NBCC (India) (534309) Q2 24/25 earnings summary

Executive summary

• Achieved standalone operating income of INR 1,865 crore in Q2 FY25, up 15% year-over-year; tax at INR 24 crore, up 45% year-over-year.

• Secured new business worth INR 22,300 crore standalone and INR 28,000 crore consolidated in H1 FY25, among the highest ever for six months.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024.

• Change in CFO: Shri Saleem Ahmad ceased, Shri Anjeev Kumar Jain appointed effective November 1, 2024.

• Statutory auditors ASA & Associates LLP appointed for FY 2024-25.

Financial highlights

• Q2 FY25 standalone operating income: INR 1,865 crore (+15% YoY); tax: INR 24 crore (+45% YoY).

• Consolidated revenue from operations for Q2 FY25: ₹245,872.63 lakh, up from ₹205,852.35 lakh in Q2 FY24.

• Net profit for Q2 FY25: ₹12,513.49 lakh, up from ₹8,190.32 lakh in Q2 FY24.

• Bonus issue: 90 crore shares issued (1:2 ratio), authorized share capital increased to ₹100,000 lakh.

• Cash balance as of May 2024: INR 723 crore standalone, INR 600 crore consolidated.

Outlook and guidance

• FY25 revenue guidance raised to INR 13,000 crore, with bottom line expected to exceed INR 400 crore.

• FY26 revenue guidance: INR 13,000–16,000 crore standalone; consolidated order inflow target: INR 1 lakh crore.

• Execution growth of 15–20% expected to continue through FY26–27.

• Board and management are actively pursuing resolution of legacy real estate and regulatory issues.

• Real estate pre-sales expected to reach INR 2,000 crore in FY26.