NBCC India Ltd (NSE: NBCC) Q3 2026 Earnings Call dated Feb. 16, 2026
Corporate Participants:
Tanmay Jain — Investor Relations
K. P. Mahadevaswamy — Chairman & Managing Director
Analysts:
Unidentified Participant
Ravi Naredi — Analyst
Sumit Rohira — Analyst
Dixit Doshi — Analyst
Kriti Jain — Analyst
Ashwini Damani — Analyst
Dixit Doshi — Analyst
Pankaj Kumar — Analyst
Presentation:
operator
Ladies and gentlemen, good day and welcome to the NBCC Limited Q3 and 9M FY26 earnings conference call hosted by Ventura Securities Limited. Ladies and gentlemen, good day and welcome to the NBCC Limited Q3 and 9M FY26 earnings conference call hosted by Ventura Securities Limited. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing STAR and then zero on your touchtone phone. Please note this conference is being recorded.
Before we begin, I would like to point out this conference call may contain forward looking statements about the company which are based on the beliefs, opinions and expectation of the company as on date of this call. These statements do not guarantee the future performance of the company and it may involve risks and uncertainties that are difficult to predict. I would now like to hand the conference over to Tanmay Jain from Ventural Securities. Thank you. And over to you sir.
Tanmay Jain — Investor Relations
Yeah, thank you. Good day everyone. On behalf of Venture Securities, I welcome you all and we are pleased to hold the Q3 and 9 month FY26 unease conference call of NBC India Limited. Ventura securities appreciates its association with the company and thanks the management for taking the time to interact with investors today. The company is today represented by Sri KP Mahadeva Swami, Chairman and Managing Director Dr. Suman Kumar, Director Commercial Sri Anjeev Kumar Jain, Director Finance Sri M.B. singhal, Executive Director Finance and Sri Balkishan Fingla from Investor Relations. I would now like to hand over the call to the management for their opening remarks.
Thank you. And over to you sir.
K. P. Mahadevaswamy — Chairman & Managing Director
Good morning everyone. A warm welcome to all of you. In today’s report for third quarter. For third quarter on standalone operation and execution we have achieved a total income of 2018 and 3022cr on consolidated reflecting a 8% year increase on consolidated basis and our standalone plant stands 196 crores making a significant 53% year on year growth in profitability for 9 months on standalone operation and execution we have achieved total income of 5842cr and 8329cr unconsolidated reflecting 13% year on year increase in consolidated basis. As you are aware that Supreme Court of India has appealed the MCLT order appointing NBCC to complete supertech projects providing major relief to thousands of home buyers.
So this is a landmark decision and court audit shows about believing in MBCC capability and delivering stress real estate projects. It is very pertaining to note that how categorically Supreme Court said that no court shall interfere with the implementation of this decision. The project comprises of approximately 50,000 units of which 40,000 units already sold and 10,000 units remain unsold. The total estimated receivable from the project is 16,004 and estimated construction cost approximately 9,500. There execution duration 12 months to 36 months depending on the project stage and complexity. Now order book of NBCC NBCC standalone order book is standing 1 12,000 cr and consolidated order book 1 27,000 cr business secured NBCC has secured 3300 on consolidated basis in quarter three which makes a total of 13,400 cr in nine months of financial aid.
25:26 following major projects secured in quarter three, redevelopment of Tulsini Ketan at Ghaziabad for Gajiabad Development Authority 643 cr Integrated Township Jharkhand Damodar Valley Corporation DVC around 500 cr AV Vehicles Factory AVNL at Chennai 350 cr Central University Cosmill Rupees 340 cr Indian Institute of Technology Mandi Three hundred and thirty three crores business awarded to the contractors in quarter through three we have awarded 1600 cr of new tenders on consolidated level which makes a total of 5,000 cr in nine months. In quarter four we have already awarded 3,200 and 4,000 crores are in pipeline. Therefore we are expecting around 12,000 to 13,000 crores of new work will be awarded during this financial year.
Redevelopment projects for nine months financial year 26 GPRA redevelopment has contributed 1500cr in top line and development of the project. We already awarded 2700cr in current financial year to till date and 1400cr are in pipeline to be awarded in Netajanagar and Sarojinagar Netajinagar project Netajinagar valuing current of 2500 car is going in different places. This is a large project. Work has been going in on multiple packages and amounting of rupees 4000cr 600cr Gittoni project status we have achieved a significant breakthrough in Delhi with the settlement of long pending determined land dispute between NBCC and Government of NCT of Delhi bringing years of litigation to clear closure.
This enables NBCC to develop 21.23 acre prime land parcel in South Delhi as landmark mixed use projects. The development has an estimated built up potential of around 4.45 lakh square meter and revenue potential nearly 8500cr substantially strengthening our future development pipeline Value creation Of outlook Amrapali projects for 9 months 2026Amrapali stalled project phase 12 has contributed 1640cr in top line for sale. We have actioned the bulk sale of six FAR projects namely Centurion Park, Bream Valley Leisure Park, Silicon City Golf Home Leisure Valley Having Total number of 4800 units Amounting of rupees 12,000 crore rupees Till date around 2370 has been received from the bulk sale.
The balance unit test to be told sold is around 2,400 units having tentative sale value of around 4,800 cr. Thank you. Now the forum is open for question answer.
operator
Thank you sir. Ladies and gentlemen we will now begin the question and answer session. If you have a question please press star and one on your telephone keypad and wait for your turn to ask the question. If you would like to withdraw your request, you may do so by pressing star and one again. First question comes from Ravi Naredi from Naredi Investment. Please go ahead. Sir.
Ravi Naredi — Analyst
Landed Gittorny now court decision came and NBCC developed 21.23 acre land. You told in quarter two Concord that net profit might be come to 4,000 to 5,000 crore. So it is visible now and this financial year likely to receive this amount.
K. P. Mahadevaswamy — Chairman & Managing Director
We’re going to start this project by next year. So now the settlement is over. We have made the payment also to get gntcd. Now we have to call the consultant tender Hopefully March we are going to call the consultant tendon one or two months the consultant will be finalized. But next year the construction and sale will going to take place. This around 4000 to 50004 rupees profit will be there. Pat will be there.
Ravi Naredi — Analyst
But online in which financial year we are expecting.
K. P. Mahadevaswamy — Chairman & Managing Director
2728. Because the real estate it will come at the end of position. The turnover will come. Cash will come from next year onwards only. But the profit and turnover will be coming by landing over the flat to the bias.
Ravi Naredi — Analyst
So what what we will develop here? Flats or commercial property we have in mind.
K. P. Mahadevaswamy — Chairman & Managing Director
Actually it is. It is again into Metro railway station wherein POD policy is available. So we’ll go for retail, commercial or we are thinking for the mobile also. Whichever give us more affair so that we are going to after duty realness it will come exactly what we are going to do.
Ravi Naredi — Analyst
But we will sell them and not leave, right?
K. P. Mahadevaswamy — Chairman & Managing Director
Yes Sir. Okay.
Ravi Naredi — Analyst
And balance 21.23 land with Delhi government received. We will develop that land also.
K. P. Mahadevaswamy — Chairman & Managing Director
Maybe. Maybe we are discussing. Let us see. We May develop for them also. Because also it is a prime location. They will also get good number of revenue.
Ravi Naredi — Analyst
Okay sir, next question. Land Guru gram 37D which we are developing and projected net profit 800 crore in financial the year 28. So we presume from G and Guru Gram we received the 5000 to 6000 crore net profit in 2728.
K. P. Mahadevaswamy — Chairman & Managing Director
Yes, definitely. Definitely ot 70. The top line will be around 2300 and the bottom line will be 1200 here. So adding both together around 5000 to 6000 for income.
Ravi Naredi — Analyst
5000 to 6000. Very well said. And sir, what is the our top line target in financial year 27?
K. P. Mahadevaswamy — Chairman & Managing Director
27. Yeah. Next year. Yeah, yeah. Next year. 16 to 18,000.
Ravi Naredi — Analyst
16 to 18,000. And what is bottom line?
K. P. Mahadevaswamy — Chairman & Managing Director
Bottom line? Around thousand. CR,000.
Ravi Naredi — Analyst
2,200 CR for this financial year 26 we are expecting 900 curved bottom line. Right?
K. P. Mahadevaswamy — Chairman & Managing Director
800 to 900. 800 to 900.
Ravi Naredi — Analyst
Okay, thank you very much. Thank you very much.
operator
The next question comes from Sumit Rohira from Smarts and Capital Private Limited. Please go ahead.
Sumit Rohira — Analyst
Hi sir, good morning. Firstly, you know I would like to basically take the opportunity to wish you and your entire team a very, you know, happy and a good new year going ahead. So now you know, I just wanted to touch base upon a few things, you know, firstly sir, you know, today your, you know, if you look at your order book, you know you are at about 1 lakh 25,000 crore. You have land, you know, which has been cleared as you just highlighted. You know, you’ve got potential opportunities, you know, with Mumbai Port Trust as well, you know, which was announced in November.
So sir, seeing the landscape of this company, you know, you are at, you know, a point of time where you know, revenues can grow significantly higher rather than just 18 to 20%. Right? Because I mean, you know, this order book which you have today, you know clearly goes to show one thing that you know, the work on hand which you have is not an issue, okay? Because sector 37D also you have, you know, so sir, can you just talk, can you just talk a bit about the steps you’re taking on execution. Because that is only what is going to basically drive us ahead, right? Because the work you have is, I mean now you’ve got the super tech project as well which is now coming your favor.
So you know, work is. The work is not a constraint for you. You know, execution is something which, you know, honestly if you know, we get it completely correct, you know, can, you know, then take, you know, this entire Company to a different magnitude in terms of scale and operations, you know. So if you can, if you can just you know spend a bit of time on, you know talking about execution then that’d be wonderful. So sir, secondly, you know there is you know something which has come on the Bloomberg terminal which basically talks about you know the RERA approved housing projects in Jammu Kashmir.
Can you just you know highlight how big is that opportunity, you know, which has basically come also sir, on the Mumbai Port Trust, you know, you know how big you know could be that could be that opportunity. Because you know, I mean I see that you know this company could be, you know more than a 1 lakh crore market cap company over the next couple of years. So you know, but you know there are few things which are clearly missing, you know which really need to be addressed in terms of execution. So sir, if you can talk a bit about that, that’d be wonderful and then I’ll come back to you with further questions. Thanks sir.
K. P. Mahadevaswamy — Chairman & Managing Director
First of all we are doing in three models NBCC working in three models. One is pmc other one is epc. Third one is real estate. In PMC we are doing two model under pmc. One is redevelopment. The other one is pmc. So where PMC projects where government is budgeting there is no issue. We can start the projects within six months. Whereas redevelopment project we have to arrange the money. We have to get the approval. We have to convince the local authorities. And Jalu Kashmir we got three major chunk of order. One is Mahapra the other one is Jammu Kashmir.
It is almost 40,000 crore rupees. So Jammu Kashmir due to. I don’t want to beef in media due to some certain issues it could not take place. Now everything is clear. I think within a week or 10 days we will going to get the approval from state government. Of course it is a state government project. State governments way of working, central government of working and P working are different. So I don’t want to lingering on math GNB because of this it took some time. Even Mahap is also load already 10 cent. I think next financial year even Jammu Kashmir and Mahaprabh these two budgets will go into flat.
Of course Mumbai portrait is a PSU body. So wherein I think the approvals also not required much more approval. They have their in house approval. So the culture is going to start exhale onward. Yes you are. You are right conversion of execution that is a challenge. But hopefully next year will come to three days a good breakthrough.
Sumit Rohira — Analyst
So sir, I mean. So I mean if you can understand you know a bit more in detail on your revenues. So say assuming you know we end you know this financial year because we reported nine months of about eight and a half. So assuming we ended about 12 and a half, 13,000 crore for this year. So you’re saying that next year we should end up end at about 18,000 is what I heard correctly. I mean is that correct?
K. P. Mahadevaswamy — Chairman & Managing Director
Yes, definitely. That is a conservative figure. We may go more also. I’m talking about conservative figures.
Sumit Rohira — Analyst
Okay. So FY27 you’re saying you could report a revenue about 18,000. And, and, and and I’m sure that can only build going into FY28. You know, with the momentum of you know your projects which you’re having in 37D and Ghetto 3 and the other ones which you have in your order book. And so can you also talk you know a little bit about you know, new projects. You know that there’s you know there was a lot of chatter about the new Delhi developing colonies in Delhi etc. So sir, is there been any progress on that front? I mean you know how big could be that one be and any, I mean any progress.
Anything you can share with us on that sir?
K. P. Mahadevaswamy — Chairman & Managing Director
Not now. I will share with you guys. Good news will be shared earlier. It is going on.
Sumit Rohira — Analyst
Okay.
K. P. Mahadevaswamy — Chairman & Managing Director
It will be around 35000 work order in Delhi only redevelopment projects for central government. Apart from that Delhi state government also we are doing lot of presentations and all. Once you come to our kitty in it will be it will be announced to you at the earliest. Hopefully this year or first quarter of next year. Definitely.
Sumit Rohira — Analyst
You mean. You mean financial year?
K. P. Mahadevaswamy — Chairman & Managing Director
You mean next quarter? First quarter. Yes, yes. Hopefully by within March. We are you have given the presentation and all to DT also Delhi Development Authority. So two projects will come within this week only. That is nearly some 2,000 to 3,000 cr. We are going to develop the subset and.
Sumit Rohira — Analyst
Okay. Okay, wonderful. And sorry I mean you spoke. I mean on your revenue sir. So can you also talk a bit about you know your profitability as well. Because that will be helpful to understand. So FY27, I mean I’m sorry I missed the earlier number. What you were. Your. The line was not clear. So what are you looking in terms of profit by 2010?
K. P. Mahadevaswamy — Chairman & Managing Director
I told in 27. 28,002 200. This is also conservative figure.
Sumit Rohira — Analyst
Okay. So 27 you’re looking at a profit of thousand.
K. P. Mahadevaswamy — Chairman & Managing Director
Okay. Thousands or thousand two hundred. Okay, got it.
Sumit Rohira — Analyst
Okay great. So I’ll come back in the queue for more questions. Thank you. And wish you all the best.
K. P. Mahadevaswamy — Chairman & Managing Director
Thank you. Thank you.
operator
The next question comes from Dikshit Doshi from Whitestone Financial Advisors Private limited. Please go ahead.
Dixit Doshi — Analyst
Yeah. Thanks for the opportunity. Two, three questions from my side. Firstly if you can give a clarification whether this 1 lakh 26,000 crore of order book. Does this include the 10,000 crore super. Tech or it doesn’t
K. P. Mahadevaswamy — Chairman & Managing Director
include it included in the super. Including the supertex.
Dixit Doshi — Analyst
Okay. Including super tech. So basically if I say let’s say 40,000 crore of MAPE and J&K and 10,000 crore of super tech that 50,000 crore is actually not nothing has started over there out of this one like 26,000 crore. And you expect entire this 50,000 crore will start from next year onwards.
K. P. Mahadevaswamy — Chairman & Managing Director
Yes, definitely next year onwards both the project will go into start. JNK already appointed the consultant. Mahapra you have to award the consultant. And education will start from next year. Both projects.
Dixit Doshi — Analyst
Okay. So revenue contribution from both the projects will come in second half of next year. Because still we’ll be. I mean we are for doing consultant and work tenders for work will be awarded. And then the revenue recognition will start.
K. P. Mahadevaswamy — Chairman & Managing Director
Consultant already appointed. So second next year, second the third quarter onwards the turnover will come.
Dixit Doshi — Analyst
Okay. So next question is regarding margin. So what went wrong this quarter? I think our margins have dropped drastically this quarter. So was there any one off in expenses side?
K. P. Mahadevaswamy — Chairman & Managing Director
Actually what happened in 30 to 40% turnover come from Amrap Valley and 7 GPRA Colony. So out of total 9000cr 30 to 40% of the turnover comes from these two projects. Due to graph in the third quarter we are not push up that path. That is the reason I think this quarter we are going to cover up this backlog.
Dixit Doshi — Analyst
Okay. So do you feel still we can do the 800 crore plus profit in the financial year?
K. P. Mahadevaswamy — Chairman & Managing Director
Yes. Yes. Around 700 to 800. Definitely.
Dixit Doshi — Analyst
700 to 800. Okay. And sir we have done one ride back for the Kochi Kerala land. So if you can update whether this project was already built or now this. This project we will be doing. Because I think we have got the EC approval after the supreme court judgment.
K. P. Mahadevaswamy — Chairman & Managing Director
Actually last year, last quarter we have made a provision due to supreme court given somebody not on our project for all the projects due to non clearance of environmental clearance. But this time supreme court has given clearance. So the work almost 95% completed. Now we will going to start the sale of that inventory. So next year I think the turnover and profit both will come in the next year.
Dixit Doshi — Analyst
How much is the value of inventory.
K. P. Mahadevaswamy — Chairman & Managing Director
87 crore as per book value.
Dixit Doshi — Analyst
How much?
K. P. Mahadevaswamy — Chairman & Managing Director
100 crore as per book value.
Dixit Doshi — Analyst
Okay.
K. P. Mahadevaswamy — Chairman & Managing Director
Around 100 tier roughly we can say under here. Okay. Okay.
Dixit Doshi — Analyst
Okay. As of now that’s it from my side. I’ll join back in the time. Thank you.
operator
The next question comes from Akshay Patel from nbcc. Please go ahead. Hello.
Unidentified Participant
Hello.
K. P. Mahadevaswamy — Chairman & Managing Director
Tell me.
Unidentified Participant
Yeah, yeah. Congratulations to the team on a good set of numbers. And going forward I want to know about the result in the 2028 and 2029 financial year where the in the previous con calls it was predicted that the bottom line will hit 2000 crore. So if we get 1200 crore pat next year. So the very next year is it possible to jump to 2000 crore?
K. P. Mahadevaswamy — Chairman & Managing Director
Quite possible. Because we are hoping this real estate 3070 in our bottom line around 1200 crore cr profit we may get and even our real estate determining so that figure still I’m confident I will going to get.
Unidentified Participant
Okay, so you are betting on the three to four big projects. And because of that you have projected that 2000 will be the bottom line for the 2028 and 2029 financial year. Right?
K. P. Mahadevaswamy — Chairman & Managing Director
It is our land. So investment is already invested. So now only we have to take the profit concession and profit. So that’s why we may get more profit in there. It is not a PMT project. It is our real estate redevelopment projects.
Unidentified Participant
Okay. And I have been looking at the news which was shared. I’ve seen that the NBCC has made some strategic MOUs with many of the government agencies and including the foreign government. So what will be the future prospects of such MOUs? Will those get converted into revenue in the near term?
K. P. Mahadevaswamy — Chairman & Managing Director
Definitely. Some two, three countries we are expecting business. One is Australia, the other one is Seychelles. Seychelles government wanted to do some hospital work, construction and one island development. So discussion is going on at the earliest. I think we’re going to sign a MOE with SICIL government and Australia government also we are doing some discussions. So apart from that NBCC recently purchased one land parcel at Dubai. You might aware of this. So there also we are going to get some good profit margin. Just for trial basis we have purchased small land parcel. So we wanted to expand our business in Dubai also.
Unidentified Participant
Okay. So all the order book execution will pick up pace. It means it will pick up grow exponentially from the 27, 27, 2028.
K. P. Mahadevaswamy — Chairman & Managing Director
Yes, definitely. Definitely. These two are our work order. This not two, three. We’re going to start super tech also next year. Already consultant appointed. Now we have to get the clearance exemption so finally we’ll try to pass the tender of the contractors. It will be around 10,000 crores. Top line and sale value will be 15,000 cr Mahaprit and JNK and we will going to call the tender of Rajasthan Mandapam one more project State government project Rajasthan Mandapam that is also around 4000cr projects that tender. I think we will go into call by March. So lot of work in pipeline definitely next year.
And our main focus is to convert the order book to execution. That is our priority that we are working and it is going to happen at the earliest.
Unidentified Participant
Happy to hear that. Because of COVID this company has got huge pendency in the execution. But after your appointment we have seen a sustainable and very exponential growth in the order book execution and hope the team NBCC team does it make it possible? Thank you very much.
K. P. Mahadevaswamy — Chairman & Managing Director
Thank you. Thank you.
operator
The next question comes from Kriti Jain from Ratna Valley Securities. Please go ahead. Hi sir.
Kriti Jain — Analyst
So I had a question that what will be the size for the Maharashtra port orders?
K. P. Mahadevaswamy — Chairman & Managing Director
Mumbai Fortress.
Kriti Jain — Analyst
Yeah.
K. P. Mahadevaswamy — Chairman & Managing Director
Mumbai portrait. Ah. We are going to start the work next year onwards it will be converted and it will be started Already we are doing master plan and that it will be big garden. Currently that CGO complex that’s only first we are taking on priority because Mumbai Port Trust is having almost 300 acre land. So first of all we are going to start CGO contract. So that is done for around 10,000 CRO value for infrastructure and development. And if you start construction it will be. It will be a big value. Currently it to assess the exact value.
So we are preparing master plan and all it is a big order I can say.
Kriti Jain — Analyst
Okay sir and one more question. That one. Yeah. So Hudco had recently signed an MoU with Chhattisgarh government to provide financial assistance of 1 lakh crores in the next five years. Can we expect some of it to come towards NBCC as well?
K. P. Mahadevaswamy — Chairman & Managing Director
Yes it is discussion is going on. It is good. Even Jharkhand J after successful story of Rajatan Mandapam and JNK now we are talking with various other state governments. So one of them and Jarkand. Jarkand at the earliest he will going to sign a mo. It is great discussion is going on. So definitely I think even Andhra. Andhra Pradesh also some discussions is going on. So this redevelopment model of Delhi that Motiba Kidway Nagar and Savant World Trade center same model we wanted to expand to state government so that state government could not invest any money.
Initially we need some seed money that can be taken from Madco. So afterwards they will going to get in terms of area they are going to get 4 times X suppose extensive area they are going to get four times a day and in terms of number minimum two times and without incurring any money. And maintenance will be free for 2030 years we will do maintenance. So this is the one of the best project redevelopment better than PPP model because in PPP mode. So it is better than PPP model because where in PPP model people want some profit margin of 30 40% in this case that whatever profit that will go to directly the concerned owner or in this case state government or central government whoever may be.
We are charging our PMC fee. So this model we are briefing to all the state government I think hopefully because they have very good land parcel in the heart of the city and are even townships. So we are trying to expand this business to even PSUs also public sector undertaking also having huge land parcel. Hopefully it will convert in the next coming years.
Kriti Jain — Analyst
Okay, so one last question. Government and the budget had recently said that they will monetize certain land such as the MTNL BSNL building through REITs. Is it not negative for NBCC?
K. P. Mahadevaswamy — Chairman & Managing Director
No, no no no. We are also doing of course we have a lot of work order and a lot of opportunity we have. So there is no issue for us. So we have a good order book already we have secured we have to convert so that also we are doing and we are getting new business also.
Kriti Jain — Analyst
Oh yeah, thank you.
operator
The next question comes from Vasudev from Nuvama. Please go ahead.
Unidentified Participant
Yeah, thank you for the opportunity sir. So while most of the questions are answered I just need a few numbers. So out of this total about 12,700 crores of consolidated order book that we have what would be a rough split between the PMC and the redevelopment. And out of this how much of the projects like in value terms is currently work is ongoing?
K. P. Mahadevaswamy — Chairman & Managing Director
In terms of other PMC 40% around 45,000 core and 60% redevelopment means 67,000 crores. So consolidated order book is one 26,000.
Unidentified Participant
Okay and out of this how much of the work is still ongoing? Currently the works are ongoing.
K. P. Mahadevaswamy — Chairman & Managing Director
Currently ongoing is around For NBCC standalone 26,000 crore HSCL 23 oh HSCC 2072 crores and NHL around 250 crore. So total 30,500 is ongoing.
Unidentified Participant
Okay answer. In terms of profitability you said about 700 to 800 crores of pad for this year. So what kind of Revenues are we targeting now And EBITDA margins for this year and the next year.
K. P. Mahadevaswamy — Chairman & Managing Director
Turnover will be around 14,000 cr. As earlier we have committed EBITDA will be 5 to 6% and PAT will be 6 to 7%.
Unidentified Participant
Okay. And in terms of order and close as well like we’ve already got about 13,400 crores. So how much more do we expect in fourth quarter?
K. P. Mahadevaswamy — Chairman & Managing Director
We are expecting one big quarter not one or two. So definitely around 3,400 crores. We are going to get in this month only. So last time only we are committed minimum around 20,000 cr during this year. Minimum we may get more also.
Unidentified Participant
Okay.
K. P. Mahadevaswamy — Chairman & Managing Director
Yeah. If you get redevelopment of Delhi project it will be around 3040000 cr.
Unidentified Participant
Okay.
K. P. Mahadevaswamy — Chairman & Managing Director
Otherwise it will come to our city next year. Next year. If not this year, next year definitely it will come to our kitty.
Unidentified Participant
Okay. Got it. So then next year again we are targeting a similar kind of order inflows. 20,000 crores more.
K. P. Mahadevaswamy — Chairman & Managing Director
More. Definitely next year more.
Unidentified Participant
Got it sir. And now in terms of our seven GPRA societies like you know how much is our pending order book in Sarojini Nagar and Netaji Nagar. And when do we expect to complete both of these projects?
K. P. Mahadevaswamy — Chairman & Managing Director
Both this project next two years. Within two years will to complete this entire 7 GPRA. Because we have awarded all the packages 7 GP NET recently we have awarded in the during the month of February. So the completion period is two years. So within two years this 7 HP will going to wind up.
Unidentified Participant
Okay. So now pending order book would be how much?
K. P. Mahadevaswamy — Chairman & Managing Director
Around 4,000 C in Sarojinagar. 1,400. 1,600 in Nagar. Okay. Altogether.
Unidentified Participant
Right sir. And even same numbers can you give for Amrapali as well. Like you know how much out of the total units how much have you already sold? And when do we expect to complete this project?
K. P. Mahadevaswamy — Chairman & Managing Director
This also two year project. We keep the completion period for two years almost. We have already sold 5800 units in phase two. I am talking about phase two. Phase one. Out of 38,000 we have completed almost 36,000. Only 2000 is left that we going to complete by June. June 26th. We going to complete the entire phase one of Abdakalli. Phase two. Almost 5800 unit sold around 4000 unit. Sorry. 2400 unit unsold. That we are doing action for bulk sale in the process of bulk.
Unidentified Participant
Okay.
K. P. Mahadevaswamy — Chairman & Managing Director
Hello.
Unidentified Participant
Yes. Yes sir. You are audible. And sir, finally in terms of our own real estate that we have. So like you know what is that we’ve sold in the nine months. And our target like the pre sales target for the full year.
K. P. Mahadevaswamy — Chairman & Managing Director
Nine months. We have recognized the revenue of approximately 56,053. 6 crore. And for quarter we recognize the revenue of 26 crore. And it consists of two dimensions. One is the outlet sale of the. Built of rupees rent also. Because we have started our revenue stream from rental also and is being depicted under real estate.
Unidentified Participant
Okay. So any. Any targets for full year.
K. P. Mahadevaswamy — Chairman & Managing Director
Target that. The rental will be in the same facility approximately 15,015 crore rental. And that Kochi we talk about this coaching. It is 6 crore rupees appearing in our balance sheet that we are planning to dispose it off maybe in this quarter. So if you take on together to my revenue for the whole year maybe in the receipt of 140 crore.
Unidentified Participant
140 cross. Okay. Sure sir. And lastly sir, you just mentioned about you know having a project in Dubai. So you. We just bought a small land parcel. So you know any color you can give. Like you know what is the size, the location and know what kind of GDP are we expecting from there and when do we expect to launch the project.
K. P. Mahadevaswamy — Chairman & Managing Director
The location of the plot is Dubai International City. And that plot is having approximately 14,760 square feet area. And GFU will be around 52,000 square feet. And we are planning to launch it shortly maybe another next month itself. I am talking about Dubai project. So I was telling that land built up area will be around 52,000 year. And we are expected to launch it shortly maybe. Yeah. In Dubai. We are expected to launch it shortly maybe in the March itself. We have already got the developer license and we are expecting a top line of approximately 165cr from that project. And we’re expecting a timeline of two year.
Unidentified Participant
Okay, sure. Hello. Yeah, got it sir. And just one last thing. If you can give your consolidated cash account balance for as on the December end.
K. P. Mahadevaswamy — Chairman & Managing Director
Yeah, my consolidated cash account balance is approximately that is 939.
Unidentified Participant
Yeah. Number was somewhere around 5000 crores in the last quarter. So that comparable number can you give for December 5000.
K. P. Mahadevaswamy — Chairman & Managing Director
You are talking about the total cash on our balance sheet. That includes the cash of the clients. Because we do a lot of work on behalf of clients. So I am talking about the our own cash. So our own cash is in the receivable of 9:39 on console basis and on the standard basis it is 244 cross.
Unidentified Participant
And the balance sheet cash, can you give that number as well?
K. P. Mahadevaswamy — Chairman & Managing Director
Balance sheet cash is Approximately. You add 1900 into 44. 2175. You can say 2175 is a total cash bank balance which includes the balance from the client also.
Unidentified Participant
Okay. Yeah, got it. That’s it. From my side. Thank you.
operator
The next question comes from Ashwini Damani from Ratnabali Securities. Please go ahead.
Ashwini Damani — Analyst
Congratulations for your good numbers, sir. Just wanted to understand from a larger point. So today India has a lot of. Assets with various government agencies. The PSNL building and PNL building. And again this budget the government has said that they want to monetize a lot of it. So how much of it could come to nbcc and what are our plans?
K. P. Mahadevaswamy — Chairman & Managing Director
We already signing MO with BSNL and that is MTNL in redevelopment of Delhi to land parcel. So similarly we are. We are talking with dda. So so many places also we are talking example bhl. I think next year onwards this will also come to our kitty. Depression is going on. So because it is a win win situation even the PSU state government. The state government also gets some revenue on this. So we are discussing. I think next year onwards it will come close where hopefully we’re going to get good number of on this. Sure.
Ashwini Damani — Analyst
And so how is it done? There is another government body called pwd. So how does the government decide which orders to give to PWD and which. To give to npcc?
K. P. Mahadevaswamy — Chairman & Managing Director
I am talking about cbd. So we are getting redevelopment of Delhi projects. We got three land parcel that is. And they got Sinwas, Puri, Katur Nagar, Kraj Nagar and one more Mamadbury. So similarly now we’re going to develop another five colonies. So the one is Daz, Andrew Ryan, the Lodi colony and all. So some will go to PWD and some will get the nbcc. Majority of order will come from. Thank you.
Ashwini Damani — Analyst
Thank you sir.
operator
The next question comes from Dixit Doshi from Whitestone Financial Advisors Ltd. Please go ahead.
Dixit Doshi — Analyst
Yeah. Thanks for the opportunity again. So I. I have a question regarding this Delhi redevelopment project. So you are saying that if it comes then it could be 30 to 40,000 crore of order work. So let’s say even if it doesn’t come this year but let’s say comes Q1 of the next year then how much time does it take to start the work? Around a year or.
K. P. Mahadevaswamy — Chairman & Managing Director
For startup work. We are already making the preparation, preparatory work and all. So it is going on and so we are in the process. Six months to eight months we can start the project and the project duration will be three to four years.
Dixit Doshi — Analyst
Okay. Six to eight months. So if it comes, let’s say by Q1 then FY28 we will start seeing the revenue from those projects as well.
K. P. Mahadevaswamy — Chairman & Managing Director
Yes, definitely. Definitely.
Dixit Doshi — Analyst
Okay. And any update on land parcels in Mumbai? I think you were in discussion with some of the PHQs.
K. P. Mahadevaswamy — Chairman & Managing Director
Discussion is going on so we are discussing. I think the next year it will go into mature.
Dixit Doshi — Analyst
Okay fine. hat’s it. From my side. Thank you.
operator
The next question comes from Ravi Naredi from Nareri investment. Please go ahead.
Ravi Naredi — Analyst
Thank you very much again Sir. Financial year 28 Bottom line you are predicting 2000 crore. While in my earlier question you told Githorni and Gurugram 37D gives us 4,000 to 5,000 crore net profit. So why the difference is a big figure? Because in 2728 we will finish Netaji Nagar. 4000 crore. 1500 crores. 10,000 crore Mumbai Porters to will start Rajasthan Mantapam. We will start. Jnk we will start. So what? What is your prediction exactly? Exactly or realistic for financial year 28. Top line and bottom line.
K. P. Mahadevaswamy — Chairman & Managing Director
One thing I’ll tell you. In PMT projects we going to get the top line SLS bottom line immediately. Whereas real estate project. My turnover and my bottom line will come after position position of the property. So there we are doing conservative figure. It may increase But I’m not selling only 2,000. Conservative of 2,000. I’m saying but once G and as well as that 3070 position is over then will be something else. Other it will be twice of this number. But 29 definitely this figure will be almost double. Because the determin property whenever you going to end it over to the respective buyers.
Then only I can book the bottom line as well as top line. That is the constraint. That’s all. Nothing else. Still I’m confident we are going to achieve only thing. When you’re going to hand it over the patient. Because you have to give lot of approvals and transactions sales.
Ravi Naredi — Analyst
Very well said and understand. So this G for me and. Gurugram. 37D along with this Netaji Nagar, Sarojni Nagar, Rajasthan Mandapam JNK Mumbai Porters. We either we receive in financial year 28 or financial year 29. Is it correct?
K. P. Mahadevaswamy — Chairman & Managing Director
This largest amount. Definitely it will come. Will come. I am talking about only my real estate project. That is Gitone and 37D that only position. It depends on position. You have to hand it over to the respective buyers. Then only you can book your turnover and profit.
Ravi Naredi — Analyst
Definitely.
K. P. Mahadevaswamy — Chairman & Managing Director
Cash will come immediately as and then sales start. It will come and turnover party as well. As bottom line only we are doubtful. That’s all that I can assure you in the next phone call. Next where I can confirm you when we are going to get the exact figure. Oh, okay. I am predicting that. Okay.
Ravi Naredi — Analyst
Okay. Okay. Okay. Thank you. Thank you. Thank you.
operator
The next question comes from. From Smarts and Capital Private limited. Please go ahead.
Unidentified Participant
Yeah. Hi sir. Just a follow up. So sir, if I recall correctly this Bombay Port Trust you mentioned that we are doing work of about 10,500 crore. Now is this been included in the order book? Because you sent out a press release to the exchanges in November saying that you’ve just signed an MoU with Bombay portrait. So sir, is this sent on pioneer part of the order book today? Firstly and so my question is on the last port. I’m sorry.
K. P. Mahadevaswamy — Chairman & Managing Director
No, no. It is not included in our order book. That is to me only the value is ascertaining. Once value will be ascertained then we’ll announce to you.
Unidentified Participant
Okay. Just to understand correctly. So this 1 lakh 26,000 crore does not include 10,500 crore of Bombay portrait. So if you include it the time becomes one like 37,000.
K. P. Mahadevaswamy — Chairman & Managing Director
That is right. Definitely. Okay. Okay.
Unidentified Participant
Secondly my question is on this Nagpur, you know which we were doing of you know where we also announced a project in Nagpur. And you know in fact even our financing arm, you know even they announced something and they announced something of you know nearly to 13,14,000 crore. Okay. And if I recall correctly our is very small, you know about 3,4000. But if I look at the press release, you know it is a huge project. Because it is spread over 1,000 acres or 1,400 acres. So sir, if you can just talk I mean a little bit about this Nagpur project as well. You know how big is the opportunity. And you know how exactly you know this will be developed over what course of time. Because I mean if you. I mean the press release clearly says it’s a very very big project for us. So if you can just talk a bit about it sir.
K. P. Mahadevaswamy — Chairman & Managing Director
New Nakpur. And it is they will going to do on some express highway Bombay Nakur, Bombay Expressway. They will going to acquire 1750 acre land in out of which thousand hectare. First they will going to redevelop in three phases. Phase one, phase two. Phase three for acquisition of land article is giving full amount. Whereas we have considered business for only phase one around 3500cr. That’s all the value will be more than 10,000 or 13,000. Because once the land has to be acquired immediately. Otherwise future of land will be very difficult. They are acquiring land. But the construction will be start in three phases.
Phase one. Phase two. Phase three per thousand hectare acre. Sorry. Acre. And another 700 they are keeping for future expansion.
Unidentified Participant
Yes, I. I got it. So. So this 3,000 crore is a very, very small number if you look at the entire scheme of things. Right. Because if you’re saying that it’s going to be thousand acres in the first place. So sir, I mean if you can just help understand. I mean how big could be the size of this project as well? Because it seems to be a very big project, right?
K. P. Mahadevaswamy — Chairman & Managing Director
Yes. So what we are doing what we are thinking. It is just like GT so we going to be first of all infrastructure development that cost about 10,000 year. Infrastructure only suppose if you start the construction of these projects it will be multiples of thousands. I can say in terms of lag. It may be lag. So currently we are doing only phase one work. That is a small amount. It is just like a peanut. I can say.
Unidentified Participant
Okay.
K. P. Mahadevaswamy — Chairman & Managing Director
Presently we are focusing only this one. Got it.
Unidentified Participant
Got it. Got it, sir. Great. Anyway, your intuitive, you know, highlight has been very, very, you know, helpful. And I’m sure sir, you will take this company to fantastic heights. So good luck, sir. God bless you and. And wish you all. You and your team all the very best for the future.
K. P. Mahadevaswamy — Chairman & Managing Director
Sir. Thank you. Thank you for the first and reliable honors. Thank you.
Unidentified Participant
Thank you.
operator
The next question comes from Pankaj Kumar from Kotak Securities. Please go ahead.
Pankaj Kumar — Analyst
Thanks for taking the question. Sir. You said roughly 12,000 crore of project. That you are looking to award in. The current financial year on a console basis. So what is the standalone number and what are the targets for FY27 on console and standard basis use?
K. P. Mahadevaswamy — Chairman & Managing Director
You asking about tender awarding?
K. P. Mahadevaswamy — Chairman & Managing Director
Tender awarding.
Pankaj Kumar — Analyst
Yeah, yeah, yeah, yeah.
K. P. Mahadevaswamy — Chairman & Managing Director
8,600 to 9,000 cr during this.
Pankaj Kumar — Analyst
And. Yeah, yeah.
K. P. Mahadevaswamy — Chairman & Managing Director
Next year I think minimum 20,004 we’re going to avoid because super tech, even JNK. So lot many projects are there. It will be. It will be more than 20,000 PR. We’re going to award next year new packages of redevelopment.
Pankaj Kumar — Analyst
So you said roughly 40,000 crore plus 10,000 crore of the. So total 50,000 crore project will be in the construction phase in next financial year. In addition to the. Okay, okay. In terms of execution, if you look at Q3 we have seen again there is a slowdown. So what are the key reasons behind that and how do you see Q4 in terms of execution? Yes sir. On standstill How? Yes.
K. P. Mahadevaswamy — Chairman & Managing Director
So around 4,000, 3,000 Cr means standalone. We’re going to achieve another 4,000 to 4,500 Cr in the fourth quarter.
Pankaj Kumar — Analyst
And what is expected execution in third quarter?
K. P. Mahadevaswamy — Chairman & Managing Director
What is the second?
Pankaj Kumar — Analyst
What has impacted the execution? Construction.
K. P. Mahadevaswamy — Chairman & Managing Director
Due to graph. I told you now the Delhi government this year due to the pollution and all they banned the construction of 7G payroll. And as well as even project and some more projects like university. We are doing iit, we are doing ames. We are doing lot of work we are doing in Delhi and here. So due to solution the gap has been imposed for the two months. November, December, even even some part of January also. This time it was very stringent. So they stopped the concession. That’s why we could not achieve much more turnover in quarter three.
But next quarter is a good working season we can do. That’s why we can achieve the target also. Okay. Okay.
Pankaj Kumar — Analyst
Thank you.
K. P. Mahadevaswamy — Chairman & Managing Director
Thank you.
Pankaj Kumar — Analyst
Thank you. Thank you so much.
operator
The next question comes from Anjali Bajaj, an individual investor. Please go ahead.
K. P. Mahadevaswamy — Chairman & Managing Director
Hello.
Unidentified Participant
Thank you for giving me opportunity. Sir, my question is what will be the source of fund for a super tech project Execution. Internal actorial bank financing. A support from any specific agency. How much big opportunity we are seeing in super tech or how many years do you expect this project to be exhibited and revenue to be recognized.
K. P. Mahadevaswamy — Chairman & Managing Director
The top line will be around 10,000 cr. The bottom line will be around 800 to 900 cr. We may get the profit and the completion period is 12 to 36 months. Because almost few projects, not almost few projects raging virtue of completion. So that we can complete within 12 months. Green projects we need at least 36 months. So that’s why given the UN Supreme Court also the affitavit we are going to complete in three cases starting with one year. Some projects we can complete in within one year. Some projects two years. And green building projects three years.
That use of funding actually around 10,000 and unsold inventories are available. We’ll go to sell initially some cheeseman is required. I think we can that IRP is going to take a loan from the banks. So it is in the process of getting loans from banks.
Unidentified Participant
Okay. Okay sir. Thank you.
K. P. Mahadevaswamy — Chairman & Managing Director
Thank you. Thank you. Ma’. Am.
operator
The next question comes from Akshay Patel from nbcc. Please go ahead. Hello.
Unidentified Participant
Hello.
K. P. Mahadevaswamy — Chairman & Managing Director
Hello.
Unidentified Participant
Sir, for this financial year what pat you are expecting? Even if some exceptional items. If you include in the coming quarter inspector of everything, what part are you expecting for this financial year? Okay. 700 to 800 crore. Okay sir. And one more thing when for the next financial year. We have seen that the Delhi Air Pollution control has been continuously impacting the revenues and profitability of NBCC in the third quarter. So what steps are you taking so that in in the future it doesn’t impact the revenue and the profitability much in that quarter? Because the third and fourth quarter are the mostly the most of the work is done in the third and fourth quarter. Are you planning to shift something more work in the first or in second quarter? Is it possible or any other measures? If you are taking please enlighten us on that.
K. P. Mahadevaswamy — Chairman & Managing Director
Definitely. We recently awarded around 3,000 to 4,000 cr work so that will going to start immediately. Now our main idea is first to second quarter we will push as many as per nowhere. And of course we are taking all the precautions so to mitigate the pollution. So water sprinkler, everything we are doing. Unfortunately this time it was very stringent and lack of rain also they also Delhi governments also tried to put some artificial rain but it failed. So let us see next year I think even one or two rains can reduce our pollution and all.
Let us see.
Unidentified Participant
Okay sir. I hope the management thinks on this.
K. P. Mahadevaswamy — Chairman & Managing Director
And one more thing. We have changed the technology also we are using ion shattering where that is minimum and pre cut technology also we are using. Hopefully we are changing the technology and so there may be artificial.
Unidentified Participant
Thank you sir.
operator
There are no questions. Now I hand over the floor to the chairman of nvcc, CKP Mahadeva Swami. Thank you sir. For any further query please contact Mr. Balakishan Singla Investor Relations NBCC Ladies and gentlemen, this concludes your conference for today. Thank you for your participation. You may disconnect your lines now. Thank you and have a pleasant day. Sa.