NBCC (India) Limited , a Navratna CPSE under the Ministry of Housing and Urban Affairs, has reported strong financial results for the first quarter of FY 2025-26, showcasing significant growth and an optimistic outlook for the future.

Financial Highlights

NBCC reported a consolidated revenue of ₹2,391.00 crores in Q1 FY26, marking a 12% year-on-year growth. The company's standalone profit after tax (PAT) saw an impressive 32% increase to ₹114.00 crores, while consolidated PAT rose by 26% to ₹135.00 crores.

Order Book and New Projects

The company maintains a robust consolidated order book of ₹1,20,000.00 crores. During Q1, NBCC secured new projects worth ₹1,447.00 crores, including:

• Permanent Campus of JNV in various districts (₹518.00 crores)
• Redevelopment Projects of MDA, Meerut (₹297.00 crores)
• UCO Bank Head Office in New Town, Kolkata (₹172.00 crores)
• Central University of Haryana, Mahendergarh (₹167.00 crores)
• Interior works at World Trade Center, New Delhi (₹162.00 crores)
• Township Project by NEEPCO in Shillong, Meghalaya (₹131.00 crores)

Additionally, NBCC's subsidiary HSCL secured two new government medical college and hospital projects in Parbhani and Sangali, Maharashtra.

Key Project Updates

• GPRA Netaji Nagar project: The first phase, valued at ₹1,450.00 crores, is 85% complete.
• Sarojini Nagar: Work is progressing on nine packages, with three more projects recently starting, bringing the total running project value to ₹8,000.00 crores.
• Amrapali project: In Phase I, 19 out of 24 projects have been completed, with 28,000 units delivered. An additional 7,000 units are expected to be completed in the next quarter.

Strategic Partnerships

NBCC has signed several Memorandums of Understanding (MoUs) to expand its project portfolio:

1. With RailTel: To develop data center projects in India and overseas over five years.
2. With National Film Development Corporation (NFDC): For redevelopment of the iconic Siri Fort Auditorium complex in New Delhi.
3. With Department of Posts: To redevelop prime government land parcels across India into self-sustainable commercial and residential projects.

Future Outlook

NBCC has set ambitious targets for the coming years:

• FY26 revenue target: ₹14,000.00-15,000.00 crores
• FY27 projected revenue: ₹18,000.00-19,000.00 crores
• FY28 projected revenue: ₹25,000.00 crores

The company aims to increase its order book to over ₹2,00,000.00 crores within 2-3 years, targeting EBITDA margins of 8-9% and PAT margins of 7-8% by FY28.

Management Commentary

K. P. Mahadevaswamy, Chairman & Managing Director of NBCC, expressed confidence in the company's growth trajectory, stating, "We are focusing on redevelopment projects with various state governments and PSUs, which have huge land parcels. These projects, along with our existing order book, will drive our growth in the coming years."

The management also highlighted ongoing discussions with several state governments, including Rajasthan, Chhattisgarh, and Jharkhand, for potential redevelopment projects.

As NBCC continues to expand its project portfolio and improve operational efficiency, the company appears well-positioned to achieve its ambitious growth targets and maintain its status as a key player in India's infrastructure development sector.

NBCC India , a prominent player in the construction and real estate sector, has set forth ambitious financial goals for the coming years, as revealed during a recent conference call. The company has outlined a robust growth strategy, targeting substantial increases in revenue, profitability, and order book value.

Revenue Projections

NBCC India has announced a series of escalating revenue targets for the next few fiscal years:

• FY26: Rs. 14,000-15,000 crore
• FY27: Rs. 18,000-19,000 crore
• FY28: Rs. 25,000 crore

These projections demonstrate the company's confidence in its growth trajectory and its ability to secure and execute larger projects in the coming years.

Profitability Targets

Alongside revenue growth, NBCC India is also focusing on improving its profitability:

For FY28, the company has set an ambitious profit target of approximately Rs. 2,000 crore, with expected PAT (Profit After Tax) margins ranging between 7-8%.

Order Inflow and Book Value

NBCC India's growth strategy is underpinned by aggressive targets for order inflow and book value:

• Minimum order inflow target for FY26: Rs. 20,000-25,000 crore
• Expected order book value within 2-3 years: Over Rs. 2 lakh crore

These targets reflect NBCC India's ambition to significantly expand its project pipeline and strengthen its market position in the construction and real estate sectors.

Implications for Growth

The announced targets suggest that NBCC India is positioning itself for substantial growth over the next few years. The company's focus on increasing both revenue and profitability indicates a strategy aimed at not just expanding operations but also improving operational efficiency.

The projected increase in order inflow and order book value points to NBCC India's confidence in its ability to secure major projects and maintain a strong pipeline of work. This could potentially lead to more stable and predictable revenue streams in the future.

As NBCC India works towards these ambitious goals, investors and industry observers will likely keep a close eye on the company's progress and its ability to navigate challenges in the dynamic construction and real estate market.