NBCC (India) Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Construction | Market Cap: ₹24.0K Cr
FY27 revenue guidance: INR 16,000 to 17,000 crore consolidated, with confidence in achieving this target despite challenges like GRAP restrictions. FY27 revenue target: ₹16,000 to 17,000 crore (consolidated), with PAT around ₹1,100 to 1,200 crore.
From NBCC (India) Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹89.5
Market Cap
₹24.0K Cr
P/E Ratio
35.1
Revenue Rank
Margin Rank
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.
NBCC (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.6K Cr, net profit ₹254 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →FY27 revenue guidance: INR 16,000 to 17,000 crore consolidated, with confidence in achieving this target despite challenges like GRAP restrictions.
- →FY28 revenue expected to rise to around INR 21,000 crore.
- →FY29 projected revenue: INR 24,000 to 25,000 crore consolidated.
- →Standalone revenue targets: INR 13,000 to 14,000 crore for FY27, growing to INR 21,000 crore in FY28 and INR 24,000-25,000 crore in FY29.
- →Profit after tax (PAT) expected to grow from around INR 1,100-1,200 crore in FY27 to INR 1,300-1,400 crore in FY28 and approximately INR 2,000 crore in FY29.
- →Order book currently around INR 1,27,000 crore with expected new order inflow of INR 50,000-60,000 crore this year from GPRA and other large projects.
- →Real estate projects such as Gurugram Sector 37-D and Ghitorni to contribute to future revenue with sales starting next quarter; however, revenue recognition will happen post-handover (in about two years).
- →Margins expected to improve driven by high-margin redevelopment and PMC projects.
📈 Profitability & Margins
Rank 2- →FY27 revenue target: ₹16,000 to 17,000 crore (consolidated), with PAT around ₹1,100 to 1,200 crore.
- →FY28 revenue expected at ₹21,000 crore, PAT projected at ₹1,300 to 1,400 crore.
- →FY29 revenue estimate: ₹24,000 to 25,000 crore, with PAT around ₹2,000 crore.
- →Margins expected to improve due to high-value redevelopment and Amrapali projects contributing over 60% revenue.
- →Real estate projects like Sector 37-D and Ghitorni expected to start generating cash inflow with profits materializing in subsequent years.
- →Order inflow of ₹50,000 to 60,000 crore expected this year, including major redevelopment projects (5 GPRA colonies).
- →Conservative financial projections given, with confidence that targets will be achieved or bettered pending Cabinet approvals for key projects (J&K, MAHAPREIT).
- →EBITDA margin anticipated to rise due to marketing fees and completion of high-margin projects.
🏗️ Capital Expenditure Plans
Yes- →NBCC is constructing around 66 housing units in Dubai, with all designs and approvals obtained; construction tender planned for October.
- →Investment in redevelopment projects with approximately INR 10,000 crore of balance work expected to be executed within two years.
- →Planned infrastructure development at Naveen Nagpur with ongoing DPR approval; infrastructure tender expected this or next quarter.
- →Working on redevelopment projects including large value projects like MAHAPREIT (INR 25,000 crore) and J&K (INR 3,500-4,000 crore), with tenders to be floated soon.
- →Formation of wholly owned subsidiary as an SPV to transfer assets and launch a national CPSE REIT for efficient asset monetisation; initial asset transfer involves 75,000 sq.ft. rentable assets.
- →Strategic M&A action: Merger of HSCC into NBCC approved to create operational and financial synergies.
- →Seed money investments ongoing in selected projects (e.g., Amrapali, DTC) while facilitation for state governments to raise funds via HUDCO.
💰 Fundraising & Capital Structure
Yes- →NBCC is facilitating seed money for projects primarily through loans by mortgaging assets or marketing/pre-launching real estate assets.
- →There is a Memorandum of Understanding (MoU) with HUDCO to provide seed money to state governments if they offer sovereign guarantees.
- →NBCC itself has contributed seed money to some projects like Amrapali and Delhi Transport Corporation (DTC).
- →For new projects, seed money arrangements depend on clarity of approvals and timelines, with most funds arranged by clients or state governments.
- →There is mention of forming a Special Purpose Vehicle (SPV) for assets to be transferred to a proposed CPSE REIT, which is expected to aid monetization.
- →REIT formation will involve pooling assets from various SPVs, with NBCC as the ultimate sponsor; ownership stakes may involve some development-related ownership.
- →No explicit mention of fresh equity or debt issuance by NBCC itself during the period discussed.
📋 Order Book & Pipeline
Yes- →Current order book stands at approximately INR 1,27,000 crore.
- →Split of order book: 60% redevelopment projects, 40% PMC (Project Management Consultancy).
- →Expected new orders of INR 50,000 to 60,000 crore in the current year.
- → - Around INR 30,000 crore from 5 GPRA redevelopment projects (including Lodhi Colony, Andrews Ganj, DIZ Connaught Place area).
- → - Other major orders (J&K, MAHAPREIT, Supertech) expected soon; J&K INR 3,500-4,000 crore tender to be floated shortly.
- →Pending project awards of nearly INR 95,000 crore due to various approvals and statutory clearances.
- →Redevelopment projects involve self-sustainable models requiring multiple government approvals.
- →MAHAPREIT order (around INR 25,000 crore) is delayed due to pending approvals; expected resolution by Q3 FY27.
- →Supertech project award expected soon following Supreme Court clearance.
- →Overall execution expected to pick up with revenue targets of INR 15,000-17,000 crore for FY27 and INR 21,000 crore for FY28.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were NBCC (India) Ltd Q1 FY27 results?
FY27 revenue guidance: INR 16,000 to 17,000 crore consolidated, with confidence in achieving this target despite challenges like GRAP restrictions. FY27 revenue target: ₹16,000 to 17,000 crore (consolidated), with PAT around ₹1,100 to 1,200 crore.
What is NBCC (India) Ltd share price analysis?
NBCC (India) Ltd currently shows a below-average growth signal. The stock trades at a P/E of 35.1 with a market cap of ₹23,998 Cr. Investors should review the full earnings analysis for detailed insights.
Is NBCC (India) Ltd planning capital expenditure?
NBCC is constructing around 66 housing units in Dubai, with all designs and approvals obtained; construction tender planned for October. - Investment in redevelopment projects with approximately INR 10,000 crore of balance work expected to be executed within two years. - Planned infrastructure development at Naveen Nagpur with ongoing DPR approval; infrastructure tender expected this or next quarter. - Working on redevelopment projects including large value projects like MAHAPREIT (INR 25,000 crore) and J&K (INR 3,500-4,000 crore), with tenders to be floated soon. - Formation of wholly owned subsidiary as an SPV to transfer assets and launch a national CPSE REIT for efficient asset monetisation; initial asset transfer involves 75,000 sq.ft.
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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.