NBCC (India) (534309) Q3 24/25 earnings summary

Executive summary

• Achieved highest-ever MOU rating (98.5 marks) for FY23-24 and celebrated 65 years of excellence.

• Secured major work orders in FY25, including Amrapali Phase II, Supertech, and Junta House redevelopment, with record business wins and strong real estate sales.

• Issued 90 crore bonus shares and recommended/interim dividend of ₹0.53 per share for FY25.

• Board approved unaudited results for Q3 and nine months ended December 31, 2024.

• Statutory auditors issued an unmodified review for standalone results and a qualified review for consolidated results due to pending financial closure of certain subsidiary projects.

Financial highlights

• Standalone Q3FY25 revenue: ₹2,048 crores, up 6.73% YoY; PAT: ₹129 crores, up 37% YoY; EPS: ₹0.48.

• Standalone nine months revenue: ₹5,540 crores, up 10.39% YoY; PAT: ₹339 crores, up 40% YoY.

• Consolidated Q3FY25 revenue: ₹2,827 crores, up 16.65% YoY; PAT: ₹196 crores, up 28.80% YoY; EPS: ₹0.51.

• Consolidated nine months revenue: ₹7,430 crores, up 16% YoY; PAT: ₹375 crores, up 37% YoY.

Outlook and guidance

• FY25 consolidated revenue guidance: ₹12,000–₹13,000 crores; next year: ₹15,000–₹16,000 crores.

• EBITDA margin guidance: 6–6.5%; PAT margin: 5.5–6%.

• Order inflow target for FY26: at least ₹25,000 crores.

• Expected annual revenue growth of 25–35% for the next 2–3 years.

• Strong order book of ₹1 lakh crore as of Jan 2025, with significant new business secured.