Order Book (Consolidated)
₹1,27,000 Cr
+13,400 Cr in 9M FY26
Includes Supertech, Jammu & Kashmir, and Mahi projects; 60% redevelopment, 40% PMC.
NBCCINDIA
Diversified
10 Feb 2026
NBCC India Ltd — Q3 FY26
NBCC reported consolidated revenue of ₹8,329 crore for 9M FY26, up 13% YoY, driven by strong execution in PMC and redevelopment projects.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Supertech Project Units
50,000 units
40,000 sold, 10,000 unsold
Supreme Court appointed NBCC; estimated construction cost ₹9,500 Cr, receivable ₹16,000 Cr.
Sector 37D & Gurugram Land PAT
₹1,200 Cr
Expected in FY28
Real estate redevelopment projects with top line of ₹2,300 Cr and bottom line of ₹1,200 Cr.
New Orders Awarded in Q4 FY26
₹3,200 Cr
₹4,000 Cr in pipeline
Total awards expected ₹12,000-30,000 Cr for FY26; focus on converting order book to execution.
Management Guidance
FY26 PAT target of ₹700-800 crore
Management expects standalone PAT for FY26 to be in the range of ₹700-800 crore, despite Q3 margin pressure.
Management guidance marginsFY27 revenue guidance of ₹16,000-18,000 crore
Management guided consolidated revenue for FY27 at ₹16,000-18,000 crore, driven by execution of large projects.
Management guidance revenueFY27 PAT guidance of ₹1,000-1,200 crore
Management expects PAT for FY27 to be ₹1,000-1,200 crore, with further upside from real estate projects.
Management guidance marginsSupertech project execution timeline of 12-36 months
Construction will start next year with revenue recognition from FY27; total top line of ₹10,000 crore and PAT of ₹800-900 crore.
Management guidance growthKey Risks
Pollution-related construction bans
Delhi's stringent pollution control measures led to a slowdown in Q3 execution; management acknowledged impact but expects mitigation via technology and scheduling.
medium · analyst_questionExecution delays in large redevelopment projects
Projects like Jammu & Kashmir and Mahi require state government approvals; management noted delays but expects clearance soon.
medium · management_commentaryDependence on government approvals for new orders
The Delhi redevelopment project (30,000-40,000 Cr) is pending DDA approval; if delayed, order inflow may shift to next year.
medium · management_commentaryRevenue recognition tied to possession handover
Real estate profits (e.g., Sector 37D) can only be booked upon handing over possession, causing lumpy earnings.
low · data_observationNotable 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.
Frequently Asked Questions
What was NBCC India's revenue in Q3 FY26?
NBCC India reported revenue of ₹8,329 Cr in Q3 FY26, representing a +13% change compared to the same quarter last year.
What guidance did NBCC India management give for FY27?
FY26 PAT target of ₹700-800 crore: Management expects standalone PAT for FY26 to be in the range of ₹700-800 crore, despite Q3 margin pressure. FY27 revenue guidance of ₹16,000-18,000 crore: Management guided consolidated revenue for FY27 at ₹16,000-18,000 crore, driven by execution of large projects. FY27 PAT guidance of ₹1,000-1,200 crore: Management expects PAT for FY27 to be ₹1,000-1,200 crore, with further upside from real estate projects. Supertech project execution timeline of 12-36 months: Construction will start next year with revenue recognition from FY27; total top line of ₹10,000 crore and PAT of ₹800-900 crore.
What are the key risks for NBCC India in FY27?
Key risks include Pollution-related construction bans — Delhi's stringent pollution control measures led to a slowdown in Q3 execution; management acknowledged impact but expects mitigation via technology and scheduling.; Execution delays in large redevelopment projects — Projects like Jammu & Kashmir and Mahi require state government approvals; management noted delays but expects clearance soon.; Dependence on government approvals for new orders — The Delhi redevelopment project (30,000-40,000 Cr) is pending DDA approval; if delayed, order inflow may shift to next year.; Revenue recognition tied to possession handover — Real estate profits (e.g., Sector 37D) can only be booked upon handing over possession, causing lumpy earnings..
Did NBCC India meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full NBCC India Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.