{"id":158980,"date":"2024-02-20T09:52:25","date_gmt":"2024-02-20T14:52:25","guid":{"rendered":"https:\/\/44.250.171.167\/?p=158980"},"modified":"2024-02-20T09:52:26","modified_gmt":"2024-02-20T14:52:26","slug":"nbcc-india-ltd-q3-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-q3-fy24-earnings-conference-call-insights\/","title":{"rendered":"NBCC India Ltd Q3 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from NBCC India Ltd (NBCC) Q3 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Amrapali Project<\/strong>\n<ul>\n<li>NBCC contributed INR 1,170 crores to topline from Amrapali project.<\/li>\n<li>16,000 out of 38,000 housing units already completed and handover in process.<\/li>\n<li>Another 14,000 units will be ready by December 2024.<\/li>\n<li>NBCC and ASPIRE team achieved sale of 6,000 units worth INR 3,500 crores.<\/li>\n<li>Pending order book from Amrapali is around INR 2,000 crores.<\/li>\n<li>NBCC expects to get additional orders worth INR 8,000-9,000 crores for FAR.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Redevelopment Projects<\/strong>\n<ul>\n<li>Secured INR 10,000 crores business in last 9 months vs INR 6,500 crores last year.<\/li>\n<li>Nauroji Nagar World Trade Center 93% completed.<\/li>\n<li>Netaji Nagar project (INR 1,500 crores) 48% completed.<\/li>\n<li>Sarojini Nagar project (INR 4,200 crores) in 8 phases ongoing.<\/li>\n<\/ul>\n<\/li>\n<li><strong>NBCC Real Estate<\/strong>\n<ul>\n<li>Dedicated efforts to reach maximum potential buyers.<\/li>\n<li>Sold INR 117 crores in 9 months vs INR 37 crores last year.<\/li>\n<li>Remaining units to be sold before March 2024 after construction.<\/li>\n<\/ul>\n<\/li>\n<li><strong>New Project Tenders and Future Opportunities<\/strong>\n<ul>\n<li>Around INR 6,800 crores worth new projects awarded in current fiscal year.<\/li>\n<li>Projects will start soon and increase turnover.<\/li>\n<li>Exploring affordable housing opportunities with government agencies.<\/li>\n<li>Examining feasibility of land monetization projects, including PSU land parcels.<\/li>\n<li>Eyeing stressed real estate projects leveraging Amrapali experience.<\/li>\n<li>Focused on overseas markets like Africa, Maldives, Mauritius and Middle East.<\/li>\n<li>Diversifying into metro railways projects.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Revenue Guidance<\/strong>\n<ul>\n<li>For FY24, NBCC expects to achieve revenue between INR 10,500 &#8211; 11,000 crores.<\/li>\n<li>For FY25, the revenue guidance is around INR 13,000 crores.<\/li>\n<li>NBCC had earlier guided for INR 25,000 crores revenue over the next 5 years.<\/li>\n<li>Lighting and UPVC windows\/doors doubling and in expansion mode.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Order Inflows<\/strong>\n<ul>\n<li>Order inflows for 9M FY24 stood at INR 10,000 crores.<\/li>\n<li>Expecting another INR 10,000 crores of order inflows in Q4 FY24.<\/li>\n<li>For FY25, targeting order inflows of INR 20,000 crores on consolidated basis.<\/li>\n<li>On standalone basis, FY25 order inflow target is INR 15,000 &#8211; 16,000 crores.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Order Book<\/strong>\n<ul>\n<li>Consolidated order book as of 9M FY24 is INR 55,300 crores.<\/li>\n<li>Standalone order book is INR 45,230 crores.<\/li>\n<li>Out of total order book, projects worth INR 21,000 crores have already been awarded.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Real Estate Project Economics<\/strong>\n<ul>\n<li>For Jaipur land parcels, expected sales realization is INR 400-500 cr.<\/li>\n<li>For Coimbatore land parcel, expected sales is around INR 500 crores.<\/li>\n<li>NBCC expects profit margins of 25-30% on these real estate projects.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Diversification<\/strong>\n<ul>\n<li>NBCC has already secured a Kochi Water Metro project.<\/li>\n<li>Actively pursuing opportunities in metro rail projects across India.<\/li>\n<li>Recently bagged orders worth INR 300-400 cr in the steel sector.<\/li>\n<\/ul>\n<\/li>\n<li><strong>International Expansion<\/strong>\n<ul>\n<li>Current international order book is around INR 1,500-2,000 crores.<\/li>\n<li>Expanding presence in Gulf region with new office in Jeddah, Saudi Arabia in addition to Dubai.<\/li>\n<li>Targeting housing projects in Saudi Arabia, Bahrain, Sharjah etc.<\/li>\n<li>Pursuing hospital project in Guinea, Conakry and exploring opportunities in other African nations.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Revenue Growth Roadmap<\/strong>\n<ul>\n<li>NBCC targets INR 25,000 cr revenue by FY28, with 40-45% contribution from redevelopment projects.<\/li>\n<li>Management sees limited risks in achieving this target as most projects are on PMC basis.<\/li>\n<li>Key challenges expected are related to approvals and execution rather than business risks..<\/li>\n<\/ul>\n<\/li>\n<li><strong>Outlook<\/strong>\n<ul>\n<li>NBCC expects margin expansion in the long run as expenditure is largely fixed.<\/li>\n<li>Targets 8-9% EBITDA margin by FY28 once revenue crosses INR 5,500 cr breakeven level.<\/li>\n<li>Current annual fixed cost is around INR 300 crores.<\/li>\n<li>For FY25, NBCC targets INR 200-250 crores of real estate sales.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from NBCC India Ltd (NBCC) Q3 FY24 Earnings Concall Amrapali Project NBCC contributed INR 1,170 crores to topline from Amrapali project. 16,000 out of 38,000 housing units already completed and handover in process. Another 14,000 units will be ready by December 2024. NBCC and ASPIRE team achieved sale of 6,000 units worth INR [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[10169,9377],"class_list":["post-158980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-residential-construction"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":137066,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":158980,"position":0},"title":"NBCC India Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 22, 2022","format":false,"excerpt":"https:\/\/youtu.be\/5e_TXHDRWmU Key highlights from NBCC India Ltd (NBCC) Q2 FY23 Earnings Concall \u00a0Q&A Highlights: [00:11:23] Rohit Natarajan of Antique Stock Broking asked about the NBCC Plaza Pushpavihar project and its payment related issue. B.K. Sokhey Director of Finance said that there was a demand from South Delhi Municipal Corp. for\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142552,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-limited-q3fy23-earnings-story\/","url_meta":{"origin":158980,"position":1},"title":"NBCC India Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 22, 2023","format":false,"excerpt":"NBCC (India) Limited comes\u00a0 under the Ministry of Housing and Urban Affairs and is a Navratna Enterprise of the Government of India. The company\u2019s operations spread over three primary segments- Engineering Procurement & Construction, Real Estate, and Project Management Consultancy. Financial Results: The company posted a standalone net profit of\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1400590931.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1400590931.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1400590931.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1400590931.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":133736,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":158980,"position":2},"title":"NBCC India Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"September 6, 2022","format":false,"excerpt":"https:\/\/youtu.be\/PUeCUiW214Y Key highlights from NBCC India Ltd (NBCC) Q1 FY23 Earnings Concall Q&A Highlights: Rohit Natarajan with Antique Stock asked that on the 3.5% reported EBITDA margin, if there is any provision write-back or any fresh provision made. P. K. Gupta MD said write-back is INR4 crores, which is reversal\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175073,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-nbcc-q2-2025-earnings-call-transcript\/","url_meta":{"origin":158980,"position":3},"title":"NBCC India Ltd (NBCC) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"NBCC India Ltd (NSE: NBCC) Q2 2025 Earnings Call dated Nov. 14, 2024 Corporate Participants: K. P. Mahadevaswamy \u2014 Chairman & Managing Director Unidentified Speaker Anjeev Kumar Jain \u2014 Director, Finance Suman Kumar \u2014 Director, Commercial Analysts: Ankita Shah \u2014 Analyst Vasudev Ganatra \u2014 Analyst Pankaj Kumar Skyone Shivam Presentation:\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175072,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-nbcc-q3-2025-earnings-call-transcript\/","url_meta":{"origin":158980,"position":4},"title":"NBCC India Ltd (NBCC) Q3 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"NBCC India Ltd (NSE: NBCC) Q3 2025 Earnings Call dated Feb. 13, 2025 Corporate Participants: K.P. Mahadevaswamy \u2014 Chairman & Managing Director Anjeev Jain \u2014 Chief Financial Officer Suman Kumar \u2014 Director, Commercial Unidentified Speaker Analysts: Nidhi Shah \u2014 Analyst Dixit Doshi \u2014 Analyst Unidentified Participant Sumeet Rohra \u2014 Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148283,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-nbcc-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":158980,"position":5},"title":"NBCC India Ltd (NBCC) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 31, 2023","format":false,"excerpt":"NBCC India Ltd (NSE: NBCC) Q4 FY23 Earnings Concall dated May. 31, 2023 Corporate Participants: P.K. Gupta -- Chairman-Cum-Managing Director Analysts: Priyankar Biswas -- Nomura -- Analyst Rohit Natarajan -- Antique Stock Broking -- Analyst Unidentified Speaker -- Nalin Shah -- NVS Brokerage -- Analyst Vasudev Ganatra -- Nuvama Wealth\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/158980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=158980"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/158980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=158980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=158980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=158980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}