NCC (500294) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹20,971 crore in FY24, up 34% year-over-year, with EBITDA at ₹1,769 crore and PAT at ₹711 crore. Order inflows reached ₹27,283 crore, and the order book stood at ₹57,536 crore, reflecting a 15% year-over-year growth.

• Entered new business segments, including smart meters (₹8,080 crore in projects) and tunnel construction (₹3,214 crore contract). Maintained a low gross debt level and improved net debt position to ₹428 crore.

Financial highlights

• Standalone revenue: ₹18,439 crore (+37% YoY); standalone EBITDA margin: 9%.

• Consolidated revenue: ₹20,971 crore (+34% YoY); consolidated EBITDA margin: 8.5%.

• Standalone PAT: ₹631 crore (+11% YoY); consolidated PAT: ₹711 crore (+17% YoY).

• EPS: ₹10.06; dividend recommended at ₹2.20 per share (110%).

• Net worth increased to ₹6,813 crore; borrowings at ₹1,005 crore; current ratio at 1.31.

Outlook and guidance

• Targeting a minimum order inflow of ₹20,000 crore for FY25, with a healthy pipeline across buildings, transport, water, and electrical sectors.

• Strategic focus on securing new orders and sustaining/improving bottom-line performance.