NCC Limited has reported its third quarter consolidated financial results, showing a mixed performance with declining profitability and revenue but improved operational efficiency metrics compared to the corresponding period last year.

Financial Performance Overview

The construction and infrastructure company posted consolidated net profit of ₹1.2 billion for the third quarter, marking a significant 38% decrease from the ₹1.93 billion recorded in the same quarter of the previous year. Despite the profit decline, the company demonstrated improved operational efficiency with EBITDA margin expanding to 8.96% from 8.27% in the year-ago period.

Revenue and EBITDA Performance

NCC's consolidated revenue for the third quarter stood at ₹48.7 billion, representing an 8.9% decline from ₹53.44 billion achieved in the corresponding quarter of the previous year. The company's EBITDA came in at ₹4.36 billion compared to ₹4.42 billion in the same period last year, reflecting a marginal 1.4% decline.

Operational Efficiency Gains

Despite the revenue and profit headwinds, NCC demonstrated improved operational efficiency with EBITDA margin expanding by 69 basis points to 8.96% from 8.27% in the year-ago quarter. This margin improvement indicates better cost management and operational optimization despite the challenging business environment.

Year-on-Year Analysis

The quarterly results present a nuanced picture for NCC, with traditional profitability metrics showing pressure while operational efficiency indicators improved. The EBITDA margin expansion suggests the company has been successful in managing its operational costs relative to revenue, even as absolute profit and revenue figures declined during the quarter.

NCC Limited has announced securing five orders worth Rs 2456.89 crore (excluding GST) during January 2026, marking a significant business development for the construction and infrastructure company. The orders span across three key divisions of the company, demonstrating diversified project acquisition capabilities.

Order Distribution Across Divisions

The order book expansion reflects strong performance across NCC's core business segments:

The Water Division emerged as the primary contributor, securing Rs 1922.26 crore worth of orders, representing approximately 78% of the total order value. This substantial allocation underscores the division's strong market position and execution capabilities in water infrastructure projects.

Business and Compliance Details

NCC emphasized several key aspects regarding these order acquisitions:

• All orders were received in the normal course of business operations
• No internal orders are included in the reported figures
• Promoters, promoter group, and group companies have no interest in the entities awarding these projects
• The transactions do not fall under Related Party Transaction categories

Corporate Governance and Transparency

The company filed this disclosure under Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations, ensuring transparency with stakeholders. Company Secretary Sisir K Mishra signed the official communication to both the National Stock Exchange of India Limited and BSE Limited on January 31, 2026.

These order wins across multiple divisions demonstrate NCC's diversified project portfolio and strong market presence in infrastructure development. The significant contribution from the Water Division particularly highlights the company's expertise in water infrastructure projects, while the Transportation and Electrical divisions continue to contribute meaningfully to the overall business growth.