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Revenue
₹3,022 Cr
verified against source
Revenue YoY
13%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
NBCC reported consolidated revenue of ₹8,329 crore for 9M FY26, up 13% YoY, driven by strong execution in PMC and redevelopment projects. Q3 standalone PAT grew 53% YoY to ₹196 crore, though margins were impacted by pollution-related construction bans in Delhi. The Supreme Court's approval for the Supertech project adds ₹16,000 crore in receivables and ₹10,000 crore in construction revenue over 12-36 months. Management guided FY26 PAT of ₹700-800 crore and FY27 revenue of ₹16,000-18,000 crore with PAT of ₹1,000-1,200 crore, driven by large projects like Sector 37D, Netaji Nagar, and Jammu & Kashmir. Key risks include execution delays due to pollution regulations and dependency on government approvals for new redevelopment projects.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects standalone PAT for FY26 to be in the range of ₹700-800 crore, despite Q3 margin pressure.
- Management guided consolidated revenue for FY27 at ₹16,000-18,000 crore, driven by execution of large projects.
- Management expects PAT for FY27 to be ₹1,000-1,200 crore, with further upside from real estate projects.
- Construction will start next year with revenue recognition from FY27; total top line of ₹10,000 crore and PAT of ₹800-900 crore.
Risks flagged
- Delhi's stringent pollution control measures led to a slowdown in Q3 execution; management acknowledged impact but expects mitigation via technology and scheduling.
- Projects like Jammu & Kashmir and Mahi require state government approvals; management noted delays but expects clearance soon.
- The Delhi redevelopment project (30,000-40,000 Cr) is pending DDA approval; if delayed, order inflow may shift to next year.
- Real estate profits (e.g., Sector 37D) can only be booked upon handing over possession, causing lumpy earnings.
Key quotes
- Supreme Court of India has upheld the NCT order appointing NBCC to complete Supertech projects providing major relief to thousands of home buyers.
- Conversion of book to execution that is a challenge but hopefully next year we will come to pre.
- We are giving conservative figure it may increase but I'm not telling only 2,000 conservative figure 2010 but once and as well as the certificate position is over then something else it will be twice of this number.
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