NCC Limited Q3 FY26 Earnings Call Transcript Released
NCC Limited released its Q3 FY26 earnings call transcript. Consolidated revenue was ₹4,900 crore, down from ₹5,383 crore YoY, with EBITDA margins at 9%. The order book stood at ₹79,571 crore, with ₹12,430 crore in new orders during the quarter. The company is seeing payment inflows for JJM projects and expects execution ramp-up for previously stalled projects.
The transcript provides detailed financial performance for Q3 FY26, including revenue, profitability, and order book status. It also discusses operational challenges and future outlook, which are material for investors and analysts.
The announcement is a transcript of a conference call, which is a routine disclosure. While it contains financial performance details and operational updates, it does not present overwhelmingly positive or negative news. The company is addressing challenges and discussing recovery plans, leading to a neutral sentiment.
NCC Limited has submitted the transcript of its earnings audio conference call held on February 6, 2026. The call focused on the company's performance and financial results for the third quarter of FY 2025-26. The management, including R.S. Raju (Director of Projects), Sanjay Pusarla (EVP - Finance and Accounts & CFO), and Neerad Sharma (Head Strategy and Investor Relations), discussed the company's financial performance, order book, and operational challenges.
During the quarter, NCC reported a consolidated revenue of ₹4,900 crores, a decrease from ₹5,383 crores in the corresponding quarter of the previous year. EBITDA margins remained resilient at approximately 9%, attributed to operational discipline and cost rationalization. The consolidated order book stood at ₹79,571 crores as of December 31, 2025, with fresh order inflows of ₹12,430 crores during Q3 FY26. The order book is diversified across segments including Buildings (31%), Transportation (22%), Electrical T&D (18%), Mining (13%), Water & Railway (10%), and Irrigation (7%).
The company addressed challenges related to project execution and profitability. Specific discussions included the Jal Jeevan Mission (JJM) projects, where payments have started to be received, and progress is expected with central government provisions. The company also noted that projects previously in the mobilization stage, such as tunnel and coastal road projects, have received necessary clearances and are expected to commence execution, contributing to revenue from Q4 FY26 onwards.
Financially, the standalone revenue for Q3 FY26 was ₹4,082 crores, down 12.2% year-on-year. Standalone EBITDA was ₹327.31 crores (8.1% margin), and PAT was 2.01%. Consolidated EBITDA was ₹436.24 crores (8.96% margin), with PAT at 2.5% (₹122.46 crores). Debt increased to ₹2,980 crores (net debt ₹2,830 crores) at the end of Q3 FY26, with working capital days at 119 days. The company incurred a capex of ₹96 crores in the quarter and ₹265 crores in the nine-month period.
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NCC Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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