NCC Limited , a leading infrastructure company, has reported significant growth in its order book for the second quarter of fiscal year 2026, demonstrating resilience in a challenging market environment.

Order Book Expansion

NCC has achieved an order book of ₹71,957 crore as of September 30, 2025, representing a robust 37% year-on-year increase. This substantial growth provides strong revenue visibility for the coming quarters and underscores the company's ability to secure new projects across various infrastructure segments.

Q2 FY26 Financial Performance

For the quarter ended September 30, 2025, NCC reported the following consolidated results:

While the company experienced a slight decline in revenue and profitability compared to the same quarter last year, it maintains a focus on operational efficiency and margin improvement.

H1 FY26 Performance

For the first half of FY26, NCC's consolidated results were as follows:

Despite a slight decrease in revenue, NCC managed to improve its net profit for the half-year period, indicating effective cost management and operational improvements.

Diversified Project Portfolio

NCC operates across multiple infrastructure segments, including:

• Roads
• Water projects
• Railways
• Buildings
• Power transmission and distribution
• Mining
• Irrigation

This diversification helps the company mitigate risks associated with sector-specific fluctuations and capitalize on opportunities across various infrastructure domains.

Strategic Focus

The company is concentrating on:

1. Diversified execution across infrastructure segments
2. Maintaining margins above 7%
3. Leveraging its 47+ years of engineering experience
4. Utilizing its pan-India presence for project execution

Future Outlook

NCC plans to expand into emerging infrastructure areas such as:

• Smart infrastructure projects
• Green energy initiatives
• Urban connectivity solutions

These focus areas align with the government's infrastructure development priorities and may provide additional growth opportunities for the company.

Conclusion

Despite facing some headwinds in revenue growth, NCC Limited has demonstrated resilience through its expanding order book and improved profitability in H1 FY26. The company's diverse project portfolio and strategic focus on maintaining healthy margins position it well for future growth in India's infrastructure sector.

NCC Limited , a prominent player in the Indian construction sector, has reported a decline in revenue for the second quarter. The company's performance shows mixed results with challenges in revenue and profitability.

Financial Highlights

NCC reported quarterly revenue of 45.40 billion rupees compared to 52.00 billion rupees in the same period last year, representing a year-over-year decline of 12.69%.

Revenue and Profit Analysis

The company's consolidated net profit decreased to ₹100.96 crore compared to ₹160.55 crore in the previous year's corresponding quarter. This decline in profitability comes alongside the reduction in revenue.

Despite the overall decline, NCC's EBITDA margin improved to 8.66% from 8.52% year-over-year, indicating enhanced operational efficiency despite challenging market conditions.

Order Book

In the second quarter, NCC Limited secured new orders aggregating to ₹6,223 crore. As of September 30, the Order Book stood at ₹71,957 crore on a consolidated basis, providing visibility for future revenue streams.

Investor Perspective

For investors, the results present a nuanced picture. The decline in revenue and net profit may raise concerns, but the improved EBITDA margin and robust order book offer positive signals for the company's future performance potential.

As NCC Limited continues to navigate the dynamic construction sector, stakeholders will be watching closely to see how the company leverages its strong order book in the coming quarters.