ALFA Finder| EBITDA Margin: guided vs achieved | 8.00% achieved Guided 5.00%–6.00%, 33.3% above the top of the range |
|---|---|
| Management target | Revenue 25.0% FY28 |
| Revenue growth | Standalone revenue ₹2,890 Cr, +38% YoY; consolidated ₹3,396 Cr. |
|---|---|
| Margins | Standalone EBITDA margin ~8% vs 5–6% range; partly marketing-fee driven. |
| Order book | Standalone ₹1.12 lakh Cr; consolidated ₹1.26 lakh Cr; no cancellations. |
| Demand visibility | State-government redevelopment pipeline; ₹15–16k Cr awards expected this year. |
| Management confidence | Balanced to optimistic; reiterates guidance despite slow H1 awards. |
Growth
Standalone revenue ₹2,890 Cr (+38% YoY); consolidated ₹3,396 Cr. About ₹100 Cr of H1 marketing fees inflated margins.
Outlook
FY27 standalone revenue ₹13–14k Cr reiterated; FY28 consolidated revenue ₹21–22k Cr, PAT ₹1,500 Cr.
Risks
Only ₹1,500 Cr fresh awards in Q2; ₹13–14k Cr FY27 target needs heavy H2 ramp; Delhi AQI curbs halt sites.
Last quarter's promises, checked
Delivered
- EBITDA margin 6.5–7% min → 8.77% Q1 standalone (= BEAT)
Partly delivered
- FY27 standalone revenue ₹13,000–14,000 Cr → reiterated; H1 standalone ₹1,823 Cr + ₹2,890 Cr (= PARTIAL)
- FY27 PAT ₹1,100–1,200 Cr → Q2 standalone PAT ₹225 Cr, ~₹100 Cr fee-aided (= PARTIAL)
Missed
- FY27 award expectation ₹20,000–25,000 Cr → now ₹15,000–16,000 Cr; Q2 fresh awards ₹1,500 Cr (= MISS)
- 37-D sales 'next quarter onwards' → sales from Jan 2027 (= MISS)
Earnings Call Transcript filed with NSE, NSE: NBCC. Summary written with AI assistance from the document.
NBCC (India) Ltd: key numbers
- Share price
- ₹78.00
- Market cap
- ₹21,060 Cr
- Revenue (annual)
- ₹12,889 Cr
- Net profit (annual)
- ₹720.0 Cr
- P/E (TTM)
- 26.5×Sector 33.4×
- Promoter holding
- 61.75%+0.00% QoQ
- FII holding
- 4.39%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from NBCC (India) Ltd
All →NBCC (India) Investor Presentation: Key Takeaways
Q2 FY27 standalone revenue ₹2,890 Cr (+37.8%), PAT ₹225 Cr (+30.5%), EBITDA margin 7.58% (vs 4.11%). Consolidated PAT ₹210 Cr (+33.9%). No explicit guidance.
NBCC (India) Dividend
NBCC declared a second interim dividend of Rs. 0.25 per equity share for FY 2026-27. Record date is 11 November 2026.
NBCC (India) Q2 FY27 Results: Net Profit ₹209.8 Cr, Up 33.9% YoY
NBCC (India) Ltd reported revenue from operations of ₹3,396 Cr (+16.5% YoY) and net profit of ₹209.8 Cr (+33.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹209.8 Cr · +33.9% YoY
NBCC (India) Partnership
NBCC signed an MoU with Government of Bihar departments for four Patna redevelopment projects on a self-financing basis. Expected sale/lease proceeds are about Rs. 5,152 crore against a tentative project cost of Rs. 2,000 crore.
- Value
- ₹5,152 Cr
- From
- Government of Bihar (various departments)
NBCC (India) Bags ₹70.5 Cr Order from Oil India Limited; Hindustan Aeronautics Limited
NBCC received work orders worth Rs.70.50 Crore from Oil India and HAL. The total includes a Rs.47.03 Crore additional sanction to an earlier Oil India order.
- Value
- ₹70.50 Cr
- From
- Oil India Limited; Hindustan Aeronautics Limited
NBCC (India) Bags ₹168.4 Cr Order from Department of Tourism, Government of Rajasthan
NBCC will develop the Maharana Pratap Tourist Circuit at Haldighati, Rajasthan. The sanctioned project cost is ₹168.39 Crore under an MOU with the state Tourism Department.
- Value
- ₹168.4 Cr
- From
- Department of Tourism, Government of Rajasthan