NCC Limited Reports 6.7% Revenue Decline in Q1, Order Book Grows 30% to Rs 61,779 Crore
NCC Limited's Q1 financial results show a 6.7% year-on-year decrease in standalone revenue to ₹4,430.00 crore. However, the company's standalone order book grew by 30% to ₹61,779.00 crore, while the consolidated order book increased by 33% to ₹70,087.00 crore. NCC secured new orders worth ₹3,658.00 crore in Q1, representing about 17% of its full-year order inflow guidance. The company maintained its AA- credit rating with a stable outlook from India Ratings & Research.

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NCC Limited (NSE: NCC, BSE: 500294), a leading infrastructure and construction company, has reported its financial results for the first quarter, showing a decline in revenue but significant growth in its order book.
Key Financial Highlights
- Standalone revenue decreased by 6.7% year-on-year to ₹4,430.00 crore
- EBITDA stood at ₹395.00 crore, representing 9.0% of revenue
- Profit after tax was ₹190.00 crore, accounting for 4.3% of revenue
- The company's standalone order book increased by 30% to ₹61,779.00 crore
- Consolidated order book reached ₹70,087.00 crore, up 33% year-on-year
New Orders and Future Outlook
NCC Limited secured new orders worth ₹3,658.00 crore in Q1, representing approximately 17% of its full-year order inflow guidance of ₹22,000.00-25,000.00 crore. This strong order inflow, coupled with the substantial growth in the order book, provides a solid foundation for future growth despite the current revenue decline.
Business Segments
The company operates across multiple verticals, including:
- Buildings
- Transportation
- Water & Environment
- Irrigation
- Mining
- Railways
- Electrical Transmission & Distribution
This diversified portfolio allows NCC Limited to capitalize on various infrastructure development opportunities across India.
Credit Rating
NCC maintained its AA- credit rating with a stable outlook from India Ratings & Research, reflecting the company's strong financial position and market standing.
Outlook
Despite the year-on-year decline in quarterly revenue, NCC Limited's significant increase in order book value and continued success in securing new projects indicate potential for growth in the coming quarters. The company's diverse presence across various infrastructure segments positions it well to capitalize on India's ongoing infrastructure development initiatives.
Investors and analysts will be watching closely to see how NCC Limited leverages its strong order book to drive revenue growth and improve profitability in subsequent quarters.