NBCC (India) (534309) Q1 26/27 earnings summary

Executive summary

• Standalone revenue from operations for Q1 FY27 was INR 1,823 crore, up 10% year-over-year; consolidated revenue was INR 2,260 crore.

• Standalone profit after tax for Q1 FY27 increased 32% year-over-year to INR 151 crore.

• Order book reached INR 1,26,964 crore as of June 30, 2026, supporting future growth.

• Interim dividend of ₹0.15 per share declared for Q1 FY27.

• Major project wins include educational, government, and international projects in Odisha, Andhra Pradesh, Seychelles, and Dubai.

Financial highlights

• Standalone EBITDA rose 62% to INR 160 crore, with EBITDA margin improving to 8.77%.

• Consolidated revenue for FY26 was ₹12,889 crore, with a 14% CAGR over five years.

• Consolidated PAT for FY26 was ₹742 crore, with a 33% CAGR over five years.

• Exceptional item of ₹8,015.53 lakh (reversal of previous write-down) positively impacted results.

• Cash balance as of June 30 is INR 666 crore.

Outlook and guidance

• Revenue target for FY 2027 is INR 16,000–17,000 crore; FY 2028 guidance is INR 21,000 crore, and FY 2029 is INR 24,000–25,000 crore.

• PAT guidance: INR 1,100–1,200 crore for FY 2027, INR 1,300–1,400 crore for FY 2028, and INR 2,000 crore for FY 2029.

• Margin outlook: PAT margin 6–6.5%, EBITDA margin 6.5–7% minimum for coming quarters.

• Order book remains robust at ₹1,26,964 crore, supporting future revenue visibility.

• INR 50,000–60,000 crore in new orders expected this year, including major redevelopment projects.