NCC Limited Q4 FY26 Earnings Call Transcript Released
NCC Limited's consolidated order book reached a record ₹83,004 crores by March 31, 2026. Q4 FY26 consolidated turnover was ₹6,251 crores, up 1%. Full-year consolidated turnover declined 6% to ₹20,944 crores. Net debt reduced by ₹729 crores in Q4 FY26. The company is not providing FY27 guidance due to market uncertainties.
The record order book is a positive indicator for future revenue visibility. However, the lack of guidance for FY27 due to market uncertainties introduces caution for investors regarding future performance and profitability.
The announcement is a transcript of a conference call, which is routine. While the order book reached a historic high, there were declines in full-year revenue and a cautious stance on future guidance due to uncertainties, leading to a neutral sentiment.
NCC Limited has submitted the transcript of its earnings audio conference call held on May 16, 2026, discussing the performance and financial results for Q4 of FY 2025-26. The call featured management including R.S. Raju (Director Projects), Sanjay Pusarla (EVP, Finance and Accounts & CFO), and Neerad Sharma (Head Strategy and Investor Relations).
During the call, it was highlighted that NCC's consolidated order book reached a historic high of ₹83,004 crores as of March 31, 2026, representing a 16% increase year-on-year. Fresh consolidated inflows in Q4 FY26 amounted to ₹9,573 crores, with full-year inflows totaling ₹31,884 crores. This order book provides multiyear revenue visibility with a book-to-bill ratio of approximately 4x, spread across seven verticals.
Financially, consolidated turnover for Q4 FY26 was ₹6,251 crores, a 1% increase from the previous year's corresponding quarter. For the full year, consolidated turnover stood at ₹20,944 crores, a 6% decrease. Standalone turnover in Q4 FY26 was ₹5,382 crores, a 1% decrease, and for the full year, it was ₹17,669 crores, a 9% decline.
Profitability metrics showed consolidated EBITDA at 8.83% and PAT at 3.3% for Q4 FY26, compared to EBITDA of 9.07% and PAT of 4.1% in the prior year's quarter. Standalone EBITDA was 8.44% and PAT was 3.77% in Q4 FY26, versus 9.21% and 3.93% respectively in Q4 FY25.
Net debt decreased by ₹729 crores in Q4 FY26, standing at ₹1,667 crores at the end of the quarter. The debt-to-equity ratio was 0.30x. Working capital was ₹4,847 crores (28% of turnover), with working capital days at 97. Trade receivables outstanding decreased to ₹3,336 crores (73 days).
Management decided not to provide guidance for FY27 due to prevailing uncertainties in the global and Indian economic environment, including commodity prices and inflation, and will revisit this decision after the first quarter. The company continues to bid for new projects, having already secured around ₹1,700 crores in April FY27. Investments in smart meters and capex plans for FY27 were also discussed.
What to do with a filing like this
NCC Limited filed this with the NSE as a statutory disclosure, categorised under concall scheduled. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by NCC Limited. Read the original for the full detail.