NBCC (India) Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 3 Aug 2026 | Construction | Market Cap: ₹25.9K Cr

FY 2025-26 revenue guidance: INR 14,000–15,000 crores - FY 2026-27 revenue expected: INR 18,000–19,000 crores - FY 2027-28 revenue projected: Around INR 25,000 crores - Order book currently at I FY 2025-26 Revenue: Targeting INR14,000-15,000 crores operating income; consolidated order book at INR1,20,000 crores.

From NBCC (India) Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹88.9

Market Cap

₹25.9K Cr

P/E Ratio

39.2

How does NBCC (India) Ltd rank in Construction?

Compare NBCC (India) Ltd against every Construction company this quarter on revenue, margins and earnings-call signals.

View Construction leaderboard →

NBCC (India) Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹4.6K Cr, net profit ₹254 Cr.

Full financials →

📊 Revenue & Sales Performance

→FY 2025-26 revenue guidance: INR 14,000–15,000 crores
→FY 2026-27 revenue expected: INR 18,000–19,000 crores
→FY 2027-28 revenue projected: Around INR 25,000 crores
→Order book currently at INR 1,20,000 crores; expected to grow to over INR 2,00,000 crores in next 2-3 years
→Significant contribution expected from large redevelopment projects, including J&K MAHAPREIT (INR 25,000 crores), 7GPRA Colony, Amrapali Phase II, Goa government projects, and others
→Execution of large-scale projects like Amrapali Phase I nearing completion by March 2026; Phase II ramping up
→Targeting at least INR 15,000 crores worth of tenders to be awarded in FY 2025-26
→Emphasis on redevelopment projects with State Governments and PSUs, offering sizeable growth opportunities
→Sustainable EBITDA margin target of 6% to 6.5% supporting revenue growth

📈 Profitability & Margins

→FY 2025-26 Revenue: Targeting INR14,000-15,000 crores operating income; consolidated order book at INR1,20,000 crores.
→FY 2026-27 Revenue: Expected growth to INR18,000-19,000 crores.
→FY 2027-28 Revenue: Anticipated increase to INR25,000 crores with sustained EBITDA margin of 6%-9%.
→EBITDA Margin: Targeting 6%-6.5% in FY ’26; 8%-9% in subsequent years.
→PAT: Stand-alone PAT grew 32% year-on-year in Q1 FY ’26; consolidated PAT up 26%.
→Bottom Line: Projected PAT margin of 7%-8% by FY 2027-28, with bottom line potentially crossing INR2,000 crores.
→Order Book Growth: Discussions to expand order book to INR2,00,000 crores in 2-3 years through redevelopment projects with state governments and PSUs.
→Completion Timeline: Redevelopment projects expected to complete in 4-5 years; PMC projects typically within 2 years.
→Real Estate Segment: Sale of real estate inventory (Lucknow, Bhubaneswar) expected to support profitability in FY ’26.

See what NBCC (India) Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→NBCC is actively involved in large redevelopment projects with several state governments and Central Public Sector Companies (CPSCs), which require significant capital outlays.
→The company is in the process of finalizing detailed project reports (DPR) for ongoing and upcoming redevelopment projects, indicating upcoming capital investment.
→For the MAHAPREIT project, NBCC is arranging seed money, with meetings planned involving HUDCO and other financial institutions to secure funding.
→Redevelopment projects like 7GPRA and Amrapali phases involve substantial investment in project execution and associated infrastructure.
→NBCC is pursuing strategic MoUs with entities like RailTel for data center projects and the Department of Posts for redevelopment of prime government land parcels across India, signaling strategic investments.
→Future capex is implicit in the expansion of redevelopment and PMC projects with expected tender awards ranging from INR 15,000 crores (FY26) to INR 20,000-25,000 crores in subsequent years.

💰 Fundraising & Capital Structure

→NBCC is arranging seed money for the MAHAPREIT project, which has been delayed due to funding sanctions. Discussions are ongoing with HUDCO and other financial institutions to secure this seed money (Page 11).
→The company has successfully addressed funding challenges in redevelopment projects like Amrapali by bulk selling inventory through channel partners, which helped generate funds for project execution (Page 9).
→No explicit mention of fresh fundraising through equity or large new debt issuances was made in the transcript.
→The company is focused on executing ongoing projects and awarding new tenders conservatively valued at around INR15,000 crores in FY '26, with expected revenues growing in following years, supported by order book expansions (Pages 6-12).

See what NBCC (India) Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→NBCC standalone order book stands at INR 1,05,000 crores; consolidated order book at INR 1,20,000 crores.
→Running projects alone total around INR 32,000 crores (standalone).
→Q1 FY26 secured INR 2,400 crores on consolidated basis, including projects like JNV campuses, MDA Meerut redevelopment, UCO Bank HQ, and Central University Haryana.
→Targeting award of tenders worth INR 15,000 crores in FY 26; conservative figure.
→Expecting business development of minimum INR 20,000 crores during FY 26.
→Discussions ongoing with various state governments and PSUs for large redevelopment projects, potentially raising order book towards INR 2,00,000 crores in next 2-3 years.
→Specific projects include Goa government redevelopment, J&K project (delayed due to government change), MAHAPREIT project (awaiting seed funding), and Indian Postal Department land redevelopment.
→Redevelopment projects and PMC constitute roughly a 50:50 mix in order book.

Key Metrics

What NBCC (India) Ltd's management said in earlier quarters

Others in Construction this season

Markolines Pavement Technologies Ltd (Q1 FY26)
600 crores in potential orders indicating continued volume growth. Key concall takeaways from Markolines Pavem's Q1 FY26 earnings call — and how it ranks…
Hindustan Construction Company Ltd (Q1 FY26)
Current order backlog as of 30th June is approximately ₹11,188 crores to ₹11,800 crores. Key concall takeaways from Hindustan Construction Company Ltd's Q1…
PSP Projects (Q1 FY26)
Combined with the existing order book of around INR 6,500 crores, total orders could approach INR 13,000-14,000 crores. Key concall takeaways from PSP Projects…
PNC Infratech (Q1 FY26)
1,136 crore (standalone), showing a 13% dip from prior year adjusted for non-recurring items. Key concall takeaways from PNC Infratech Ltd's Q1 FY26 earnings…

Compare:vs Larsen & Toubro vs Rail Vikas vs Kalpataru Projects International Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were NBCC (India) Ltd Q1 FY26 results?

What is NBCC (India) Ltd share price analysis?

NBCC (India) Ltd currently shows a neutral. The stock trades at a P/E of 39.2 with a market cap of ₹25,920 Cr. Investors should review the full earnings analysis for detailed insights.

Is NBCC (India) Ltd planning capital expenditure?

NBCC is actively involved in large redevelopment projects with several state governments and Central Public Sector Companies (CPSCs), which require significant capital outlays.

Keep NBCC (India) Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.