NBCC (India) (534309) Q4 24/25 earnings summary

Executive summary

• Achieved 16% year-over-year growth in consolidated revenue and 35% growth in consolidated PAT for FY25, with consolidated revenue at ₹12,039 crore and PAT at ₹755.02 crore.

• Maintained a strong, debt-free balance sheet and robust order book, which crossed ₹1.2 trillion consolidated, more than doubling year-over-year.

• Secured highest-ever business in FY25: ₹75,280 crore consolidated, marking 265% YoY growth in business secured.

• Paid interim and final dividends totaling ₹0.67 per share for FY25, up from ₹0.63 in FY24.

• Auditors issued unmodified opinions on both standalone and consolidated results.

Financial highlights

• Q4 FY25 consolidated revenue from operations: ₹3,217.53 crore, up 6.95% year-over-year; consolidated PAT: ₹137.19 crore, up 34.12% year-over-year.

• FY25 consolidated operating income: ₹12,039 crore (+16% YoY); PAT: ₹755.02 crore (+35% YoY).

• Standalone ROE for FY25: 21.32%; ROCE: 14.84%; EPS: ₹2.00; DPS: ₹0.67.

• Cash and cash equivalents at year-end stood at ₹3,00,984 lakh.

• Exceptional item of ₹95 crore (non-recurring) related to environmental clearance and project provisions.

Outlook and guidance

• FY26 revenue guidance: consolidated ₹15,000-16,000 crore; standalone ₹11,000 crore.

• PAT guidance: ₹750-800 crore for FY26, ₹1,200 crore for FY27, and ₹2,000 crore for FY28.

• Order inflow target for FY26: ₹22,000-25,000 crore.

• Project awards in FY26 targeted at ₹18,000-20,000 crore standalone.

• Strategic partnerships and major project wins in Q4 FY25, including a ₹25,000 crore MOU with MAHAPREIT.