful of a positive outcome. The total amount of expenditure on this project by the company including the above premium is ~4,740.62 lakhs.
9 The company has purchased group housing plot from Naya Raipur Development Authority admeasuring 30,436 sq. metres at Naya Raipur, from Faridabad Municipal Corporation ad measuring 16, 754 sq. meters at Faridabad; from Urban Improvement Trust, Alwar ad measuring 4197 sq. meters at Alwar; and from Ghaziabad Development Authority admeasuring 16,200 sq. meters at Koval Enclave, Ghaziabad for an aggregate sum of ~21,894.66 Lakhs, (part of inventory). While conveyance deed/ lease deed in respect of all the above plot Is yet to be executed, possession In respect of the plot situated at Alwar could not yet be taken due to third party litigation pending at Hon'ble High Court of Rajasthan and the possession of plot situated at Koyal Enclave, Ghaziabad could not be obtained due to raising of additional demand of ~462.41 Lakhs by Ghaziabad Development Authority which the company did not accept and objected to.
10 The spread of COVID 19 pandemic has severally impacted businesses around the globe. The Government of India declared complete lockdown on March 23, 2020 and company temporarily suspended its operations & the operations for the month of March 2020 have been partially impacted. The company's management has made 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.
11 The major clients of the company are ministries, Government Departments, Government Authorities and Public Sector Undertakings. The balances of the clients in the nature of Trade Receivables, Loans and Advances, Deposits in the nature of trade receivables 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.
12 Figures for the quarter ended March 31, 2020 are the balancing figures between figures in respect of the year ended on March 31, 2020 and the published figures for the nine months ended on December 31, 2019 of the current financial year.
13 Comparative figures have been regrouped/ recasted/ rearranged wherever deemed necessary to conform to current period classification and negative figures have been shown in brackets.

Place : New Delhi Date : July 6, 2020

			NBCC (INDIA) LIMITED
		(A Government of India Enterprise), A Navratna Company
			CIN : L74899DL1960GOI003335
	Statement of Standalone Audited Segment Results for the Quarter & Year Ended on March 31, 2020
						fin Lakhs
	Standalone
			Quarter Ended on		Year Ended on
	Particulars	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1.	Segment Revenue
(a)	PMC	1,38,440.00	1,15,900.84	2,06,886.82	4,80,721.72	6,33,161.87
(b)	Real Estate	12,335.70	1,573.89	22,345.43	14,523.25	48,046.97
(c)	EPC	6,181.59	8,535.39	6,067.55	22,727.43	32,951.53
	Total	1,56,957 .29	1,26,010.12	2,35,299.80	5,17,972.40	7,14,160.37
	Less: Inter Segment Revenue	-	-	-	-	-
	Net Sales / Income from Operations	1,56,957 .29	1,26,010.12	2,35,299.80	5,17,972.40	7,14,160.37
2.	Segment Results
	Profit before tax and Interest
(a)	PMC	7,626.35	4,595.67	11,997.49	21,998.00	38,375.60
(b)	Real Estate	(946.68)	549.99	9,019.28	(549.90)	22,078.92
(c)	EPC	646.97	1,086.69	(583.90)	1,953.29	185.07
(d)	Unallocated	(929.21)	(1,158.32)	2,018.82	1,392.99	(4,732.67)
	Total	6,397.43	5,074.03	22,451.69	24,794.38	55,906.92
	Less: Finance Costs	133.90 6,263.53	133.44 4,940.59	38.40 22,413.29	666.02 24,128.36	60.74 55,846.18
3.	Total Profit before tax Segment Assets
(a)	PMC	3,57,057.44	3,72,039.24	3,98,724.04	3,57,057.44	3,98,724.04
(b)	Real Estate	1,80,422.36	1,90,794.68	1,87,979.81	1,80,422.36	1,87,979.81
(c)	EPC	65,015.30	64,727.60	71,784.22	65,015.30	71,784.22
(d)	Unallocated	1, 74,043.18	1,56,311.87	1, 71,453.29	1, 74,043.18	1,71,453.29
	Total Segment Assets	7,76,538.28	7 ,83,873.39	8,29,941.36	7, 76,538.28	8,29,941.36
4.	Segment Liabilities
(a)	PMC	5,14,560.46	5,03,907.97	5,38,862.76	5,14,560.46	5,38,862. 76
(b)	Real Estate	31,742.73	38,964.17	41,162.58	31,742.73	41,162.58
(c)	EPC	52,338.27	55,054.68	53,106.66	52,338.27	53,106.66
(d)	Unallocated	25,536.31	38,918.08	40,328.56	25,536.31	40,328.56
	Total Segment Liabilities	6,24,177.77	6,36,844.90	6,73,460.56	6,24,177.77	6,73,460.56

The 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.

Place : New Delhi Date : July 6, 2020

(" (P. K. ~ Gupta)

Chairman Cum Managing Director

	NBCC (INDIA} LIMTED
	(A Govt. of India Enterprise), A Navratna Company
	Statement of Standalone Audited Assets and Liabilities as on March 31, 2020		'in Lakhs

s.		Standalone Amount as at	Amount as at
No.	Particulars	31.03.2020	31.03.2019
		(Audited)	(Audited)
	ASSETS
1	Non Current Assets
	(a) Property, Plant and Equipment	5,866.77	7,200.41
	(b) Investment Property	161.48	164.18
	(c) Financial Assets
	(i) Investments	33,354.24	34,360.17
	(ii) Other Financial Assets	11,308.87	6,539.41
	(d) Deferred Tax Assets (Net)	30,294.47	40,120.00
	(e) Non Current Tax Assets (Net)	2,812.59	3,470.36
	(f) Other Non Current Assets	-	731.00
	Total Non Current Assets	83,798.42	92,585.53

2	Current Assets (a) Inventories	1,76,737.47	1,83,232.27
	(bl Financial Assets
	(i) Investments	1,000.00	1,501.47
	(ii) Trade Receivables	1,36,469.90	2,10,763.98
	(iii) Cash and Cash Equivalants	1,68.422.49	1,44,550.72
	(iv) Other Bank Balances	7,666.51	13,514.22
	(v) Other Financial Assets	1,26,629.97	1,17,098.60
	(c) Curent Tax Assets (Net)	5,795.46	2,691.30
	(d) Other Current Assets	68,796.84	63,161.75
	(e) Assets held for Sale	1,221.22	841.52
	Total Current Assets	6,92,739.86	7,37,355.83
	Total Assets	7,76,538.28	8,29,941.36
		Standalone
s.	Particulars	Amount as at	Amount as at
No.		31.03.2020	31.03.2019
		(Audited)	(Audited)
	EQUITY & LIABILITIES
	Equity
	(a) Equity Share Capital	18,000.00	18,000.00
	(b) Other Equity	1,34,360.51 1,52,360.51	1,38,480.80 1,S6,480.80
	Total Equity
	Liabilities
1	Non-current liabilities
	(a) Financial Liabilities
	(i) Other financial liabilities	8.57	-
	(b) Provisions	9,776.81	9,663.62
	(c) Other non-current liabilities	11,408.64	10,864.11

2	Current liabilities
	(a) Financial Liabilities
	(i) Trade Payables
	- Micro Enterprises and Small Enterprises	12.67	-
	- Others	2,15,122.94	2,93,840.68
	(ii) Other financial liabilities	88,945.85	84,746.80
	(b) Other Current Liabilities	2,94,308.14	2,68,031.19
	(c) Provisions	4,594.15	5,928.91
	(d) Liabilities associated with the Assets held for Sale	-	385.25
	Total Uabllitles	6,24,177.77	6,73,460.56

	Total Equity and Liabilities	7,76,538.28	8,29,941.36

(A Govt. of India Enterprise), A Navratna Company Statement of Standalone Audited Cash Flows for the year ended on March 31, 2020 Particulars	Standalone Year Ended on 31.03.2020
		~in Lakhs




		31.03.2019
A. Cash flows from operating activities	(Audited)	(Audited)
Net profit before tax and Exceptional items	24.128.36	55,846.18
Adjustment for:
Exchange difference on translation of Foreign Operations	187.96	(136.34)
Depreciation	277.41	263.56
Net (Gain) I Loss on Sale of Assets	(711.79)	(19.48)
Provisions for Research & Development	384.11	333.61
Provision for Impairment of Trade Receivables (Net)	4,832.50	7,014.70
Provision for Impairment of Inventories	1,825.75	507.85
Provision for Impairment of Other Financial Assets	2,018.20	1,438.93
Provision for Loans & Advances (Net)	484.39	-
Provision for Loans to Subsidiary	51.84	-
Provision for Investments	137.83	-
Provision for Warranty Charges (Net)	(653.00)	309.00
Provision for Onerous Contracts	-	184.44
Finance Cost	666.02	60.74
Interest Received	(14,949.93)	(15,478.48)
Rent	(434.61)	(441.79)
Distribution from joint Venture	(518.95)	-
Dividend Received	(7,040.58)	(2,673.67)
Provisions for Employee Benefits (Net of Payments)	(250.96)	(2,275.78)
Expenditure on Research & Development Activities	(66.52)	(210.86)
Operating Profit before Working Capital Changes	10,368.03	44,722.61
Adjustment for: Decrease/ (Increase) in Other Financial Assets (Non Current)	(4,769.46)	(1,469.28)
Decrease/ (Increase) in Non Current Tax Assets	3,470.36	(2,115.43)
	(280.75)	(3.002.93)
Decrease/ (Increase) in Inventories Decrease/ (Increase) in Work-in-Progress	5,288.11	23,753.99
Decrease/ (Increase) in Trade receivables	63,742.02	709.75
	(11,515.24)	(16,168.80)
Decrease/ (Increase) in Other Financial Assets Decrease/ (Increase) in Current Tax Assets	(3,396.85)	3,121.58
	{6,119.48)	(4.649.25)
Decrease/ (Increase) in Other Current Assets Decrease/ (Increase) in Other Non Current Liabilities	1,206.83	-
	0.70	-
(Decrease)/ Increase in Provisions-Non Current (Decrease)/ Increase in Trade payables	(78,705.09)	{5,589.94)
(Decrease)/ Increase in Other Financial Liabilities (Current)	4,181.15	2,286.42
(Decrease)/ Increase in Other Current Liabilities	24,928.86	(16,824.05)
(Decrease)/ Increase in Liabilities Associated with the Assets held for Sale	(385.25)	385.25
Cash generated from Operations	8,013.94	25,159.92
Direct Taxes Paid	(2,900.98)	(13,200.00)
Net Cash from Operating Activities {A)	5,112.96	11,959.92

NBCC {INDIA) LIMTED
(A Govt. of India Enterprise), A Navratna Company
Statement of Standalone Audited Cash Flows for the year ended on March 31, 2020
		~in Lakhs
	Standalone
Particulars	Year Ended on
	31.03.2020 (Audited)	31.03.2019 (Audited)

Cash Flows from Investing Activities: B.
Receipt related to Subsidiaries and Joint Ventures	1,113.36	-
Payment related to Subsidiaries and Joint Ventures	(245.26)	(28,500.00)
Distribution received from Subsidiaries and Joint Ventures	7,536.27	2,637.69
Capital Advance for Purchase of Property, Plant and Equipment	(349.02)	(253. 73)
Purchase of Property, Plant and Equipment & Other Intangible
Assets	(18.89)	(170.45)
Assets Held for Sale	-	(96.71)
Sale of Property, Plant and Equipment	2,890.92	32.55
Loan disbursed to Subsidiary	(80.00)	-
Repayment of Loan by Subsidiary	30.00	-
Interest received on Loan to Subsidiary	0.52	-
Flexi Bank Deposit having Original Maturity more than 3 months	5,832.83	19,992.78
and upto 12 Months. Fixed Bank Deposit having Original Maturity more than 3 months
and upto 12 Months	14.BB	7.BB0.19
Flexi Bank Deposit having Original Maturity more than 12 months	(36.70)	(5.24)
Investment in Liquid Fund Cash Plan	501.47	(1,501.47)
Interest Received (Net of Tax Deducted at Source)	14,270.41	14,845.65
Rent Received (Net of Tax Deducted at Source)	399.31	406.99
Dividend Received	23.26	35.98
(B) Net Cash from Investing Activities:	31,883.36	15,304.23
c. cash Flows from Financing Activities:
Dividend on Equity Shares paid (Including Dividend Distribution
Tax)	(12,431.49)	(12,151.97)
Shares Issue Expenses	-	(529.23)
Finance Cost	(662.30)	-
Payment for the interest portion of the lease liability	(3.72)	-
Payment for the principal portion of the lease liability	(27.04)	-
Net Cash from Financing Activities (C)	(13,124.55)	(12,681.20)
Net Increase in Cash and Cash Equivalent (A) + (B) + (C)	23,871.77	14,582.95

Cash and Cash Equivalents - Opening	1,44,550. 72	1,29,967. 77
Cash and Cash Equivalents - Closing	1,68,422.49	1,44,550. 72
i) Cash and Cash Equivalents Includes:
a) Cash in Hand	-	-
b) Remittances in Transit I Cheques in Hand	2,466.16	29.00
c) Balances I Flexi Deposits/Fixed Deposit Call Deposits with Banks	1,65,906.44	1,44,483.95
d) Balances with Bank in Unclaimed Dividend Account	49.89	37.77
TOTAL	1,68,422.49	1,44,550.72

Note :

(P. K. Gupta) Chairman Cum Managing Director

Wegmans House, 21 , Veer Savarkar Block, Shakarpur, Vikas Marg, DELHI -110 092 Ph.: 011-4244 5310 Website : www.dhawanco.com

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of NBCC (India) Limited

Report on the Audit of the Standalone Financial Results

DHAWAN & CO.

Chartered Accountants

Opinion

We have audited the accompanying standalone quarterly financial results of NBCC (India) Limited (the company) for the quarter and the year ended March 31, 2020 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act 2013 (the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the company for the quarter and the year ended March 31, 2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of Act. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India ("the !CAI") together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requiremen d the I Al's code of ethics. We believe that the audit evidence, we have obtained, is suffici .... "' <l to provide a basis for our opinion on the Standalone Financial Results.

1j Page

Emphasis of Matter

We invite attention to the following matters in the notes to the quarterly standalone financial statements:

i) Note No. 8 regarding payment by the company to L&DO, MoHUA as premium for availing additional ground coverage at company's built up and sold project "NBCC Plaza" and incurring of other construction cost and consequential expenses thereon for project which is stuck up on account of similar demand raised by South Delhi Municipal Corporation in respect of additional ground coverage in the year 2015;
ii) Note No. 9 regarding non- execution of conveyance I lease deed, forming part of the land bank (inventory), in respect of 4 group housing plots situated at Naya Raipur, Faridabad, Alwar and Ghaziabad; and non handing over of possession in respect of group housing plots situated at Alwar and Ghaziabad;
iii) Note No. 10 regarding uncertainties arising out of the outbreak of COVID19 pandemic and consequential assessment made by the management on its business and its associated financial risks. This assessment made by the management is highly dependent on the circumstances as they evolve in the subsequent periods. The impact, therefore, in future periods may be different from the estimates made by the management as on the date of approval of these financial results;
iv) Note No. 11 regarding the balances of Trade Receivables, Loans and Advances, Deposits and trade Payables being subject to reconciliation, confirmation and consequential adjustments thereof.

Our opinion is not modified in respect of above matters.

Management's Responsibilities for the Standalone Financial Results

These standalone financial results have been prepared on the basis of the standalone annual financial statements. The company's board of directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the Indian Accounting Standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and pr ~ · and "' implementation and maintenance of adequate internal financial controls "° we kfod

effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the board of directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the board of directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

The board of directors is also responsible for overseeing the company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the board of directors. ~"'"'~ ~'f". " 0 Ch-

3I Page

Conclude on the appropriateness of the board of directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The standalone financial results include the results for the quarter ended 31st March 2020, being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figure up to third quarter of the current financial year which were subject to limited review by us.

For Dhawan & Co. Chartered Accountants /CAI Firm Reg. . n No. : 002864N

(Partner) M. No. ICAI UDIN 072302 20072302AAAAAR8103

Place Dated New Delhi July 06, 2020

41 Page

A Navratna CPSE An 1snso 9001 :2015 Company (For Providing Project Management Consultancy and Execution of the Projects)

July 6, 2020

Declaration on the Auditor's Report under Regulations 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements}, 2015.

Pursuant to provisions of Regulation 33(3)(d) of the SEBI (List ing Obligations and Disclosure Requirements), Regulations, 2015, It is hereby declared and confirmed that the Auditor's Reports, on the Financial Statements (Standalone and Consolidated) of the Company for the Financial year 2019-20, are unmodified and without any qualifications.

CORPORATE OFFICE

NBCC Bhawan, Lodhi Road, New Delhi-110003 Tel. EPABX: 91-11-43591555, 24367314-15 CIN-L74899DL 1960GOI003335

		NBCC (INDIA) LIMITED
	(A Government of India Enterprise), A Navratna Company
		CIN : L74899DL1960GOI003335
	Statement of Consolidated Audited Financial Results for the Quarter & Year Ended on March 31, 2020
						"in Lakhs
	Consolidated
			Quarter Ended on		Year Ended on
	Particulars	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1.	Income from Operations
(a)	Net Sales I Income from Operations	2,56,873.49	1,91,668.35	3,08, 746.22	8,02,750.41	9,80,638.93
(b)	Other Operating Income	3,161.40	1,333.69	5,022.59	5,956.96	13,658.48
	Income from Operations (Net)	2,60,034.89	1,93,002.04	3,13,768.81	8,08,707.37	9,94,297.41
(c)	Other Income	5,109.09	4,934.10	5,637.93	20,592.60	20,663.42
	Total Income	2,65,143.98	1,97,936.14	3,19,406.74	8,29,299.97	10,14,960.83
2. (a)	Expenses
	Land purchased & Materials consumed	569.55	163.31	1,551.04	820.87	1,913.09
(b)	Changes in inventories of Real Estate Projects	8,820.29	(1,795.37)	7,004.70	4,635.52	16,369.92
(c) (d)	Work & Consultancy expenses	2,29,928.53	1,80,171.47	2,75,809.45	7,41,344.95	8,83,587.06
(e)	Employee benefits expenses Finance Costs	7,693.08	8,293.45	7,050.65	33,029.96	33,931.13
(f)		135.19	133.82	38.40	668.61	60.74
(g)	Depreciation and amortisation expense Other Expenses	191.97 6,938.62	160.79 1,691.52	17.73 7,487.46	650.27 12,048.55	436.39 14,340.71
(h)	Provision for Expected Credit Loss	882.70	1,889.94	(865.17)	6,474.32	7,469.22
	Total Expenses	2,55,159.93	1,90,708.93	2,98,094.26	7,99,673.05	9,58,108.26
3.	Profit/ (Loss) from operations before Share of Profit/ (Loss)
	of Joint Venture, Exceptional Items & Tax (1- Z)	9,984.05	7,227.21	21,312.48	29,626.92	56,852.57
4.	Share of Profit/ (Loss) of Joint Venture	(26.97)	49.32	(19.55)	85.78	37.52
5.	Profit/ (Loss) from operations before Exceptional Items & Tax (3 + 4)	9,957.08	7,276.53	21,292.93	29,712.70	56,890.09
6.	Exceptional Items (Net)	-	-	-	-	-
7.	Profit/ (Loss) before Tax (S - 6)	9,957.08	7,276.53	21,292.93	29,712.70	56,890.09
8.	Tax Expense
	(a) Current Tax	1,717.51	1,516.63	9,801.26	7,722.99	21,971. 16
(b) (c)	Deferred Tax Taxation in respect of earlier years	(96.86) (41.10)	211.72 (5.88)	(3,081.20) 327.23	12,654.75 (651.80)	(4,510.21) 265.15
9.	Net Profit/ (Loss) for the period (7 - 8)	8,377.53	5,554.06	14,245.64	9,986.76	39,163.99
	10. Net Profit/ (Loss) attributable to
	(a) Owners of the parent	7,898.15	4,953.79	13,678.98	7,823.35	37,515.96
(b)	Non Controlling Interest	479.39	600.27	566.66	2,163.41	1,648.03
	11. Other Comprehensive Income (Net ofTax Expense)
	(a)(i) Items that will not be reclassified to Profit or Loss	410.95	(0.78)	(2,223.47)	408.59	(2,202.04)
	(a)(ii) Income tax relating to items that will not be reclassified to Profit or Loss	(103.66)	0.83	773.00	(102.83)	768.38
	(b)(i) Items that will be reclassified to Profit or Loss	21.57	15.51	92.80	209.72	(123.01)
	(b)(ii) Income tax relating to items that will be reclassified to Profit or Loss	(6.68)	(4.07)	(32.44)	(70.61)	42.98
	12. Total Comprehensive Income (9 + 11)	8,699.71	5,565.55	12,855.53	10,431.63	37,650.30
	13. Total Comprehensive Income attributable to
	(a) Owners of the parent	8,282.01	4,964.92	12,300.11	8,329.47	36,001.21
(b)	Non Controlling Interest Paid up Equity Share Capital (Face Value of" 1 per share)	417.71	600.63	555.42	2,102.16	1,649.09
14.	15. Other Equity	18,000.00	18,000.00	18,000.00	18,000.00	18,000.00
	16. Earnings Per Share {Not Annualized for the Quarter)				1,27,020.57	1,32,841.12
	lal Basic	0.44	0.28	0.76	0.43	2.08
(bl	Diluted	0.44	0.28	0.76	0.43	2.08

1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 6, 2020.

2 The financial results for the year ended March 31, 2020 have been audited by t he statutory auditors of the company. The statutory auditors have expressed a modified opinion.

3 The Board of Directors has recommended a Final Dividend of < 0.135 per equity share on face value of< 1.00 per equity share for the financial year 2019·20.

4 The group has adopted Ind AS 116, 'Leases' effective from April 1, 2019 using modified retrospective transition method and therefore comparatives have not been restated The adoption of Ind AS 116 resulted in recognition of Right of Use Asset of(5,847.82 lakhs out of which ~5.793.72 lakhs is as a result of reclassification from Property, Plant and Equipments.

6 The group has elected to exercise the option permitted under section 115BAA o l\li'llMJE~ tax provision and re-measured its deferred tax assets/ liabilities, basis at the rates *r tax expenses for the year ended March 31, 2020 is higher by ~14 626.43 lakhs. ognised 7 With reference to the Corporate Insolvency Resolution Process (CIRP) of Jaypee lnfratech Limited (J IL), the parent has submitted its resolution plan which was approved by Committee of Creditors (CoC) by a majority. However, Hon'ble NCLT approved the Resolution Plan of NBCC with modifications, which has been challenged by the parent in NCLAT.

As per the final resolution plan, resolution debt of JIL as given in the Resolution Plan, are proposed to be settled by monetization of specific assets of the company i.e. JIL; and the parent will entail upto a maximum capital of t12,000.00 Lakhs by way of subscription to the equity instrument or quasi equity instruments. Further, in accordance with the terms of CIRP, the parent has submitted an unconditional, irrevocable performance bank guarantee oft 10,000.00 Lakhs. The matter, however, is sub-judice.

8 The group has undertaken the project for construction of #Additional Shopping cum Car Parking Blocks# in one of its built up and sold project NNBCC Plaza" at Pushp Vihar, New Delhi. The group has deposited a sum of ~3,021.00 Lakh as additional premium for availing additional ground coverage (FAR) on directions of L&DO, MoHUA. Again the demand for the additional premium for the same project is raised by South Delhi Municipal Corporation which is contested by the group. The group has been taking proactive measures for early resolution of the matter and is hopeful of a positive outcome. The total amount of expenditure on this project by the group including the above premium is f4, 740.62 lakhs.
9 The group has purchased group housing plot from Naya Raipur Development Authority admeasuring 30,436 SQ. metres at Nava Raipur. from Faridabad Municipal Corporation ad measuring 16, 754 sq. meters at Faridabad; from Urban Improvement Trust, Alwar ad measuring 4197 sq. meters at Alwar; and from Ghaziabad Development Authority admeasuring 16,200 sq. meters at Koyal Enclave, Ghaziabad for an aggregate sum of t 21,894.66 Lakhs, (part of inventory). While conveyance deed/ lease deed in respect of all the above plot is yet to be executed, possession in respect of the plot situated at Alwar could not yet be taken due to third party litigation pending at Hon' ble High Court of Rajasthan and the possession of plot situated at Koyal Enclave, Ghaziabad could not be obtained due to raising of additional demand of t 462.41 Lakhs by Ghaziabad Development Authority which the group did not accept and objected to.
10 In respect of one of the subsidiary, HSCL, expenses related to contract employees directly hired by the company has been reclassified to establishment expenses due to applicabiity of statutory labour laws. Accordinlgy, figures for year ended March 31, 2019 & quarter ended March 31, 2019 have been regrouped to that extent.
11 During the year ended March 31, 2019, the company has acquired 100% of equity share capital in HSCC (India) Limited (HSCC), which was previously 100% owned by Government of India. Thus HSCC has become subsidiary of the company w.e.f. December 24, 2018. Since t he company and HSCC both had Govt. of India (President of India) as majority shareholder throughout F.Y. 2018-19 also and thus were under Common Control even prior to HSCC becoming subsidiary of the company, NBCC has accounted for business combination with HSCC in terms of Appendix C of Ind AS 103 on Business Combination which lays down the principles in respect of accounting for business combinations of entities or businesses under common control in accordance of pooling of interest method prescribed thereunder. Hence, amounts for the year ended on March 31, 2019 include amount pertaining to HSCC also even though HSCC became subsidiary of the company w.e.f. December 24, 2018.
12 In respect of one of the subsidiary, HSCC, reconciliation of two bank accounts with Indian Overseas Bank are still pending, hence, the un-reconciled bank balances may have impact on Profit & Loss and Balance Sheet of the group and will be accounted in the year in which the un-reconciled transaction will be identified.
13 In respect of one of the subsidiary, HSCC, during the year ended March 31, 2020, in the process of reconciliation of various head of accounts, four unidentified transactions were noticed, which were confirmed with the banks amounting to tl89.07 lakhs. A complaint has been lodged with SSP, Gautam Budh Nagar on May 13, 2019. The bank has paid the said amount oft189.07 lakhs on December 31, 2019.
14 In respect of one of the subsidiary, HSCL, its corresponding figures for the quarter ended March 31, 2019 were not Limited Reviewed by their statutory auditors due to IR problems existed at that time.
15 The major clients of the group are ministries, Government Departments, Government Authorities and Public Sector Undertakings. The balances of the clients in the nature of Trade Receivables, Loans and Advances, Deposits in the nature of trade receivables 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.
16 The spread of COVID 19 pandemic has severally impacted businesses around the globe. The Government of India declared complete lockdown on March 23, 2020 and group temporarily suspended its operations & the operations for the month of March 2020 have been partially impacted. The group's management has made initial assessment of likely adverse impact on revenues and believes that the impact on revenues is likely to be short term in nature. The group 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 group to continue as a going concern and meeting its liabilities as and when due.
17 Figures for the quarter ended March 31, 2020 are the balancing figures between figures in respect of the year ended on March 31, 2020 and the published figures for the nine months ended on December 31, 2019 of the current financial year.
18 Comparative figures have been regrouped/ recasted/ rearranged wherever deemed necessary to conform to current period classification and negat ive figures have been shown in brackets.

(P. K. Gupta)

Place : New Delhi Date : July 6, 2020

			NBCC (INDIA) LIMITED
		(A Government of India Enterprise), A Navratna Company
			CIN : L74899DL1960GOI003335
	Statement of Consolidated Audited Segment Results for the Quarter & Year Ended on March 31, 2020
						~in Lakhs
				Consolidated
			Quarter Ended on		Year Ended on
	Particulars	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1.	Segment Revenue
(a)	PMC	2,32,434.54	1,77,770.46	2,81,865.00	7,47,066.03	8,91,767.14
(b)	Real Estate	12,335.70	1,573.89	15,514.53	14,523.25	35,065.22
(c)	EPC	12,103.25	12,324.00	11,366.69	41,161.13	53,806.57
	Total	2,56,873.49	1,91,668.35	3,08,746.22	8,02,750.41	9,80,638.93
	Less: Inter Segment Revenue	-	-	-	-	-
	Net Sales / Income from Operations	2,56,873.49	1,91,668.35	3,08,746.22	8,02,750.41	9,80,638.93
2.	Segment Results
	Profit before tax and Interest
(a)	PMC	10,322.76	6,775.65	12,117.69	31,304.79	45,436.75
(b)	Real Estate	(975.85)	533.96	7,440.66	(536.24)	16,277.44
(c)	EPC	1,093.35	1,190.34	(717.84)	3,351.32	376.95
(d)	Unallocated	{347.99)	(1,089.60)	2,490.82	(3,738.56)	(5,140.31)
	Total	10,092.27	7,410.35	21,331.33	30,381.31	56,950.83
	Less: Finance Costs	135.19	133.82	38.40	668.61	60.74
	Total Profit before tax	9,957.08	7,276.53	21,292.93	29,712.70	56,890.09
3. (a)	Segment Assets	7,75,652.07	7, 74,045.20	8,10,725.47	7, 75,652.07	8,10,725.47
	PMC			1,88,213.87	1,81,149.38	1,88,213.87
(b) (c)	Real Estate	1,81,149.38 91,886.59	1,91,551.84 93,345.94	1,01,311.28	91,886.59	1,01,311.28
{d)	EPC Unallocated	2,04,951.82	1,88,360.44	2,09,292.58	2,04,951.82	2,09,292.58
	Total Segment Assets	12,53,639.86	12,47,303.42	13,09,543.20	12,53,639.86	13,09,543.20
4.	Segment Liabilities
(a)	PMC	9,41,196.83	9,17,157.94	9,42,586. 76	9,41,196.83	9,42,586. 76
(b)	Real Estate	31,742.73	38,964.17	40,886.02	31,742.73	40,886.02
(c)	EPC	82,786.79	88,703.58	82,212.59	82,786.79	82,212.59
(d)	Unallocated	37,323.58	50,464.40	78,184.94	37,323.58	78,184.94
	Total Segment Liabilities	10,93,049.93	10,95,290.09	11,43,870.31	10,93,049.93	11,43,870.31

The Group has reported segment information as per Ind AS 108 "Operating Segments". The Group 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 Group's Chief Operating Decision Maker and strategic decisions are made on the basis of segment operating results.

Place : New Delhi Date : July 6, 2020

	NBCC (INDIA) LIMTED (A Govt. of India Enterprise), A Navratna Company
	Statement of Consolidated Audited Assets and Liabilities as on March 31, 2020
			fin Lakhs
s No	Particulars	Consolidated Amount as at 31.03.2020	Amount as at
		(Audited)	31.03.2019 (Audited)
	ASSETS
	1 Non Current Assets
	(a) Property, Plant and Equipment	16,346.41	17,984.19
	(b) Capital Work in Progress (c) Investment Property	16.77 161.48	16.77 164.18
	(d) Other Intangible assets	0.93	4.18
	(e) lntanglbla assets under development	13.16	13.16
	(f) Investments Accounted for using Equity Method	1,839.94	1,630.58
	(g) Financial Assets
	(i) Investments (ii) Other Financial Assets	0.02	1,113.38
	(h) Deferred Tax Assets (Net)	25,583.23 38,059.52	9,345.34 50,740.30
	(i) Non Current Tax Assets (Net)	2,871.13	3,470.36
	(j) Other Non Current Assets	5,863.08	1,482.40
	Total Non Current Assets	90,755.67	SS,964.84
	z current Assets
	(a) Inventories	1, 76, 753.83	1,83,329.53
	(b) Financial Assets
	(i) Investments (ii) Trade Receivables	1,000.00 1,85,557.41	1,501.47 2,44,889.53
	(iii) Cash and Cash Equivalants	1,94,881.18	1,90,755.04
	(iv) Other Bank Balances	3,25,757.81	3,18,527.15
	(v) Other Financial Assets	1,60,214.80	1,71,518.65
	(c) Curent Tax Assets (Net)	13,295.59	9,042.80
	(d) Other current Assets (e) Assets held for Sale	1,04,202.35 1,221.22	1,03,172.67 841.52
	Total Current Assets	11,62,884.19	12,23,578.36
	Total Assets	12,53,639.86	13,09,543.20
		Consolidated
s
	Particulars	Amounta5 at	Amount as at
No		31.03.2020	31.03.2019
	EQUITY & LIABILITIES	(Audited)	(Audited)
	Equity
	(a) Equity Share Capital	18,000.00	18,000.00
	(b) Other Equity	1,27,020.57	1,32,841.12
	Equity Attributable to the Owners of the Parent	1,45,020.57	1,50,841.12
	Non Controlling Interest Total Equity	15,569.36 1,60,589.93	14,831.77 1,65,672.89

1	Liabilities Non-current liabilities
	(a) Financial Liabilities
	(i) Other financial liabilities	20,804.33	1,822.34
	(b) Provisions	10,827.54	10,702.68
	(c) Other non-current liabilities	11,408.64	10,864.11
2	Current liabilities (a) Financial Liabilities
	(i) Trade Payables
	- Micro Enterprises and Small Enterprises	492.48	760.04
	- Others	3,54,727.47
	(ii) Other financial liabilities	1,39,052.56
	(b) Other Current liabilities	5,38,849.71	4,22,642.48 1,62,466.51 5,15,979.49
	( c) Provisions	16,887.20 -	18,247.41 385.25
	(d) Liabilities associated with the Assets held for Sale Total liabilities	10,93,049.93	11,43,870.31

Place : New Delhi Date : July 6, 2020

~/ Gupta)

<L: l1lf1ll lt Chairman Cum Managing Director

	NBCC (INDIA) LIMTED
	(A Govt. of India Enterprise), A Navratna Company
	Statement of Consolidated Audited Cash Flows for the year ended on March 31, 2020
			~in Lakhs
		Consolidated
	Particulars	Year Ended on
		31.03.2020	31.03.2019
		(Audited)	(Audited)
A.	Cash flows from operating activities
	Net profit before tax and Exceptional items	29,626.92	56,852 .57
	Adjustment for:
	Exchange difference on translation of Foreign Operations	209.72	(123.01)
	Depreciation	650.27	436.39
	Net (Gain) I Loss on Sale of Assets	(711.79)	(19.48)
	Provisions for Research & Development	384.11	333.61
	Provision for Doubtful Advances (Net)	83.95	1.252.30
	Provision for Impairment of Trade Receivables (Net)	6,474.32	6,154.91
	Provision for Impairment of Inventories	1,825.75	507 .85 1,438.93
	Provision for Impairment of Other Financial Assets	2,018.20 (852.47)	210.52
	Provision for Warranty Charges (Net)	(0.01)	184.44
	Provision for Onerous Contracts Provision for CSR Expenses	113.71	-
	Finance Cost	668.61	60.74
	Interest Received	(18, 756.25)	(19,559.71)
	Rent	(791.72)	(1,090.77)
	Dividend Received	(23.26)	(35.98)
	Provisions for Employee Benefits (Net of Payments)	(43.95)	(2,105.16)
	Expenditure on Research & Development Activities	(66.52)	(210.86)
	Operating Profit before Working Capital Changes	20,809.59	44,287.29
	Adjustment for:
	Decrease/ (Increase) in Other Financial Assets (Non Current)	(11,032.64)	(2,272.48)
	Decrease/ (Increase) in Other Non Current Assets	(4,380.68)	(171.36)
	Decrease/ (Increase) in Non Current Tax Assets	3.411.82	(2,115.43)
	Decrease/ (Increase) in Inventories	680.59	(3.032.98)
	Decrease/ (Increase) in Work-in-Progress	4,069.36	19,476.58
	Decrease/ (Increase) in Trade receivables	46,172.10	6,650.85
	Decrease/ (Increase) in Other Financial Assets	9,322.35	(42.41)
	Decrease/ (Increase) In Current Tax Assets	(3,872.06)	(293.92)
	Decrease/ (Increase) in Other Current Assets	(1,113.63)	(13,230.86)
	Decrease/ (Increase) in Other Non Current Liabilities	1,206.83	-
	(Decrease)/ Increase in Provisions-Non Current	0.70	-
	(Decrease)/ Increase in Other Financial Liabilities (Non Current)	18,981.99	(1,437.44)
	(Decrease)/ Increase in Trade payables	(68,182.58)	31,539.04
	(Decrease)/ Increase in Other Financial Liabilities (Current)	(23,343.45)	(11,406.09)
	(Decrease)/ Increase In Provisions-Current	(362.33)	(482.48)
	(Decrease)/ Increase in Other Current Liabilities	22,201.61	9,132.12
	(Decrease)/ Increase in Liabilities Associated with the Assets held for Sale	(385.25)	385.25
	cash generated from Operations	14,184.32	76,985.68
	Direct Taxes Paid	(2,900.98)	(13,200.00)
	(A) Net Cash from Operating Activities	11,283.34	63,785.68

	NBCC (INDIA) LIMTED
	(A Govt. of India Enterprise), A Navratna Company
	Statement of Consolidated Audited Cash Flows for the year ended on March 31, 2020
			~in Lakhs
		Consolidated
	Particulars	Year Ended on
		31.03.2020	31.03.2019
		(Audited)	(Audited)
B.	Cash Flows from Investing Activities:
	Receipt related to Subsidiaries and Joint Ventures	1.113.36	-
	Payment related to Subsidiaries and Joint Ventures	(186.58)	(28,500.00)
	Distribution received from Subsidiaries and Joint Ventures	63.00	-
	Capital Advance for Purchase of Property, Plant and Equipment	-	(253.73)
	Purchase of Property, Plant and Equipment & Other Intangible	(884.92)	(303.12)
	Assets Assets Held for Sale	(379.70)	(60.91)
	Sale of Property, Plant and Equipment	2,590.17	38.43
	Flexi Bank Deposit having Original Maturity more than 3 months
	and upto 12 Months.	(1,01,366.30)	7,257.62
	Fixed Bank Deposit having Original Maturity more than 3 months and upto 12 Months	94,135.64	(17,562.23)
	Flexi Bank Deposit having Original Maturity more than 12 months	(36.70)	(5.24)
	Fixed Bank Deposit having Original Maturity more than 12 months	(5,205.25)	-
	Investment in Liquid Fund Cash Plan	501.47	(1,501.47)
	Interest Received (Net of Tax Deducted at Source)	17,690.22	18,926.69
	Rent Received (Net of Tax Deducted at Source)	756.42	1,055.99
	Dividend Received (B) Net Cash from Investing Activities:	23.26 8,814.09	35.98 (20,871.99)

	c. Cash Flows from Financing Activities:
	Dividend on Equity Shares paid (Including Dividend Distribution	(15,238.49)	(14,44 7 .42)
	Tax)	-
	Shares Issue Expenses Finance Cost	(662.30)	(529.23) -
	Payment for the interest portion of the lease liability	(6.31)	-
	Payment for the principal portion of the lease liability	(64.19)	-
	Net Cash from Financing Activities (C)	(15,971.29)	(14,976.65)

	Net Increase in Cash and Cash Equivalent (A) + (B) + (C)	4,126.14	27,937.04
	Cash and Cash Equivalents - Opening	1,90,755.04	1,62,818.00
	Cash and Cash Equivalents - Closing	1,94,881.18	1,90,755.04

i) a)	Cash and Cash Equivalents Includes: Cash in Hand	-	0.05
b)	Remittances in Transit I Cheques in Hand	2,466.16	29.00
c)	Balances I Flexi Deposits/Fixed Deposit Call Deposits with Banks	1,92,365.13	1,89,564.21
d)	Balances with Bank in Unclaimed Dividend Account	49.89	1,161.78
	TOTAL	1,94,881.18	1,90, 755.04
	Note : Figures in brackets indicate cash outgo		(