Incorporated in 1978, NCC Limited undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
-
Order Book: ₹70,087 crores as of June 2025, up 33% YoY; secured new orders of ₹3,658 crores this quarter.
-
Consolidated Revenue: ₹5,179 crores, down 6.3% YoY (Q1 FY25: ₹5,558 crores).
-
Standalone Revenue: ₹4,430 crores, down 6.7% YoY (Q1 FY25: ₹4,747 crores).
-
EBITDA: ₹456.1 crores, down 4.3% YoY (Q1 FY25: ₹477.7 crores); margin improved to 8.8% vs 8.6% last year.
-
Profit After Tax (PAT): ₹205 crores, down 8.07% YoY (Q1 FY25: ₹209.9 crores); margin at 3.69% versus 3.8% prior year.
-
EPS: ₹3.06 versus ₹3.20 last year.
-
Net Debt: ₹1,574 crores, up from ₹695 crores at Q4 FY25 end; debt/equity ratio at 0.21 (remains healthy for sector).
-
Working Capital & Receivables: Working capital at ₹5,314 crores (30% of turnover); outstanding debtors ₹3,296 crores (77 days), unbilled revenue ₹6,442 crores (37% of total revenue).
-
Capex: ₹92 crores in Q1, versus annual budget of ₹750 crores.
-
ROCE / Return on Net Worth: ROCE 12.62%; return on net worth 13.14%.
Key Management Commentary & Strategic Highlights
-
Robust order book growth (up 33% YoY), bolstered by a 797% YoY surge in new order inflows, providing strong visibility for the next 2.5–3 years and supporting long-term growth ambitions.
-
Most new orders are in the buildings segment, reflecting market leadership and project execution strength.
-
Management maintains FY26 EBITDA margin guidance of 9–9.25%, seeing Q1 as a temporary dip with expectations of margin expansion as execution and revenue pick up.
-
Debt rise is explained as cyclical and expected to normalize by year-end (management guides to ₹1,400–1,500 crores); focus remains on disciplined financial management and working capital control.
- No structural profitability concern noted; management confident in converting large backlog into future sales, aided by a strong L1 pipeline and ongoing project execution discipline.
Q4 FY25 Earnings Results
-
Consolidated Revenue: ₹6,131 crores.
-
PAT: ₹265 crores.
-
EPS: ₹4.04.
-
Net Debt: ₹695 crores.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,