NCC Limited Q1 FY'27 Earnings Call Transcript Released
NCC Limited reported its Q1 FY'27 results with a consolidated turnover of ₹5,842 crore, up 12% YoY, and the highest Q1 turnover in company history. EBITDA margin improved to 9.4%. The order book stands at ₹81,214 crore, with new orders of ₹3,889 crore in the quarter. Guidance for FY'27 includes ₹22,000-25,000 crore order inflow and 8-10% revenue growth.
The announcement details significant financial performance metrics, including record turnover and improved margins, along with forward-looking guidance, which are material factors influencing investor decisions and the company's stock valuation.
The company reported record Q1 turnover, a 12% year-on-year growth, and an improved EBITDA margin, along with a strong order book and positive guidance for the fiscal year, indicating a favorable financial performance.
NCC Limited has submitted the transcript of its earnings audio conference call held on August 7, 2026, discussing the performance and financial results for the first quarter of FY 2026-27. The call featured management including R.S. Raju (Director, Projects), Sanjay Pusarla (EVP, Finance & Accounts), and Neerad Sharma (Head, Strategy & Investor Relations), with Vaibhav Shah from JM Financial Institutional Securities Limited moderating.
During the call, the management highlighted that the operating environment remained broadly stable, with project execution gaining pace. The company's order book stood at ₹81,214 crore as of June 30, 2026, with new orders worth ₹3,889 crore booked during the quarter, primarily from the Buildings and Water & Railways divisions. This provides a book-to-bill ratio of approximately 3.5x.
For Q1 FY'27, NCC reported a consolidated turnover of ₹5,842 crore, a 12% increase compared to the corresponding quarter of the previous year. The EBITDA margin for the quarter was 9.4% on a consolidated basis, up from 8.8% in the prior year's quarter. The company provided guidance for FY'27, expecting order inflow between ₹22,000 crore and ₹25,000 crore, revenue growth of 8% to 10%, and an EBITDA margin of 8.5% to 9%.
Detailed financial performance revealed a standalone turnover of ₹4,952 crore and consolidated turnover of ₹5,842 crore for Q1 FY'27, both marking the highest Q1 turnover in the company's history. Standalone EBITDA was ₹442.45 crore (9.01%), with PBT at ₹232.51 crore (5.12%) and PAT at ₹187.31 crore (3.8%). On a consolidated basis, EBITDA was ₹545.12 crore (9.38%), PBT was ₹311.64 crore (5.33%), and PAT was ₹216.40 crore (3.7%).
The company also discussed its order book composition across various divisions and provided updates on debt, working capital, trade receivables, unbilled revenue, and mobilization advances. Management addressed queries regarding smart meter projects, JJM (Jal Jeevan Mission) collections and outstanding amounts, commodity price impacts, and the BharatNet project's optical fiber component. The debt-equity ratio at the consolidated level stood at 0.31 as of Q1 FY'27.
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