{"id":175073,"date":"2026-01-22T12:27:57","date_gmt":"2026-01-22T17:27:57","guid":{"rendered":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-nbcc-q2-2025-earnings-call-transcript\/"},"modified":"2026-01-22T12:27:57","modified_gmt":"2026-01-22T17:27:57","slug":"nbcc-india-ltd-nbcc-q2-2025-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-nbcc-q2-2025-earnings-call-transcript\/","title":{"rendered":"NBCC India Ltd (NBCC) Q2 2025 Earnings Call Transcript"},"content":{"rendered":"

NBCC India Ltd (NSE: NBCC) Q2 2025 Earnings Call dated Nov. 14, 2024<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

K. P. Mahadevaswamy<\/strong> \u2014 Chairman & Managing Director<\/em><\/p>\n

Unidentified Speaker<\/strong><\/p>\n

Anjeev Kumar Jain<\/strong> \u2014 Director, Finance<\/em><\/p>\n

Suman Kumar<\/strong> \u2014 Director, Commercial<\/em><\/p>\n

Analysts:<\/h2>\n

Ankita Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Vasudev Ganatra<\/strong> \u2014 Analyst<\/em><\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Skyone<\/strong><\/p>\n

Shivam<\/strong><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day, and welcome to NBCC (India) Limited Q2 FY ’25 Earnings Conference Call hosted by Elara Securities Private Limited. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Ms. Ankita Shah from Elara Securities Private Limited. Thank you, and over to you, ma’am.<\/p>\n

Ankita ma’am?<\/p>\n

Ankita Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Hello, Yes. Am I audible?<\/p>\n

K. P. Mahadevaswamy<\/strong> \u2014 Chairman & Managing Director<\/em><\/p>\n

Yes, yes.<\/p>\n

Ankita Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Hi, welcome, everyone, to the NBCC (India) Limited 2Q FY ’25 earnings conference call. We are grateful for the opportunity. And we have with us the Management team represented by Shri K. P. Mahadevaswamy, Chairman cum Managing Director; Shri Saleem Ahmad, Director Projects; Dr. Suman Kumar, Director, Commercial; Shri Anjeev Kumar Jain, Director, Finance; and Mr. Balkishan Singla, Investor Relations Officer.<\/p>\n

We’ll start with opening remarks and then follow it up with the Q&A. Thank you, and over to the Management team.<\/p>\n

K. P. Mahadevaswamy<\/strong> \u2014 Chairman & Managing Director<\/em><\/p>\n

Good afternoon, everyone. On behalf of NBCC team, I extend a warm welcome to you and appreciate your presence in today’s earning call for second quarter ended 30 September 2024. I wholeheartedly welcome our new Director Finance, Shri Anjeev Kumar Jain. Now all functional directors of NBCC are on board to take Company to new heights.<\/p>\n

For quarter two, our stand-alone operations and execution, we have achieved a total operating income of INR1,865 crores, reflecting 15% year-on-year increase. Additionally, our PAT stands INR124 crores, making 45% year-on-year growth.<\/p>\n

For half year, we have achieved a total operating income of INR3,492 crores with 13% year-on-year increase and PAT stands INR210 crores, marking 42% year-on-year growth.<\/p>\n

For half year consolidated performance, NBCC has achieved total operating income of INR4,603 crores reflecting an 16% increase on year-on-year with INR232 crores PAT, marking 46% year-on-year growth.<\/p>\n

Major business updates. New projects secured during this quarter. NBCC has secured substantial amount of business in the first half of the year valued INR22,300 crores on a stand-alone basis and INR28,000 crores on a consolidated basis. This is one of the highest ever business secured in six months. To name a few important and large-scale projects, development of satellite township spread over 406 acres at Srinagar, J&K valuing of INR15,000 crores. First phase work Goa INR1,226 crores will encompass six projects in Goa, and we have partnered with Goa government, various other additional infrastructure works in future.<\/p>\n

Redevelopment of land parcel of MTNL INR1,600 crores, redevelopment of two land parcels in Jhansi INR700 crores. For above few projects, appointment of consultant is in final stage which will be followed by appointment of contractor for execution of the projects. HSCC AIIMS Darbhanga project which is valuing of INR1,260 crores, foundation stone laid by Honorable Prime Minister on 13\/11\/2024, that is yesterday. Test To Treat Arogya Yojana for Maharashtra construction workers welfare board, INR700 crores. Procurement of biomedical equipment for Pandit Deen Dayal Upadhayaya University at Karnal Haryana INR528 crores. In HSCC, new government medical college 420-bedded hospital at Parbhani, Maharashtra, INR404 crores.<\/p>\n

Update in Amrapali projects. In half yearly one, Amrapali project has contributed INR708 crores in the top line and the remaining will be contributed in next two quarters. Out of 38,000 housing units, 24,000 units are completed. Work on Amrapali Phase 2 project is going on fast track, tendering a valuing of INR8,400 crores for six projects are uploaded and will be awarded in upcoming months. And this will start contributing turnover in fourth quarter.<\/p>\n

Update on our redevelopment projects. In half yearly, GPRA project has contributed INR1,012 crores in top line, up by 45%. Nauroji Nagar project is on finishing stage, and we have already started handing over of the project and 100% sale is completed to generate the funds. Netaji Nagar, the first phase of project valued at INR1,450 crores is currently underway and 80% completed. Additionally, two more tenders were worth of INR2,000 crores are in pipeline for contractor appointments.<\/p>\n

Sarojini Nagar. This is a large project and works in more than two places worth of INR6,900 crores are going on, which are in different stages of execution. Received occupancy certificate that is type two quarteral [Phonetic] of 1,738 quarters it will be awarded to — alloted to government officers at the earliest.<\/p>\n

Major focus area of NBCC in upcoming months. Stalled real estate projects. [Indecipherable] Amrapali project experience and expertise, NBCC is examining feasibility few more steps in executing [Phonetic] projects in Delhi and NCR and Mumbai regions, where homebuyers is facing such big problems, primarily is expected to join in the stalled project list by this year-end.<\/p>\n

NBCC real estate sales, we are also focusing to increase the contribution of our real estate in both top line as well as bottom line. Land monetization. Government agencies, including PSU, have a lot of land parcels across India, which are not generating any revenue. Moreover, encroachment on such land parcels are cause great distress to the health checkers. NBCC has been accessing these opportunities and started feasibility of few land parcels across pan-India.<\/p>\n

Opportunities in hospital and education institutions. NBCC, along with our subsidiary like our buildings in India’s prime institution like AIIMS, IITs, NITs, IIMs, state and central government universities, and we are having more opportunity in this segment. After a successful journey of redevelopment business model, NBCC is also eyeing some large-sized projects in the segment in upcoming months, specifically in government colonies, redevelopment as a lot of colonies are in not good shape as these are very old built colonies. Diversification. Acquisition of underperforming public sector units with significant land assets.<\/p>\n

Thank you. Now the forum is open for the question-and-answers.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We will now begin the question and answer session. [Operator Instructions]<\/p>\n

We have our first question from the line of Ankita Shah from Elara Securities. Please go ahead.<\/p>\n

Ms. Ankita?<\/p>\n

Ankita Shah<\/strong><\/p>\n

Yes hi. Yes, yes, yes. Hello am I audible?<\/p>\n

Operator<\/strong><\/p>\n

Yes you are audible. Please go ahead.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Sir, what is the current order book status and given the order book status and the breakup between redevelopment and EPC and PMC projects?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Total order book in consolidated level, INR84,400 crores, out of which NBCC around INR70,413 crores, HSCL INR8,093 crores, HSCL INR5,915 crores and NSL INR200 crores. So this is our consolidated order book, INR84,400 crores, so out of which PNC around 55% and 45% in redevelopment, some 2%, 3% real estate and EPC.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Got it. Sir, our target for the full year that we had guided was around INR10,500 crores of revenue and bottom line of INR400 crores. Do we think we are on track for the same?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, definitely, definitely. We’ll going to achieve the top line around INR13,000 crores. Bottom line, it will be — already we have achieved INR265 crores PAT. So it will be more than that whatever your target we’re going to achieve more.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Got it. And sir, how is the — given first half had seen good inflows, how is the pipeline for the second half? And for the full year, what is the order inflow that we are targeting?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

So far during this year, we have secured more than INR28,000 crores at a consolidated level. So we are expecting a few more projects. During this year, we are going to achieve INR1 lakh crore order book, that is our target. So that will be easily — I think it is achievable. Another INR14,000 crores, we have to achieve — INR16,000 crores that we are going to get during this year itself.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Got it. And sir, what are the key projects that will contribute to revenues in FY ’26, next year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Next year? Next year, Amrapali, of course, Phase II, Amrapali redevelopment projects, the redevelopment of Srinagar also that is also going to contribute. And Goa government, state government. Kerala state government tender will be uploaded very shortly. So that is also going to mature. And some university works are there. So in Oil India, Northeast, we started Oil India work and border fencing work of Northeast region.<\/p>\n

So, so many other projects are there. These are all the major projects. And Maldives also we are getting some revenue regarding — outside, abroad, we can get some revenue from Maldives.<\/p>\n

Ankita Shah<\/strong><\/p>\n

So we can assume that 15% to 20% growth rate in execution can continue even in ’26 and ’27?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, definitely, definitely, at least 20%, we can — because the work — Amrapali work Phase 2 will be awarded by next month. So from next year — next first — last quarter, we’re going to get the revenue from Amrapali. And [Indecipherable] also will go into good start our commercial activities. So definitely.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Got it. Sir, one last from my end. In terms of margins, how do you think the margins should pan out over the next two to three years?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Currently, our EBITDA is — PAT margin is around 6% — 6.6%. So whatever we have committed 6% to 7%, definitely, we’re going to reach out that margin. And EBITDA, 5.5% to 6%.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Got it.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. [Operator Instructions] The next question is from the line of Vasudev from Nuvama.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Thank you for the opportunity and congratulations on a great set of numbers. So sir, out of this INR84,400 crores of consolidated order book, how much is currently under execution?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Currently only INR18,000 crores in execution at the NBCC level. Consolidated level, around INR22,000 crores.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay. And sir, how much worth of projects have been awarded in Q2? And what is the target for the full year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Already awarded around INR3,600 crore. But targets for this year-end, around INR14,000 crores will going to award. INR8,600 crores of Amrapali is on sale and another INR2,000 crores, INR3,000 crores work also in pipeline only. So during this year around INR15,000 crore work we’ll going to award.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay, sir. And for Nauroji Nagar, you said that you’ve sold it completely. So what is the total sales that we’ve done in this project?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Total sale value we got around INR14,000 crores in 25-acre land. By selling the commercial space, we generated INR14,000 crores.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay, sir. And in this quarter how much of real estate have been sold? And what is our target for the full year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Real estate during the half yearly, it’s still INR84 crore. So another INR100 crores to INR200 crores, we are targeting for this year.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay. So INR100 crores to INR200 crores in H2 or for the entire year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

In H2, I’m saying.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay. Sure, sir. And just last one from my side, what — how much is our seed money currently and pending interest on that?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

So seed money, we received from Nova. We have infused that seed money in Amrapali, around INR400 crores we have invested in Amrapali and interest, INR190 crores we have to receive from the ministry.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay. Sure sir that’s it from my side I’ll come back in the queue.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Than you. [Operator Instructions] We have our next question from the line of Pankaj Kumar from Kotak Securities.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Thank you sir. Just wanted to understand what value of contracts that we are targeting to award in next financial year both at consol and the stand-alone level?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Contract awarding?<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Yes. What value of contract awarding.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Around INR15,000 crore, INR15,000 crore worth we’re going to award.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

This is FY ’26 you are saying?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Next year. You’re saying next year?<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Yes, next year.[Speech Overlap]<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Around INR10,000 crores to INR15,000 crores. The Srinagar work will go into award and Goa, Srinagar, that Kerala housing boat, so MTNL. Around INR15,000 crores, INR10,000 crore to INR15,000 crore. [Speech Overlap] final stage. So next year, we’ll definitely award this work — we’re going to award.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

So we are going to see a [Indecipherable] awarding vis-a-vis this year may be a flattish kind of awarding in next year.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Pardon me?<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

So awarding will be similar to what we have in the current financial year [Speech Overlap]<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, yes.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

So this INR84,000 crores of order backlog that we are having as of now, what is the time line for execution?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Four to five years because redevelopment project, we have to generate ourselves money. So there, we need four to five years, whereas P&C only one and half year to two years, we can do.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

And sir, the second thing is the medical college projects would be booked under subsidiary or like under NBCC? Which all projects is booked in NBCC?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

AIIMS Darbhanga under the subsidiary, that is HSCC secured the AIIMS and some few medical colleges that Maharashtra, state government got by our — one of the other subsidiary that is HSCL. And AIIMS Bilaspur, we have Phase 1 successfully completed. Phase 2 work, we got, NBCC got around INR200 crores in AIIMS Bilaspur.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

And sir, you said you would be looking at more redevelopment projects, old government colonies, so which all those projects that we are looking and from which geography? Is it from NCR or some other part.?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

For next year, I think we’ll be focusing on Bihari, Chhattisgarh because all the state government have huge land parcel in the city area. Presently, we are doing the redevelopment in Delhi only. So we extended our arm to Jammu Kashmir, similarly Goa, Kerala Housing Boat. So same thing, UP also, we are focusing. So next year, I think with these two, three states, we’ll definitely going to get. And we are focusing on Tamil Nadu also, where discussion is going on with Tamil Nadu, Bihar government and Chhattisgarh government.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

And these would be of what size? Will it be very huge size that we have as of now or it will be [Speech Overlap]<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Almost, because they have huge land parcel. So INR10,000 crore to INR15,000 crore at least each government we can get, from each state government.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Okay. And sir, on this seven GTI [Phonetic] project, what is the value of outstanding projects that we have to award? Out of the INR25,000 crores is the total value, I believe.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yet to award. Around INR8,000 crores.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

It’s largely on the Nauroji Nagar?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

[Speech Overlap] Nauroji Nagar is completed. Nauroji Nagar there is no balance. So only Sarojini Nagar and Netaji Nagar.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Yes sir. Okay sir thank you.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. [Operator Instructions] We have our next question from the line of Skyone [Phonetic], a shareholder. Please go ahead.<\/p>\n

Skyone<\/strong><\/p>\n

Hello sir am I audible?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, yes. Please.<\/p>\n

Skyone<\/strong><\/p>\n

Yes. So I needed to know the progress and projected time line on the construction of border fencing along the Indo-Bangladesh border? And also, there was a INR31,000 crores fencing in India-Myanmar border. How much of the opportunity can you benefit from this order?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Recently, we got around INR440 crores work from Indo-Bangla border fencing. So future also, there will be a scope for us, this work initially eight, ten years back awarded to NPCC. So they have withdrawn from the NPCC and we got this work order. So we’re going to get a few more work order also from them.<\/p>\n

Skyone<\/strong><\/p>\n

Okay. And on the India-Myanmar border [Technical Issues] get some share?<\/p>\n

Unidentified Speaker<\/strong><\/p>\n

We are discussing with the ministry for India-Myanmar and Indo-Pak border also. So discussions are going on, and we are hopeful to get good chunk of work from them for both Indo-Pak and Indo-Myanmar.<\/p>\n

Skyone<\/strong><\/p>\n

Okay. Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. [Operator Instructions] We have our next question from the line of Pankaj Kumar from Kotak Securities.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Yes sir, thanks for the follow up. Sir, what is the total cash balance that NBCC is having on the stand-alone, its own cash as well as under construction.<\/p>\n

Anjeev Kumar Jain<\/strong><\/p>\n

Yes. I’m Director Finance. Stand-alone cash flow is INR723 crores as far as NBCC is concerned. And in consol level, it is INR600 crores as of 30\/9\/2024.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Okay. And on the real estate, what is the pipeline that we have? What is the total land bank and business development that we have for the next season?<\/p>\n

Anjeev Kumar Jain<\/strong><\/p>\n

Can you come again?<\/p>\n

Suman Kumar<\/strong><\/p>\n

Yes. I am Suman Kumar, Director Commercial. As of now, we have 55 acre of land located in different parts of the country. Major land chunk is Gaziabad, Gurgaon and Rajasthan, Jaipur. So in the coming — in this financial year we are going to award around INR800 crores.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

That is Jaipur and Coimbatore.<\/p>\n

Suman Kumar<\/strong><\/p>\n

Jaipur and Coimbatore<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Coimbatore already tender is finalized, so we’ll going to award that shortly.<\/p>\n

Suman Kumar<\/strong><\/p>\n

So altogether, minimum INR800 crore will be awarded in the real estate.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

So these are all real estate<\/p>\n

Suman Kumar<\/strong><\/p>\n

Yes, all real estate, yes.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Okay. So in terms of presales, how this would look like for the current year and the next one?<\/p>\n

Suman Kumar<\/strong><\/p>\n

In the next year, the figure will be even larger. It will be around INR2,000 crore.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

This should be through joint development we’ll be looking at or?<\/p>\n

Suman Kumar<\/strong><\/p>\n

No, NBCC alone applicate the all brand design and through out the tender, and it will be totally supervised by NBCC. And the sale will be also done by the NBCC marketing group.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Okay. So this land is all owned by NBCC?<\/p>\n

Suman Kumar<\/strong><\/p>\n

Yes, all owned by NBCC, right.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Our own land parcels.<\/p>\n

Suman Kumar<\/strong><\/p>\n

We have got the own land parcel of 55 acre allocated in different states of the India.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Okay. And sir, in terms of guidance, how we are looking at FY ’26 in terms of order inflows and revenue growth — revenue terms?<\/p>\n

Suman Kumar<\/strong><\/p>\n

Yes, yes. In the real estate sector, our revenue margin, net profit is around 20%, to 25%. And we are also interested to start a land chunk in Ghitorni which is in Delhi itself. It is around 32-acre land and it is very [Indecipherable] land, most probably drawing will be approved within three, four months. In next financial year, the contribution from real estate will be enhanced substantially.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

And sir, overall, in terms of NBCC consol level, what kind of revenue as well as NBCC standalone that you’re looking for next year and order inflows for the next? Any guidance on.<\/p>\n

Suman Kumar<\/strong><\/p>\n

In today, I think proceeds will be around INR300 crores to INR400 crores by March 2025. But in the next financial year this figure of realization, our profit will be more than INR1,000 crores.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

For the consol order inflow guidance for next year, FY ’26?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

INR1 lakh crore. Consolidated level next year by the year-end, we’re going to touch around INR1 lakh crore.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

And the revenue guidance for next year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Revenue, INR13,000 crores.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

That’s standalone, I think.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Next year, INR15,000 crores.<\/p>\n

Pankaj Kumar<\/strong><\/p>\n

Okay sir thank you.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you [Operator Instructions] The next question is from the line of Shivam [Phonetic], a shareholder. Please go ahead.<\/p>\n

Shivam<\/strong><\/p>\n

Yes. Sir, what will be the value of the Ghitorni land? the 38 acres?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

32 acres. It is 32-acre land. So the value will be around — we don’t want to sale the land. It will be built in by — after built we’re going to sell the FAR. So that is our purpose around INR4,000 crores. This will be INR4,000 crores. And the profit will be more because it is our own land.<\/p>\n

Shivam<\/strong><\/p>\n

So the gross of development value will be INR4,000 crores on Ghitorni?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Book value is only INR195 crores, whereas we are going to get around INR4,000 crores.<\/p>\n

Shivam<\/strong><\/p>\n

So the real estate sales will be INR4,000 crores?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, Yes, yes.<\/p>\n

Shivam<\/strong><\/p>\n

Okay. And what is the more real estate projects that we are expecting? What will be the sales guidance like for this year and the next year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Sales for, we have three land parcels in Jaipur, one residential and two commercial land parcel. One in Ghaziabad, the other one is also in the Ghaziabad. Kochi we have our land parcel and this Coimbatore, we have land parcel in [Technical Issues] also, so that also we are planning to develop in Mauritius [Phonetic] land also.<\/p>\n

Shivam<\/strong><\/p>\n

So this year, any real estate project you will be launching?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Already, we have called a tender for Coimbatore. So Coimbatore and Jaipur, I think, we’ll go to launch this year only.<\/p>\n

Shivam<\/strong><\/p>\n

So what is the presales number that’s expected out of it?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

In Coimbatore around INR600 crores, Coimbatore and Jaipur.<\/p>\n

Shivam<\/strong><\/p>\n

Okay. And for the next fiscal year, how much real estate presales are you guiding?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Next year around INR2,000 crores — our Director Commercial told around INR2,000 crores, we can from next year.<\/p>\n

Shivam<\/strong><\/p>\n

So, Ghitorni won’t be coming next year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Because that revenue will be coming after handing over. So we’re going to start the construction from next year onwards, but the revenue in our own real estate, it will be coming while handing over to them only. The sale will be taken place next year, but revenue will come later, after handed over.<\/p>\n

Shivam<\/strong><\/p>\n

So you’re going to fully launch Ghitorni next year?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

No, in phased manner. We wanted to do in phased manner from three to four phases because that is 32-acre land. So we are doing due diligence and all. So appointment of consultant also in process. So once it is appointed and due diligence, then we’ll go to start the sale.<\/p>\n

Shivam<\/strong><\/p>\n

Okay [Speech Overlap]<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

That is our own real estate. Book value is only INR195 crores, but we are going to get around INR4,000 crores — only INR2 crores, only INR2 crores book value is only INR2 crores, sorry, INR1.95 crores, instead of that INR195 crores I told.<\/p>\n

Shivam<\/strong><\/p>\n

Okay. And any update on the PSU redevelopment? Has it started? Is it picking up. You’ve got any orders and all that?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, we got the MTNL. MTNL today, we got it — going to finalize the appointment of consultant in the MTNL land parcel of Pagga road in Delhi. So once, it is — it is a role model, once it is through means, then definitely, we can get some more land parcel monetization for MTNL, BSNL. Not many PSUs are there. So we are firstly doing one project.<\/p>\n

Shivam<\/strong><\/p>\n

Okay. And sir, what will be the — like, I missed on your order book number till 14 of November, how much is the order book number right now?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Right now, INR84,000 crores, including our subsidiaries. Stand-alone around INR70,000 crores.<\/p>\n

Shivam<\/strong><\/p>\n

INR84,000 crores in total.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes, yes.<\/p>\n

Shivam<\/strong><\/p>\n

Okay. And sir, any — like is there any update on the defense forces land bank? Are they going to utilize that or redevelop it?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Not yet. We are interested. We are keen on even defense land also. Some discussion is going on, not mature presently.<\/p>\n

Shivam<\/strong><\/p>\n

And sir, this fiscal year, what will be your top line and margin guidance?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

INR13,000 crore in the top line, bottom line 6% to 7%.<\/p>\n

Shivam<\/strong><\/p>\n

Okay. The 6% to 7% margins?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Yes.<\/p>\n

Shivam<\/strong><\/p>\n

Okay thank you so much. Thank you so much.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. [Operator Instructions] The next question is from the line of Vasudev from Nuvama.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Thank you for the follow up sir. So sir, I wanted to know what is the scope in the Supertech projects? Like what kind of potential do we see in these projects — in the Supertech projects? And when do we expect to get some orders from there?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Supertech is a stalled project, and it is having 50,000 units. Amrapali, only 38,000, whereas Supertech around 50,000 units yet to be added by the builder. It is also costing about around INR10,000 crores to INR15,000 crores construction work. So it will be completed in three phases. We already submitted our report expression of interest to Supreme Court as well as NCLT. Next month — sorry, this month 21, I think there will be an NCLT hearing. Around 25,000 homebuyers are keen to take up this project by NBCC.<\/p>\n

So we are waiting for the NCLT order. As soon as we get the order means, then I think INR10,000 crore business, we’ll going to get immediately. This will go into give the relief to 50,000 homebuyers. Since already we have completed Amrapali successfully, so Supreme Court and as well as NCLT, homebuyers also very keen they’re asking us to complete this project.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay. Sure, sir, thank you. And on the Amrapali front, what does the total orders which are completed and which is still ongoing?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Total around INR8,200 crores work order we got from Amrapali, out of which we have executed INR7,400 crores, so only INR800 crores worth of value is pending. Recently, they have engaged two more works to us. That is one is Kochi and the other one is Bhilai. So that also we are going to call the tender.<\/p>\n

That is a small value. And in Noida, they have one property that is tech park that is also the appointment of consultant in process. So — and Phase 2 already, as I mentioned, some INR8,400 crore tender already uploaded on the website, we’ll go in to finalize by this quarter end, that is third quarter. And from fourth quarter onwards, I think the execution will start.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay sir. And sir, there were some rules earlier that housing industry are looking for commercialization of 45 acres of land at the India mart [Phonetic], Africa Avenue and Sarojini Nagar, so any status over there?<\/p>\n

Suman Kumar<\/strong><\/p>\n

We have five land parcels in Sarojini Nagar in different patches. One is in 15 acre, second is 9 acres and two more land chunk of 15 acre each and one land parcel is 6 acre. So we have already prepared drawings and designs. We have presented the drawing and design to the ministry. And it has been through by the ministry, most probably within one month, all tenders will be floated.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay, sir. And sir, lastly, in Netaji Nagar and Sarojini Nagar, have we sold anything till date?<\/p>\n

Suman Kumar<\/strong><\/p>\n

Yes. In Sarojini Nagar, we have sold downtown. Commercial property we have sold in INR1,400 crores.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay. INR1,400 crores. Sorry, sir, where was this site?<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

[Technical Issues] around 600 shops and office spaces for middle class.<\/p>\n

Vasudev Ganatra<\/strong><\/p>\n

Okay sure sir that’s it from my side. Thank you.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. [Operator Instructions] As there are no further questions, I would now like to hand the call to Ms. Ankita Shah from Elara Securities Private Limited for closing remarks. Over to you, ma’am.<\/p>\n

Ankita Shah<\/strong><\/p>\n

Thank you all for joining us on this call. In case if you have any further questions, you can get in touch with us or Mr. Balkishan Singla, our Investor Relations Officer at NBCC. Thank you all, and have a great evening.<\/p>\n

Operator<\/strong><\/p>\n

Thank you.<\/p>\n

Unidentified Speaker<\/strong><\/p>\n

Manav, Manav. We have a closing from the Team [Phonetic].<\/p>\n

Operator<\/strong><\/p>\n

Sure, sure.<\/p>\n

K. P. Mahadevaswamy<\/strong><\/p>\n

Thank you so much for your continued support in NBCC. I would like to highlight a few key aspects before final closing. As we are all aware, NBCC has secured a lot of new business in last few quarters, and now we are focusing more in [Indecipherable] show our commitment towards completion of these projects and increase our revenue and profit. Since our functional directors onboarded will do work with our full dedication in upcoming quarters. And as next six months are best for working season, so for construction of companies, and we will enchase [Technical Issues] opportunity.<\/p>\n

So in upcoming quarters, we are target to get Supertech and execution of Amrapali Phase 2 would be the key focus. NBCC has order book of around INR84,000 crores. We are targeting to take INR1 lakh crore at the end of this financial year.<\/p>\n

Once again, thank you, everyone.<\/p>\n

Operator<\/strong><\/p>\n

[Operator Closing Remarks]<\/p>\n","protected":false},"excerpt":{"rendered":"

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: Operator Ladies and gentlemen, good […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"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":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-175073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.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":175073,"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. 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