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 ₹557 crore.

• Maintains a strong, debt-free balance sheet and a robust order book of ₹1,20,533 crore as of March 31, 2025, more than doubling year-over-year.

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

• Strategic focus on government clients and integrated operations across PMC, EPC, and Real Estate segments.

• Ranked second among all CPSEs and first in construction/consultancy by DPE performance rating.

Financial highlights

• Q4 FY25 consolidated revenue from operations rose to ₹3,218 crore, up 7% year-over-year; PAT increased 34% to ₹137 crore.

• FY25 consolidated revenue reached ₹12,039 crore, up 16% year-over-year; PAT grew 35% to ₹557 crore.

• EBITDA margin improved, with FY25 consolidated EBITDA at ₹629.76 crore, up 22.7% from FY24.

• Interim dividend of ₹0.53 per share and final dividend of ₹0.14 per share declared for FY25, total dividend payout at ₹0.67 per share.

• Exceptional item of ₹95.65 crore (non-recurring) related to environmental clearance and project provisions.

Outlook and guidance

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

• 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.

• Long-term revenue visibility supported by a strong order book and strategic government partnerships.