NCC
NCC Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
1 of 3 strong
Not discussed on this call: fundraise, order book.
The short version
NCC Limited has provided FY '27 guidance with **revenue growth expected between 8% to 10%**. NCC Limited has given guidance for FY '27 with: - Revenue growth of 8% to 10% - EBITDA margin range of 8.5% to 9% - EPS for Q1 FY '27 stood at INR 2.98, slightly lower than INR 3.03 in Q1 FY '26.
From NCC's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- NCC Limited has provided FY '27 guidance with **revenue growth expected between 8% to 10%**.
- The company reported a 12% growth in turnover in Q1 FY '27 compared to the previous year.
- The order book as of June 30, 2026, stands strong at INR 81,214 crores, supporting multi-year revenue visibility with a book-to-bill ratio of about 3.5x.
- New order inflows for FY '27 are guided between INR 22,000 to INR 25,000 crores.
- Execution and revenue growth are subject to client fund availability, approvals, and site conditions; these factors contribute to uncertainty.
- Management expects steady execution with no deterioration in project execution momentum as of Q2.
- There is cautious optimism, with the possibility of achieving or slightly exceeding the guided growth based on order book strength and improving payment cycles.
Profitability & Margins
See what NCC said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- CAPEX guidance for FY '27 remains at INR 500 crores. (Page 9)
- CAPEX incurred in Q1 FY '27 stood at INR 170 crores. (Page 7)
- Equipment loans of about INR 160-170 crores raised at the HoldCo level to meet CAPEX requirements. (Page 14)
- No pending equity investment required for smart meter projects, with about INR 460 crores already invested as of March end. (Page 11)
- INR 256 crore equity investment made in subsidiary NCC Quantum Technologies Private Limited, which holds smart meter SPVs. (Page 8)
Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what NCC said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of June 30, 2026, NCC Limited's order book stands at INR 81,214 crores.
- Beginning of the year order book was INR 83,004 crores.
- Orders received in the current quarter: INR 3,889 crores.
- Order book breakdown: Standalone INR 71,312 crores; subsidiaries INR 9,902 crores.
- Orders received in the current quarter (INR 3,889 crores) will begin contributing to turnover from Q3 FY '27 due to mobilization time.
- Orders span execution periods from 2 to 7 years, with some mining orders lasting up to 7 years.
- Specific projects:
- - Ken-Betwa project total order value INR 3,390 crores; INR 116.35 crore executed so far; fully mobilized.
- - BharatNet pending order book approx. INR 6,500 crores.
- INR 81,000 crore of orders are all in executable mode.
- Expected order inflow for FY '27: between INR 22,000 crores and INR 25,000 crores.
NCC — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹6.2K Cr, net profit ₹217 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What NCC Ltd's management said in earlier quarters
- Q4 FY25 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q1 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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- Power Mech Projects Ltd (Q1 FY27)
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- Sathlokhar Synergys E&C Global Ltd (Q1 FY27)
Current order book as of Q1 FY27 stands at approximately INR810 crores. Key concall takeaways from Sathlokhar Sys.'s Q1 FY27 earnings call — and how it ranks…
Frequently Asked Questions
What were NCC Q1 FY27 results?
NCC Limited has provided FY '27 guidance with **revenue growth expected between 8% to 10%**. NCC Limited has given guidance for FY '27 with: - Revenue growth of 8% to 10% - EBITDA margin range of 8.5% to 9% - EPS for Q1 FY '27 stood at INR 2.98, slightly lower than INR 3.03 in Q1 FY '26.
What is NCC share price analysis?
NCC currently shows a neutral. The stock trades at a P/E of 13.0 with a market cap of ₹9,390 Cr. Investors should review the full earnings analysis for detailed insights.
Is NCC planning capital expenditure?
CAPEX guidance for FY '27 remains at INR 500 crores.
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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.