Logotype for NCC Limited

NCC (500294) investor relations material

NCC Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for NCC Limited
Q3 25/26 earnings summary6 Feb, 2026

Executive summary

  • Q3 FY26 consolidated revenue was INR 4,900 crore, down 9% year-over-year, with net profit at INR 122.46 crore; order inflows for Q3 were INR 12,430 crore, and the consolidated order book reached INR 79,571 crore as of December 31, 2025.

  • Standalone Q3 FY26 revenue was INR 4,082 crore, down 12.2% year-over-year, with net profit at INR 82 crore.

  • 9M FY26 consolidated revenue was INR 14,693 crore, with order inflows of INR 22,311 crore.

  • The order book is diversified across buildings, transportation, electrical T&D, mining, water, railways, and irrigation.

  • Order book grew 43% year-over-year, reflecting robust project inflows and execution pipeline.

Financial highlights

  • Consolidated EBITDA margin for Q3 FY26 was 8.96% (INR 436.24 crore), up from 8.25% last year; PAT margin was 2.5% (INR 122.46 crore), down from 3.59%.

  • Standalone EBITDA margin for Q3 FY26 was 8.1% (INR 327 crore); PAT margin was 2%.

  • Net debt stood at INR 2,830 crore (standalone) and INR 3,949 crore (consolidated) as of Q3 FY26.

  • EPS for Q3 FY26 was 1.95 (consolidated) and 1.30 (standalone), both down year-over-year.

  • Working capital (excluding cash/margin) was INR 6,036 crore (37% of turnover), with 119 working capital days.

Outlook and guidance

  • No formal guidance for FY26; management expects Q4 to be strong but refrains from quantifying targets.

  • FY27 guidance will be provided after project-level review post year-end.

  • Execution momentum is expected to improve as payments from JJM projects resume and mobilized projects ramp up.

  • High order book coverage provides significant execution headroom and flexibility in project sequencing.

  • The company is monitoring the impact of new labour codes and has made provisions for increased employee benefit expenses.

How does the order book support future revenue?
What is the impact of New Labour Codes?
What is the rationale for NCCIHL merger?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next NCC earnings date

Logotype for NCC Limited
Q4 25/2615 May, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next NCC earnings date

Logotype for NCC Limited
Q4 25/2615 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage