NCC Limited , a prominent player in the Indian construction sector, has reported mixed results for the second quarter ended September 30, 2025. The company's performance shows both growth and challenges across different metrics.

Financial Highlights (Standalone)

On a standalone basis, NCC reported quarterly revenue of ₹3,774.00 crore, marking a significant year-over-year growth of 34%. However, EBITDA declined by 16% to ₹278.00 crore, representing 7.37% of turnover.

Consolidated Performance

On a consolidated basis, the results showed a different picture:

The consolidated revenue reached ₹4,585.00 crore, reflecting a 12% year-on-year decline. EBITDA stood at ₹155.00 crore, which is 3.38% of revenue.

Order Book and Future Outlook

Despite the mixed financial results, NCC's order book shows strong growth:

• Order Book: ₹71,957.00 crore (37% year-on-year growth)
• Order Inflow: ₹6,223.00 crore (31% year-on-year growth)

The company attributed execution slowdowns to prolonged monsoon affecting site access and productivity across key geographies. NCC operates across multiple verticals including buildings, transportation, water, electrical, mining, and railways.

Future Expectations

NCC expects the second half of the fiscal year to see normal ramp-up with several large sites expected to gain traction, consistent with historical patterns of stronger second half performance.

Investor Perspective

For investors, these results present a nuanced picture. The standalone revenue growth and strong order book offer positive signals, while the decline in EBITDA and consolidated revenue may raise concerns. The company's diverse portfolio across various construction sectors and its optimistic outlook for H2 could be key factors in its future performance.

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 and manages operational challenges in the coming quarters.

NCC Limited , a prominent player in the construction sector, has announced a significant boost to its order book with new contracts totaling ₹7,538.94 crore in October. This development marks a substantial influx of business for the company.

Major Order Details

The company has secured a major order valued at ₹6,828.94 crore, which forms the bulk of the new business. This sizeable contract underscores NCC's capability to handle large-scale projects.

Additional Orders

In addition to the major contract, NCC has also bagged four smaller orders with a combined value of ₹710 crore. These orders are distributed across two of the company's key divisions:

Order Book Analysis

The new orders demonstrate NCC's diverse project portfolio, spanning both building construction and transportation infrastructure.

The substantial value of these new orders, particularly the major contract, may provide NCC with improved revenue visibility. It also reflects on the company's ability to secure large projects in a competitive market environment.

Investors and market analysts may view this development as an indicator of NCC's business momentum in the construction sector. However, the execution of these projects and their impact on the company's financial performance will be key factors to watch in the coming periods.