NBCC (India) (534309) Q3 25/26 earnings summary

Executive summary

• Consolidated Q3 FY26 income reached ₹3,022 crore, up 8% year-on-year; standalone PAT at ₹197 crore, a 53% increase year-on-year.

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025, with unmodified auditor review conclusions.

• Interim dividend of ₹0.21 per share declared and paid in December 2025.

• Major legal win: Supreme Court upheld NBCC's appointment to complete Supertech projects, unlocking significant revenue and order book potential.

• New business secured in Q3 FY26 amounted to ₹3,300 crore.

Financial highlights

• Q3 consolidated income: ₹3,022 crore; standalone: ₹2,088 crore; consolidated PAT: ₹197 crore.

• Standalone EBITDA margin for Q3 FY26 was 5.65%; consolidated EBITDA margin was 5.38%.

• Order book: Standalone ₹1,10,000 crore; consolidated ₹1,27,000 crore as of December 31, 2025.

• Q3 new business secured: ₹3,300 crore; nine-month total: ₹13,400 crore.

• Exceptional item: reversal of previous write-down of ₹8,015.53 lakh for Kochi project, boosting profit before tax.

Outlook and guidance

• FY26 PAT guidance: ₹800-900 crore; revenue guidance: ₹14,000 crore.

• FY27 revenue target: ₹16,000-18,000 crore; PAT: ₹1,000-1,200 crore.

• FY28-29 PAT could reach ₹2,000 crore, driven by large real estate projects.

• Order inflow guidance: ₹20,000 crore for the year, with potential upside from large Delhi redevelopment projects.

• Company continues to monitor regulatory and legal developments affecting real estate projects and tax matters.