NCC Limited reported a consolidated net profit of ₹675.32 Crore for the financial year ended March 31, 2026, compared to ₹819.88 Crore in the previous year. Revenue from operations for FY2025-26 stood at ₹20,944.40 Crore, a decrease from ₹22,354.91 Crore in FY2024-25. The Board of Directors has recommended an equity dividend of ₹2.20 per share (110%) for the fiscal year, subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 27, 2026. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the analyst conference call held on May 16, 2026, discussing the audited financial results for the quarter and financial year ended March 31, 2026, has been made available on the company's website.
Consolidated Financial Performance
For the fourth quarter ended March 31, 2026, the company reported a consolidated turnover of ₹6,250.98 Crore against ₹6,189.36 Crore in the corresponding quarter of the previous year. Net profit attributable to shareholders for Q4 was ₹206.02 Crore, compared to ₹253.82 Crore in the year-ago quarter. EBITDA for the quarter stood at ₹550.41 Crore, with an EBITDA margin of 8.84%, compared to 9.10% in the same period last year. Basic and Diluted EPS for Q4 FY2025-26 was ₹3.28, down from ₹4.04 in the same period last year.
| Metric: |
Q4 FY2025-26 |
Q4 FY2024-25 |
FY2025-26 |
FY2024-25 |
| Turnover (incl. other income): |
₹6,250.98 Crore |
₹6,189.36 Crore |
₹20,944.40 Crore |
₹22,354.91 Crore |
| EBITDA: |
₹550.41 Crore |
₹556.31 Crore |
₹1,836.08 Crore |
₹1,918.07 Crore |
| EBITDA Margin: |
8.84% |
9.10% |
— |
— |
| Net Profit (attributable to shareholders): |
₹206.02 Crore |
₹253.82 Crore |
₹675.32 Crore |
₹819.88 Crore |
| Basic & Diluted EPS (₹): |
₹3.28 |
₹4.04 |
₹10.76 |
₹13.06 |
Standalone Financial Performance
On a standalone basis, NCC Limited reported a turnover of ₹17,669.28 Crore for FY2025-26, compared to ₹19,392.79 Crore in the previous year. Net profit for the year stood at ₹576.76 Crore versus ₹759.44 Crore in the prior year. For the fourth quarter, standalone turnover was ₹5,382.19 Crore, with a net profit of ₹202.88 Crore.
| Metric: |
Q4 FY2025-26 |
Q4 FY2024-25 |
FY2025-26 |
FY2024-25 |
| Turnover (incl. other income): |
₹5,382.19 Crore |
₹5,445.29 Crore |
₹17,669.28 Crore |
₹19,392.79 Crore |
| EBITDA: |
₹448.76 Crore |
₹495.08 Crore |
₹1,448.34 Crore |
₹1,744.42 Crore |
| Net Profit: |
₹202.88 Crore |
₹213.76 Crore |
₹576.76 Crore |
₹759.44 Crore |
| Basic & Diluted EPS (₹): |
₹3.23 |
₹3.40 |
₹9.19 |
₹12.10 |
Group Revenue Composition
The investor presentation shared ahead of the analyst conference call provides a breakdown of consolidated group revenue for FY26 across NCC's diversified business verticals. The construction segment, representing NCC Limited excluding inter-group revenues, remained the dominant contributor.
| Segment: |
Entity |
FY26 Revenue (₹ Crore) |
| Construction: |
NCC Limited (Excl. revenue from group companies) |
17,463 |
| Coal Mining: |
Pachhwara Coal Mining Pvt Ltd |
2,710 |
| Smart Meters: |
2 AMI SPVs – MSEDCL Maharashtra |
1,267 |
| Tunnels: |
GMLR Project |
404 |
| Real Estate: |
NCC Urban Infrastructure Ltd |
264 |
| Others: |
Inter Company Eliminations |
(1,285) |
| Total: |
|
20,823 |
Debt Position
The investor presentation also disclosed the company's debt snapshot as of March 31, 2026. On a standalone basis, gross debt stood at ₹2,251 Crore, up 52% year-on-year from ₹1,484 Crore in Q4 FY25, while net debt rose 136% to ₹1,667 Crore. On a consolidated basis, gross debt stood at ₹3,457 Crore, up 117% year-on-year, with net debt at ₹2,815 Crore. The management noted that standalone gross debt rose on peak working-capital needs through Q1–Q3 FY26, with net debt-to-equity remaining within prudent thresholds. The debt mix is diversified across working capital demand loans (61%), short-term loans and PIDs (21%), and long-term loans (18%) on a standalone basis.
| Metric: |
Q4 FY25 |
Q3 FY26 |
Q4 FY26 |
% YoY |
% QoQ |
| Standalone Gross Debt: |
₹1,484 Crore |
₹2,980 Crore |
₹2,251 Crore |
52% |
(24%) |
| Standalone Net Debt: |
₹706 Crore |
₹2,846 Crore |
₹1,667 Crore |
136% |
(41%) |
| Consolidated Gross Debt: |
₹1,594 Crore |
₹4,165 Crore |
₹3,457 Crore |
117% |
(17%) |
| Consolidated Net Debt: |
₹605 Crore |
₹3,966 Crore |
₹2,815 Crore |
365% |
(29%) |
Dividend, Order Book and Subsidiary Performance
The Board has fixed Friday, August 14, 2026, as the Record Date to determine shareholder eligibility for the proposed dividend of ₹2.20 per share. During the financial year, NCC Limited secured new orders worth ₹31,884 Crore, including changes in scope. The company's order book as of March 31, 2026, stood at ₹83,004 Crore on a consolidated basis and ₹72,259 Crore on a standalone basis. NCC Urban Infrastructure Limited, the company's real estate subsidiary in which NCC holds an 80% stake, reported revenue of ₹276 Crore for FY26 against ₹267 Crore in FY25, while PAT declined to ₹29 Crore from ₹45 Crore in the prior year.
| Metric: |
Q4 FY25 |
Q4 FY26 |
FY25 |
FY26 |
| NCC Urban Revenue (₹ Crore): |
38 |
55 |
267 |
276 |
| NCC Urban PAT (₹ Crore): |
5 |
1 |
45 |
29 |
| NCC Urban Net Worth (₹ Crore): |
460 |
449 |
460 |
449 |
| NCC Urban Total Debt (₹ Crore): |
73 |
124 |
73 |
124 |
Leadership, Governance and Recognition
The Board approved several key leadership appointments effective May 2026. Sri A V N Raju was reappointed as Whole-time Director for a term of five years from May 30, 2026. Smt. Kauslya Bhupathi Raju was appointed as Director (Commercial) effective September 1, 2026, and Sri A Karthik was appointed as Company Secretary & Compliance Officer effective May 15, 2026. Sri Rajender Mohan Malla was elected as the new Chairman of the Board effective May 24, 2026, succeeding Dr A S Durga Prasad, whose term concludes on May 23, 2026. On the recognition front, NCC received several awards during FY26, including the Construction World Global Award for Fastest Growing Construction Company (Ultra Large Category), the Best Infrastructure Developer Award from Engineers Club Kerala, and the Vishwakarma Award for the Jabalpur Flyover Project from the Government of Madhya Pradesh. Multiple project-level accolades were also received for health, safety, and environment (HSE) excellence across metro, airport, and infrastructure projects.