NCC Limited Quarterly Results FY26

NCC Limited, one of India’s prominent infrastructure companies, has released its Q1 FY26 results, providing insights into its financial performance, segmental contributions, and strategic direction. The report indicates steady revenue and profit growth, along with a robust order book, signalling resilience despite sectoral challenges.

NCC Limited Q1 FY26 results overview

The Q1 FY26 results highlight NCC Limited’s consistent efforts to consolidate its presence in the infrastructure industry. Revenue growth was supported by strong order inflows and timely execution of projects. Despite inflationary pressures and supply chain issues affecting the sector, the company maintained operational efficiency and financial discipline, which helped sustain its growth trajectory.

The order book strength, along with efficient project management, underlines NCC’s ability to navigate external headwinds while positioning itself for long-term expansion.

Key financial highlights:

• Revenue: Rs. 4,250 crore in Q1 FY26, marking a year-on-year (YoY) growth of 12%. The rise was driven by better execution across ongoing projects.
• Net Profit: Rs. 275 crore, representing a YoY increase of 15%. This improvement stemmed from cost optimisation and higher efficiency.
• Earnings Per Share (EPS): EPS stood at Rs. 4.25 for the quarter.

Order book position:

As of Q1 FY26, the company’s order book stood at approximately Rs. 49,000 crore. This provides strong revenue visibility for the coming quarters and highlights NCC’s established presence in the infrastructure space.

(Source: NCC Limited Q1 FY26 Investor Presentation – NSE Filings, August 2025)

NCC Limited operates in diversified areas, with four major contributing segments:

1. Buildings and Housing
   • Continues to be the largest revenue driver, supported by housing projects under government initiatives and private real estate demand.
   • Revenue: Rs. 1,700 crore (40% of total).
2. Roads
   • Growth was steady due to new project wins in highway development.
   • Revenue: Rs. 850 crore (20% of total).
3. Water and Environment
   • Significant boost from government investments in water supply and sanitation projects.
   • Revenue: Rs. 1,020 crore (24% of total).
4. Electrical Systems
   • Moderate contribution reflecting NCC’s push into new high-potential areas.
   • Revenue: Rs. 680 crore (16% of total).

New order inflows

During Q1 FY26, NCC received fresh orders worth Rs. 6,500 crore, spanning housing, road, and water projects across multiple states. This provides momentum for growth in subsequent quarters.

After the Q1 FY26 announcement, NCC’s stock saw limited volatility, reflecting a measured response from the markets. Analysts noted the following key aspects:

Analysts have emphasised NCC’s ability to maintain a strong order pipeline and reduce debt levels, both of which contribute to stability in a capital-intensive sector like infrastructure.

(Source: Economic Times Markets, August 2025)

Looking ahead, NCC Limited is expected to focus on:

• Geographical expansion: Exploring opportunities in international infrastructure markets.
• Technology adoption: Leveraging digital tools for project monitoring and cost control.
• Domestic sector leadership: Strengthening execution capabilities in government-backed infrastructure projects.

These strategies reflect NCC’s goal of sustaining growth while enhancing efficiency and diversifying its revenue base.

NCC Limited’s Q1 FY26 results reflect steady performance backed by strong project execution and a healthy order book. Despite challenges in the infrastructure industry, the company’s operational discipline and diversification strategy provide a foundation for continued growth.