NBCC (India) (534309) investor relations material

Executive summary

• Q2 FY27 standalone revenue was ₹2,889.62 Cr, up 37.78% YoY, and PAT was ₹225.24 Cr, up 30.54%; consolidated revenue was ₹3,395.78 Cr and net profit ₹209.85 Cr.

• H1 standalone revenue was ₹4,712.66 Cr and PAT ₹375.89 Cr; consolidated revenue was ₹5,655.30 Cr and net profit ₹367.86 Cr.

• Consolidated order book stood at ₹1,26,181 Cr at September 30, 2026; auditors issued unmodified limited-review conclusions on standalone and consolidated results.

Financial highlights

• Q2 standalone EBITDA rose 154% YoY to ₹219 Cr; H1 EBITDA increased 105% to ₹379 Cr.

• Standalone EBITDA margin was 7.58% in Q2 FY27 versus 4.11% a year earlier; H1 margin was 8.04% versus 4.93%.

• H1 operating cash flow was negative ₹955.21 Cr consolidated and negative ₹597.13 Cr standalone; consolidated cash and cash equivalents were ₹2,075.89 Cr at period-end.

• H1 marketing fees were ~₹100 Cr and described as recurring; management expected another ~₹100 Cr in H2 and ~₹250 Cr in the next financial year.

• Q2 standalone new business secured was ₹2,965 Cr and works awarded ₹1,185 Cr; H1 figures were ₹4,176 Cr and ₹2,537 Cr, respectively.

Outlook and guidance

• FY27 revenue guidance: ₹13,000–14,000 Cr standalone and ₹16,000–17,000 Cr consolidated; consolidated PAT guidance was ₹1,100–1,200 Cr.

• FY28 revenue and bottom-line targets were ₹21,000–22,000 Cr and ₹1,500 Cr, respectively.

• FY27 order inflows of ₹50,000–60,000 Cr were reiterated; ₹15,000–16,000 Cr of awards were expected during the year, with Supertech packages a major component.

• FY27 closing order book was expected near ₹1.8 lakh Cr; another ₹20,000 Cr was indicated for award, with the balance carried into the next financial year.