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NBCC

Q3 FY26Construction

NBCC Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹89
Market cap₹24.0K Cr
P/E35.1
Updated23 Aug 2026
Read5 min read

What the Q3 FY26 call signalled

4 of 5 strong

RevenueRank 2
MarginRank 3
CapexYes
FundraiseYes
Order bookYes

The short version

FY26 revenue forecast is around INR 14,000 crores with EBITDA margins of 5-6% and PAT margins of 6-7%. For FY26, NBCC expects a PAT of INR 700-800 crores, with turnover around INR 14,000 crores and EBITDA margins of 5-6% (Page 36, 20).

From NBCC's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Rank 2
  • FY26 revenue forecast is around INR 14,000 crores with EBITDA margins of 5-6% and PAT margins of 6-7%.
  • PAT expected for FY26: INR 700-800 crores.
  • FY27 revenue target is conservative INR 16,000 to 18,000 crores with PAT around INR 1,000 to 1,200 crores.
  • Large projects like Supertech (INR 10,000 crores top line), Rajasthan Mandapam, J&K, Mumbai Port Trust expected to boost FY27-28 order book and execution.
  • FY28 bottom line conservatively projected at INR 2,000 crores, potentially doubling in FY29 with real estate projects (Ghitorni, 37D).
  • Order inflow for FY26 expected to reach INR 20,000 crores minimum, possibly higher if Delhi redevelopment projects are awarded.
  • Anticipated execution phase for INR 40,000-50,000 crores worth projects in FY27.
  • Strategic MoUs with foreign governments (Australia, Seychelles) may drive future international revenue.

Profitability & Margins

See what NBCC said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes
- NBCC is strategically investing in real estate projects like the Ghitorni project (~₹8,500 crore revenue potential) expected to create long-term value. - The company is adopting new construction technologies, including Mivan shuttering and pre-cast technology, to reduce dust and improve efficiency. - NBCC plans to invest in the Supertech project with a top line of around ₹10,000 crore and a bottom line of ₹800-900 crore, with completion in phases over 12 to 36 months. - There is a recent acquisition of a land parcel in Dubai International City (~14,760 sq. ft. land, 52,000 sq. ft. GFA), aiming to launch a project with expected top line ~₹155 crore over two years. - Investments in redevelopment projects like Rajasthan Mandapam and potential projects in Jammu & Kashmir and MAHAPREIT (₹40,000 crore pipeline) are part of NBCC’s future capital deployment for growth. - Strategic MoUs with foreign governments (Australia, Seychelles) for hospital and island development projects signify future expansion and investments. Overall, NBCC is focusing on both technological upgrades and large-scale real estate developments domestically and internationally.

Top-ranked in Construction

Ranked on what management guided this quarter

5x potential
1Dilip Buildcon
Rev 1Mar 3
2Solarworld Energy Solutions Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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

Order Book & Pipeline

Yes
  • Consolidated order book stands at approximately INR 1,26,000 crores (includes Supertech project).
  • Standalone order book split: ~40% PMC (around INR 45,000 crores), ~60% redevelopment (around INR 67,000 crores).
  • Ongoing projects value approximately INR 30,500 crores (NBCC standalone INR 26,000 crore, HSCL INR 2,300 crore, HSCC INR 2,072 crore, NSL INR 250 crore).
  • Expected new awards next financial year: minimum INR 20,000 crores (including Supertech, Rajasthan Mandapam, J&K projects).
  • Pending order book in Sarojini Nagar: approx. INR 4,000 crores; Netaji Nagar: INR 1,400-1,600 crores; 7 GPRA projects expected to complete in 2 years.
  • J&K project issues near resolution and tendering soon.
  • Mumbai Port Trust project valued around INR 10,000-10,500 crores in pipeline, not yet included in order book.
  • Delhi redevelopment project expected to add INR 30,000-40,000 crores order book, potential start within 6-8 months after award.

NBCC — 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. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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

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Frequently Asked Questions

What were NBCC Q3 FY26 results?

FY26 revenue forecast is around INR 14,000 crores with EBITDA margins of 5-6% and PAT margins of 6-7%. For FY26, NBCC expects a PAT of INR 700-800 crores, with turnover around INR 14,000 crores and EBITDA margins of 5-6% (Page 36, 20).

What is NBCC share price analysis?

NBCC currently shows a moderate growth signal based on ranking data. 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 planning capital expenditure?

NBCC is strategically investing in real estate projects like the Ghitorni project (~₹8,500 crore revenue potential) expected to create long-term value. - The company is adopting new construction technologies, including Mivan shuttering and pre-cast technology, to reduce dust and improve efficiency. - NBCC plans to invest in the Supertech project with a top line of around ₹10,000 crore and a bottom line of ₹800-900 crore, with completion in phases over 12 to 36 months. - There is a recent acquisition of a land parcel in Dubai International City (~14,760 sq.

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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.