NBCC India Ltd — Q3 FY26

NBCC India Ltd Q3 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=ZTPt98UsUi8 Published: 2 months ago

0:01 1 second Ladies and gentlemen, good day and welcome to the NBCC Limited Q3 and 9M FY26 earnings conference call hosted by 0:10 10 seconds Ventura Securities Limited. As a reminder, all participant lines will be in the listenonly mode and there will be an opportunity for you to ask questions after the presentation concludes. 0:22 22 seconds Should you need assistance during the conference call, please signal an operator by pressing star and then zero on your touchstone phone. Please note this conference is being recorded. 0:33 33 seconds Before we begin, I would like to point out this conference call may contain forward-looking statements about the company which are based on the belief, 0:41 41 seconds opinions and expectation of the company as on date of this call. These statements do not guarantee the future performance of the company and it may 0:50 50 seconds involve risks and uncertainties that are difficult to predict. I would now like to hand the conference over to Tanme 0:57 57 seconds Jane from Ventural Securities. Thank you and over to you sir. Yeah, thank you. 1:05 1 minute, 5 seconds Good day everyone. On behalf of venture securities, I welcome you all and we are pleased to host the Q3 and 9 month FY26 an conference call of NBC India Limited. 1:16 1 minute, 16 seconds Venture of securities appreciates its association with the company and thanks the management for taking the time to interact with investors today. The 1:23 1 minute, 23 seconds company's today represented by Shri KP Mahadevas Swami chairman and managing director Dr. Suman Kumar director 1:30 1 minute, 30 seconds commercial Shri Anjivir Kumar Jan director finance Shri MB Singal executive director finance and Shri Bal Kishan Singhla from investor relations. 1:41 1 minute, 41 seconds I would now like to hand over the call to the management for their opening remarks. Thank you and over to you sir. 1:49 1 minute, 49 seconds Good morning everyone. A warm welcome to all of you in today's report for third quarter. 1:57 1 minute, 57 seconds For third quarter on standalone operation and execution we have achieved a total income of 288 CR and 322 cr on 2:07 2 minutes, 7 seconds consolidated reflecting a 8% increase on consolidated basis 2:14 2 minutes, 14 seconds and our standalone P stands 196 crores making significant 53% yearon-year 2:21 2 minutes, 21 seconds growth in profitability for 9 months on standalone operation and execution. We have achieved total income of 5,842 cr 2:31 2 minutes, 31 seconds and 8329 cr on consolidated reflecting 13% yearon year increase in consolidated 2:38 2 minutes, 38 seconds basis. As you are aware that Supreme Court of India has appelled the NCT order appointing NBCC to complete super 2:46 2 minutes, 46 seconds tech projects providing major relief to thousands of home buyers. So this is a landmark decision and quote what it 2:54 2 minutes, 54 seconds shows about believe in NBCC capability and delivering stress real estate projects. It is very pertaining to note 3:02 3 minutes, 2 seconds that how categorically Supreme Court said that no court shall interfere with the implementation of this decision. The 3:10 3 minutes, 10 seconds project comprises of approximately 50,000 units of which 40,000 units already sold and 10,000 units remain unsold. 3:19 3 minutes, 19 seconds The total estimated receivable from the project is 16,000 cr and estimated construction cost approximately 9,500 3:27 3 minutes, 27 seconds cr. Execution duration 12 months to 36 months depending on the project stage and complexity. 3:36 3 minutes, 36 seconds Now order book of NBCC. NBCC standalone order book is standing 1 lakh 12,000 CR and consolidated order book 1 lakh 3:44 3 minutes, 44 seconds 27,000 CR. Business secured LBCC has secured 3,300 on consolidated basis in 3:51 3 minutes, 51 seconds quarter 3 which makes a total of 13,400 cr in 9 months of financial aid 2526. 3:58 3 minutes, 58 seconds Following major projects secured in quarter 3. Redevelopment of Pulini Ketan at Gajyabad for Gajyabad Development Authority 643C. 4:08 4 minutes, 8 seconds Integrated from Township Jark and Damada Valley Corporation DVC around 500 CR. A 4:15 4 minutes, 15 seconds valley vehicles factory AVNL at Chennai 350 CR. Central University CME rupees 4:22 4 minutes, 22 seconds 340 CR. Indian Institute of Technology Mandi 333 crores 4:29 4 minutes, 29 seconds business awarded to the contractors in quarter through three we have awarded 1,000 C 600 CR of new tenders on 4:38 4 minutes, 38 seconds consolidated level which makes a total of 5,000 CR in 9 months in quarter 4 we have already awarded 3,200 and 4,000 4:47 4 minutes, 47 seconds crores are in pipeline therefore we are expecting around 12,000 to 30,000 crores of new work will be awarded during this 4:54 4 minutes, 54 seconds financial year. redevelopment projects for 9 months financial layer 26 GP 5:01 5 minutes, 1 second redevelopment contributed 1,500 cr in topline and development of the project 5:08 5 minutes, 8 seconds we already awarded 2,700 cr in current financial year to till date and 400 cr 5:16 5 minutes, 16 seconds are in pipeline to be awarded in naragar and sujeneag project nagar value current of 2,500 is going in different cases. 5:28 5 minutes, 28 seconds Turojinagar this is a large project work has been going in on multiple packages and amounting of rupes 4,000 cr 600 5:37 5 minutes, 37 seconds criti project status we have achieved a significant breakthrough in Delhi with the settlement of long pending 5:45 5 minutes, 45 seconds determinant dispute between NBCC and government of NCT of Delhi bringing years of litigation to clear closure 5:53 5 minutes, 53 seconds this enables NBCC to develop 21.23 23 acre prime land parcel in South Delhi as landmark mixed use projects. The 6:02 6 minutes, 2 seconds development has a estimated builtup potential of around 4.45 lakh square meter and revenue potential nearly 8,500 6:10 6 minutes, 10 seconds cr sufficiently strengthening our future development pipeline value creation of 6:16 6 minutes, 16 seconds outlook. Amraali projects for 9 months 2026 Amraali stall project phase one2 6:23 6 minutes, 23 seconds has contributed 1,640 cr in top line for sale we have actioned the bul sale of 6:30 6 minutes, 30 seconds six f projects namely centurion park dream valley leisure park silicon city gold leisure valley having total number 6:39 6 minutes, 39 seconds of 4,800 units amounting of rs 12,000 cr rupees till date around 237 70 has been received from the bul. 6:51 6 minutes, 51 seconds The balance unit has to be told sold is around 2,400 units having tentative sale value of around 4,800 CR. Thank you. Now the forum is open for question answer. 7:04 7 minutes, 4 seconds Thank you sir. Ladies and gentlemen, we will now begin the question and answer session. If you have a question, please 7:12 7 minutes, 12 seconds press star and one on your telephone keypad and wait for your turn to ask the question. If you would like to withdraw 7:20 7 minutes, 20 seconds your request, you may do so by pressing star and one again. 7:27 7 minutes, 27 seconds First question comes from Rabi Nared from Nared investment. Please go ahead. 7:36 7 minutes, 36 seconds Sir landed before me. Now court decision came and NBCC developed 21.23 acre land. 7:44 7 minutes, 44 seconds You told in quarter 2 concord that net profit might be come to 4,000 to 5,000 cr. So it is visible now and this 7:53 7 minutes, 53 seconds financial year likely to receive this amount. 7:58 7 minutes, 58 seconds We going to start this project by next year. So now the settlement is over. We have made the payment also to G&TC. Now we have to call the consultant tender. 8:09 8 minutes, 9 seconds Hopefully March we going to call the consultant tender. One or two months the consultant will be finalized. But next year the construction and sale will 8:18 8 minutes, 18 seconds going to takes place. Yes. Around 4,000 to 5,000 rupees property will be there. 8:22 8 minutes, 22 seconds Pat will be there. Bottom line in which financial year we are expecting? 8:29 8 minutes, 29 seconds Uh 27 28 28 28 uh because the real estate uh it will 8:36 8 minutes, 36 seconds come at the end of position. Uh the turnover will come cash will come next year and watch only but the uh profit 8:45 8 minutes, 45 seconds and turnover will be coming while handing over the position flat to the buyers. 8:53 8 minutes, 53 seconds So what what we will develop here flats or commercial property what we have in 9:00 9 minutes mind it is it is adjing to metro station wherein P policy is available so we'll 9:09 9 minutes, 9 seconds go for retail commercial or we are thinking for the hotel also whichever 9:17 9 minutes, 17 seconds use more so that we going to After due it will come exactly what we going to do but we will sell them not lease right? 9:30 9 minutes, 30 seconds Yes sir. 9:32 9 minutes, 32 seconds Okay and uh balance 21.23 two three land which Delhi government received. 9:38 9 minutes, 38 seconds We will develop that land also. 9:42 9 minutes, 42 seconds Maybe maybe we are discussing let us see we we may develop for them also because also it is a prime location they will also get good number of revenue. 9:52 9 minutes, 52 seconds Okay sir. Next question. Land gurug 37D which we are developing and projected net profit 800 cr in financial year 28. 10:02 10 minutes, 2 seconds So we presume from Gethonyi and Gurug we received 5,000 to 6,000 cr net profit in 2017. 10:13 10 minutes, 13 seconds Yes definitely definitely the top line will be around 2,300 and the bottom line will be 1,200. 10:22 10 minutes, 22 seconds So adding more together around 5,000 to 6,000 for 5,000 to 6,000. Very well said. And sir, 10:31 10 minutes, 31 seconds what is the our topline target in financial year 27? 27. 10:39 10 minutes, 39 seconds Yeah. Next year. Yeah. Yeah. Next year. 16 to 18,000. 10:46 10 minutes, 46 seconds 16 to 18,000. And what is bottom line? 10:51 10 minutes, 51 seconds Bottom line around 1,000 CR 1,2,200 CR for this financial year 26 we are 10:58 10 minutes, 58 seconds expecting 900 cover bottom line right 800 to 900 800 to 900 precisely. 11:06 11 minutes, 6 seconds Okay. Thank you very much. Thank you very much. 11:12 11 minutes, 12 seconds The next question comes from Shuhit Sumit Rohira from Smarts and Capital Private Limited. Please go ahead. 11:18 11 minutes, 18 seconds Uh hi sir. Good morning. First sir firstly uh you know I would like to basically take the opportunity to wish you and your entire team a very uh you 11:27 11 minutes, 27 seconds know happy and and a good new year going ahead so now uh you know I just wanted to touch base upon a few things uh you 11:33 11 minutes, 33 seconds know firstly sir you know today your uh you know if you look at your order book you know you are at about 1 lakh 25,000 11:41 11 minutes, 41 seconds cr uh you have land you know which has been cleared as you just highlighted uh you know you've got potential opportunities you know with Mumbai Port 11:49 11 minutes, 49 seconds Trust as well you know which was announced in November. So sir seeing the landscape of this company uh you know you are at you know a point of time 11:58 11 minutes, 58 seconds where you know revenues can grow significantly higher rather than just 18 to 20%. Right? Because I mean you know 12:06 12 minutes, 6 seconds this order book which you have today you know clearly goes to show one thing that uh you know the work on hand which you have is not an issue. Okay. Because 12:15 12 minutes, 15 seconds sector 37D also you have you know so sir uh can you just talk can can you just talk a bit about the steps you're taking 12:23 12 minutes, 23 seconds on execution because that is only what is going to basically drive us ahead right because the work you have I mean now you've got the super tech project as well which has now come in your favor. 12:33 12 minutes, 33 seconds So you know work is work is not is not a constraint for you. Uh you know execution is something sir which you know honestly if you know we get it 12:41 12 minutes, 41 seconds completely correct. Uh you know can uh you know then take uh you know this entire company to a different magnitude in terms of scale and operations you 12:49 12 minutes, 49 seconds know. So if you can if you can just you know spend a bit of time on you know talking about execution then that'll be wonderful. Sir, secondly you know there 12:57 12 minutes, 57 seconds is uh you know something which has come on the Bloomberg terminal which basically talks about you know the RARA approved housing projects in Jammu 13:04 13 minutes, 4 seconds Kashmir. Uh can you just uh you know highlight how big is that uh opportunity uh you know which has basically come uh 13:13 13 minutes, 13 seconds also sir on the on the Mumbai port trust uh you know uh you know how big you know could be that could be that opportunity 13:20 13 minutes, 20 seconds because you know I mean I see that you know this company could be you know more than a one lakh cr market cap company over the next couple of years. So you 13:28 13 minutes, 28 seconds know but you know there are few things which are clearly missing you know which really need to be addressed in terms of execution. So sir if you can talk a bit 13:35 13 minutes, 35 seconds about that'll be wonderful and then I'll come back to you with further question. Thanks sir. 13:40 13 minutes, 40 seconds Summit first of all we are doing in three models. NBCC working in three models. One is PMC other one is EPC 13:50 13 minutes, 50 seconds third one is real estate. In PMC we are doing two model under PMC. One is redevelopment. The other one is PMC. So 13:59 13 minutes, 59 seconds where PMC projects where government is budgeting there is no issue we can start the projects within 6 months whereas 14:06 14 minutes, 6 seconds redevelopment projects we have to arrange the money we have to get the approval we have to convince the localities under Jammu Kashmir we got 14:15 14 minutes, 15 seconds three major chunk of order one is Mah the other one is Jammu Kashmir it is almost 40,000 cr rupees so Jammu Kashmir 14:24 14 minutes, 24 seconds uh due to I don't want to brief in this media due to some certain issues it could not take place. Now everything is clear. I 14:33 14 minutes, 33 seconds think within a week or 10 days we going to get the approval from state government. Of course it is a state government project. State governments 14:41 14 minutes, 41 seconds who are working, federal government are working and PS working are different. So I don't want to lingering on much on this because of this it took some time. 14:50 14 minutes, 50 seconds Even ma also load already 10%. I think next financial year even Jammu Kashmir and Mahi these two budget will going to 14:58 14 minutes, 58 seconds flat. Of course Mumbai portrait is a PC body. So wherein I think approvals also not required much more approval they inhouse approval. 15:09 15 minutes, 9 seconds So that also going to start next year. 15:12 15 minutes, 12 seconds Yes you're right. Conversion of book to execution that is a challenge but 15:18 15 minutes, 18 seconds hopefully next year we will come to pre So sir I mean uh so I mean if you can 15:26 15 minutes, 26 seconds understand you know a bit more in detail on your revenues. Uh so say assuming you know we end you know this financial year because you reported 9 months or about 8 15:34 15 minutes, 34 seconds and a half. So assuming we end at about 12 13,000 cr for this year. So you're saying that next year we should end at about 18,000 is what I heard correctly. 15:42 15 minutes, 42 seconds I mean is that correct? 15:44 15 minutes, 44 seconds Yes yes yes definitely that is the conservative figure. We may go more also. I'm talking about conservative figures. 15:52 15 minutes, 52 seconds Okay. So for FI27, you're saying you could report a revenue of about 18,000 and and and and I'm sure that can only build going into FI28, you know, with 16:00 16 minutes the momentum of uh you know, your projects which you're having in 37D and G3 and the other ones which you have in your order book and sir can you also 16:09 16 minutes, 9 seconds talk you know a little bit about you know new projects you know that there's you know there was a lot of chatter about the new redevelopment colonies in 16:17 16 minutes, 17 seconds Delhi etc. So sir is there been any progress on that front? I mean you know how big could be that one be and any I 16:24 16 minutes, 24 seconds mean any progress anything you can share with us on that sir not now I will share with you guys good 16:31 16 minutes, 31 seconds news will be shared earlier it is going on okay it will be around 35 work in Delhi only 16:40 16 minutes, 40 seconds redevelopment projects for central government apart from that state government also we are doing lot of uh presentations and 16:48 16 minutes, 48 seconds all once you come to our k we'll let It will be it will be announced to you at the earliest hopefully this year or first quarter of next year definitely. 17:00 17 minutes You mean you mean financial year? You mean next quarter of first part of next year? 17:05 17 minutes, 5 seconds Yes. Yes. Hopefully within March uh we are we have given the presentation and 17:12 17 minutes, 12 seconds all to DD also Delhi development authority. Mhm. 17:15 17 minutes, 15 seconds So two projects will come within this week only that is nearly some 202 17:24 17 minutes, 24 seconds we are going to develop that and 17:31 17 minutes, 31 seconds okay okay wonderful and s sorry I mean you spoke I mean on your revenue so so can you also talk a bit about you know 17:38 17 minutes, 38 seconds your profitability as well because that will be helpful to understand so FY27 uh I mean I'm sorry I missed earlier number what you were the the line was not 17:47 17 minutes, 47 seconds clear. So what are you looking in terms of profit by 2010? 17:51 17 minutes, 51 seconds I told in 27 28 1,002,200 this is also conservative figure. 17:59 17 minutes, 59 seconds Okay. So 20 you're looking at a profit of,000. Okay. 1,002,200. 18:06 18 minutes, 6 seconds Okay. Got it. Okay. Great. So I'll come back in the queue for more questions. Thank you and wish you all the best. Thank you. Thank you. 18:15 18 minutes, 15 seconds The next question comes from Digshit Toshi from Whiteststone Financial Advisors Private Limited. Please go ahead. 18:22 18 minutes, 22 seconds Uh yeah, thanks for the opportunity. Uh sir, uh two three questions from my side. Firstly, if you can give a 18:30 18 minutes, 30 seconds clarification whether this one lakh 26,000 cr of order book uh does this include the 10,000 cr super tech or it 18:38 18 minutes, 38 seconds doesn't included included in the super including the super tax. 18:43 18 minutes, 43 seconds Okay. including super tech. uh so basically if I say let's say 40,000 K of MA and JNK and 10,000 K of super tech 18:53 18 minutes, 53 seconds that 50,000 K uh is actually not nothing has started over there out of this uh 19:00 19 minutes one like 26,000 cr and you expect entire this 50,000 cr will uh start from next year onwards 19:08 19 minutes, 8 seconds yes definitely next year onwards both the budget will going to start JNK already appointed the consultant 19:16 19 minutes, 16 seconds Mahaprit you have to yet to award the consultant and uh execution will start from next year both projects 19:25 19 minutes, 25 seconds okay so uh revenue contribution from both the projects will come in second half of next year because uh still we'll 19:32 19 minutes, 32 seconds be I mean we are for doing consultant and work tenders for work will be 19:39 19 minutes, 39 seconds awarded and then the revenue recognition will start gain Second year consultant already 19:45 19 minutes, 45 seconds appointed Mahit award. So second next year second third quarter onwards. 19:56 19 minutes, 56 seconds Okay. Uh so next question is regarding margins. So what went wrong this quarter? I think our margins have 20:03 20 minutes, 3 seconds dropped uh drastically this quarter. So was there any one off and expenses side? 20:09 20 minutes, 9 seconds Actually what happened uh in our 30 to 40% turnover come from Amraali and 7 GP 20:19 20 minutes, 19 seconds colony. So out of total 9,000 CR 30 to 40% of the turnover comes from these two projects due to graph in the third 20:28 20 minutes, 28 seconds quarter we are not push up that path that is the reason I think this quarter we going to cover up this backlog. 20:38 20 minutes, 38 seconds Okay. So uh so do you feel still we can do the 800 K uh plus profit uh in the 20:46 20 minutes, 46 seconds financial year? Yes. Yes. Around 700 to 800 definitely 20:52 20 minutes, 52 seconds 700 to 800. Okay. And uh sir we have done uh uh uh one ride back uh for the 21:00 21 minutes Kochi Kerala land. So if you can update whether this project was already built or uh now this uh this project we will 21:08 21 minutes, 8 seconds be doing because uh I think we have got the EC approval after the Supreme Court judgment. 21:16 21 minutes, 16 seconds Actually last year last quarter we have made a provision due to Supreme Court given some verdict not on our project 21:24 21 minutes, 24 seconds for all the projects due to non-clarance of environmental clearance but this time Supreme Court has given clearance so the 21:33 21 minutes, 33 seconds work almost 95% completed now we will going to start the sale of that inventory so next year I think the 21:41 21 minutes, 41 seconds turnover and profit both will come in the next year how How much is the value of inventory? 21:49 21 minutes, 49 seconds It is 7 cr as per book value. How much? 21:53 21 minutes, 53 seconds 100 K as for book value. Okay. Around 100 roughly we can say 100. 22:01 22 minutes, 1 second Okay. 100. 22:05 22 minutes, 5 seconds Okay. Okay. As of now that's it from my side. I'll join in. Thank you. Thank you. 22:12 22 minutes, 12 seconds The next question comes from Akshai Patil from NBCC. Please go ahead. Hello. 22:21 22 minutes, 21 seconds Hello. Uh tell me. 22:23 22 minutes, 23 seconds Yeah. Yeah. Congratulations to the team on good set of numbers and going forward I want to know about the result in the 22:32 22 minutes, 32 seconds 2028 and 2029 financial year where the uh in the previous corn calls it was predicted that the bottom line will hit 22:39 22 minutes, 39 seconds 2,000 cr. So if we get uh 1,200 cr pat next year. So the very next year is it possible to jump to 2,000 cr? 22:52 22 minutes, 52 seconds Uh quite possible because we are hoping this real estate 37D wherein our bottom 22:58 22 minutes, 58 seconds line around 1,200 cr profit we may get and even our real estate. So that figure 23:05 23 minutes, 5 seconds still I am confident I will going to get. 23:10 23 minutes, 10 seconds Okay. Uh so you are betting on the uh three to four big projects uh and 23:17 23 minutes, 17 seconds because of that you have projected that 2,000 will be the bottom line for the 2028 and 2029 financial year right? 23:25 23 minutes, 25 seconds Yes it is our land so investment is already invested so now only we have to take the profit consumption and profit. 23:34 23 minutes, 34 seconds So that's why we may get more profit in there. It is not a PMP project. It is our real estate redevelopment projects. 23:43 23 minutes, 43 seconds Okay. And uh I have been uh looking at uh at the news uh which was shared. I've seen that the NDCC has made some 23:52 23 minutes, 52 seconds strategic Yamo use with many of the government agencies and including the foreign governments. So what will be the you know future prospects of such yamus? 24:04 24 minutes, 4 seconds Uh will those get converted into revenue in the near term? 24:09 24 minutes, 9 seconds Definitely some two three countries we are expecting business. One is Australia, the other one is seashells. 24:17 24 minutes, 17 seconds Seell's government wanted to do some hospital work construction and one island development. So discussion is 24:24 24 minutes, 24 seconds going on at the I think we going to sign a movie with Cecil government and Australia government also we are doing some discussions. So apart from that 24:33 24 minutes, 33 seconds NBCC recently purchased one land parcel at Dubai. You might have aware of this. 24:39 24 minutes, 39 seconds So there also we will going to get some good profit margin. Just for trial basis we have purchased small land. So we 24:48 24 minutes, 48 seconds wanted to expand our business in Dubai also. 24:53 24 minutes, 53 seconds Okay. Uh so all uh the order book execution will pick up pace uh it means 25:00 25 minutes it will pick up grow exponentially from the 27 27 2028. Yes. 25:07 25 minutes, 7 seconds Yes. Definitely definitely these two are our work order. These not two three we going to start super tech also next year 25:14 25 minutes, 14 seconds already appointed. Now we have to get the clearance looking exemption. So finally we will try to pass the tender 25:23 25 minutes, 23 seconds of contractors. It will be around 10,000 cr top line and sale value will be 15,000 cr Mahapri and JNK and we will 25:33 25 minutes, 33 seconds going to call the tender of Rajasthan one more project state government project Rajasthan Mandapam that is also around 4,000 CR project that tend I 25:42 25 minutes, 42 seconds think we will going to call by March so lot of work done in pipeline definitely next year onwards we will our main focus 25:51 25 minutes, 51 seconds is to convert the order book to execution that is our prior that we are working and uh it is going to happen at the earliest. 25:59 25 minutes, 59 seconds Yeah, happy to hear that because of uh covid this company has got huge tendency in the execution but after your 26:08 26 minutes, 8 seconds appointment we have seen a sustainable and very exponential growth in the order booked execution and hope the team and this is a team does it make it possible. 26:18 26 minutes, 18 seconds Thank you very much. Thank you. Thank you. 26:25 26 minutes, 25 seconds Next question comes from Kiti Jane from Ratnavali Securities. Please go ahead. Maharashtra. 26:32 26 minutes, 32 seconds Uh, hi to so I had a question that uh what will be the size for the Maharashtra port order? 26:44 26 minutes, 44 seconds Maharashtra portress. Mumbai portress. 26:47 26 minutes, 47 seconds Yeah, Mumbai portra going to start the work next year. It will be converted and it will be started 26:55 26 minutes, 55 seconds already we are doing master and it will be big garden currently 27:01 27 minutes, 1 second currently that CGO complex that's only first we are taking on because Mumbai 27:07 27 minutes, 7 seconds for trust is having almost 300 acre land so first of all we are going to start CGO complex so that is sell for around 27:17 27 minutes, 17 seconds 10,000 CR value for infrastructure and development And if you start transession it will be it will be a big value currently yet to assess the exact value. 27:27 27 minutes, 27 seconds So we are preparing master plan and all. So it is a big order I can say. 27:34 27 minutes, 34 seconds Okay sir. And uh one more question that uh one yeah so had recently signed anou 27:43 27 minutes, 43 seconds with chhattisgar government to provide financial assistance of 1 lakh crores in the next 5 years. Can we expect some of it to come towards NBCC as well? 27:54 27 minutes, 54 seconds Yes. Discussion is going on even and after successful story of Rajatam and 28:03 28 minutes, 3 seconds JNK. Now we are talking with various other state governments. So one of them Jetty and Jarkand Jand at the ear going 28:13 28 minutes, 13 seconds to sign discussion is going on. So definitely I think even Andra Andra Pradesh also some discussions is going on. So this 28:22 28 minutes, 22 seconds redevelopment model of Delhi that Notwagar and 7 GP World Trade Center same model we wanted to expand to state 28:30 28 minutes, 30 seconds government so that state government could not invest any money. Initially we need some seed money that can be taken 28:37 28 minutes, 37 seconds from ado. So afterwards they going to get in terms of area they going to get four x suppose x of area they going 28:46 28 minutes, 46 seconds to get four * x and in terms of number minimum two times and without incurring any money and maintenance will be free for 20 30 years we will do maintenance. 28:57 28 minutes, 57 seconds So this is the one of the best project redevelopment better than PPP model because in PPP model so it is better 29:05 29 minutes, 5 seconds than PPP model because wherein private PPP model private people want some profit margin of 30 40%. In this case 29:13 29 minutes, 13 seconds that whatever profit that will go to directly the concerned owner or in this case state government or central 29:21 29 minutes, 21 seconds government whoever may be we are charging our PMC fee. So this model we are briefing to all the state government. I think hopefully because 29:30 29 minutes, 30 seconds they have very good land parcel in the heart of the city and uh or even townships. 29:38 29 minutes, 38 seconds They are trying to expand this business to even PS also public taking also having land parcel. Hopefully it will convert in the next coming years. 29:51 29 minutes, 51 seconds Okay. So one last question. Government and the budget had recently said that they will monetize certain lands such as 29:59 29 minutes, 59 seconds the MPNLBsl building through REITs. Is it not negative for NBCC? 30:05 30 minutes, 5 seconds No, no, no, no. We are also doing of course we have lot of work order and lot of opportunity we have. So there is no 30:12 30 minutes, 12 seconds issue for us. So we have a good order book already. We have secured we have to convert. So that also we are doing and we are getting new business also. 30:23 30 minutes, 23 seconds All right. Thank you. 30:28 30 minutes, 28 seconds The next question comes from Vasuv from Noama. Please go ahead. Yeah, thank you for the opportunity sir. 30:35 30 minutes, 35 seconds So when most of the questions are answered, I just need a few numbers. So um out of this total about 12,700 crores 30:43 30 minutes, 43 seconds of consolidated order book that we have what would be a rough split between the PMC and the redevelopment and out of this how much of the projects like in 30:52 30 minutes, 52 seconds value terms is currently work is ongoing in terms of PMC 40% around 45,000 core 31:01 31 minutes, 1 second and 60% redevelopment means 67,000 coursees so consolidated order book is 1 lakh 26,000 31:10 31 minutes, 10 seconds Okay. And uh out of this how much of the work is still ongoing? Currently the works are ongoing. 31:18 31 minutes, 18 seconds Uh currently ongoing is around for NBCC standalone 26,000 crl 31:24 31 minutes, 24 seconds 2300 core HCC 272 crores and NSL around 250 cr. So total 30,500 is ongoing. 31:36 31 minutes, 36 seconds Okay. uh answer in terms of profitability you said about 700 to 800 crores of PT for this year. So what kind 31:44 31 minutes, 44 seconds of revenues are we targeting now and EIDA margins for this year and the next year? 31:51 31 minutes, 51 seconds Uh turnover will be around 14,000 cr as earlier we have committed a will be 5 to 6% and PAT will be 6 to 7%. 32:02 32 minutes, 2 seconds Okay. And uh in terms of order and close as well like we've already got about 13,400 crores. So how much more do we expect in fourth quarter? 32:13 32 minutes, 13 seconds Uh we are expecting one big ger not one one or two. So definitely around 3,400 32:20 32 minutes, 20 seconds course we going to get uh in this month only. So uh last time only we have committed minimum around 20,000 cr during this year. 32:31 32 minutes, 31 seconds minimum we may get more also okay 32:39 32 minutes, 39 seconds yeah if you get redevelopment of Delhi project it will be 30 40,000 cr 32:48 32 minutes, 48 seconds okay otherwise it will come next year next year if not this year next year definitely it will come to our kitty 32:56 32 minutes, 56 seconds okay got it so then uh next Here again we are targeting a similar kind of order in close 20,000 crores 33:05 33 minutes, 5 seconds more more definitely next year more got it sir and now in terms of our 7 GP 33:13 33 minutes, 13 seconds societies like you know how much is our pending order book in sir roi nagar and majinagar and when do we expect to 33:21 33 minutes, 21 seconds complete both of these projects uh both these project next two year within two years we going to complete 33:29 33 minutes, 29 seconds this entire 7g because we have awarded all the packages 7 GP andagar 33:36 33 minutes, 36 seconds recently we have awarded in the during the month of February so the completion period is 2 years so within 2 years this 33:44 33 minutes, 44 seconds 7 GP we going to end up okay so now pending order book would be how much 33:54 33 minutes, 54 seconds uh around 4,000 cr in sinagar 1,400 1,600 in nitinear. 34:03 34 minutes, 3 seconds Okay. All together. 34:10 34 minutes, 10 seconds Right sir. And uh even same numbers can you give for Amraali as well like you know how much out of the total units how 34:18 34 minutes, 18 seconds much have you already sold and when do we expect to complete this project? 34:23 34 minutes, 23 seconds This also 2ear project we keep the completion period for 2 years. almost we have already sold 5,800 units in phase 2 34:31 34 minutes, 31 seconds I'm talking about phase 2 phase one out of 38,000 we have completed almost 36,000 only 2,000 is left that we going 34:40 34 minutes, 40 seconds to complete by June June 26 we going to complete the entire phase one of phase 2 34:48 34 minutes, 48 seconds almost 5,800 unit sold around 4,000 unit yet to be sold sorry 2,400 unit unsold 34:56 34 minutes, 56 seconds that we are uh uh doing action for bulk sale in the process of bulk. Okay. Hello. 35:04 35 minutes, 4 seconds Got it. Yes. Yes sir, you are audible. Okay. 35:12 35 minutes, 12 seconds And uh sir, finally in terms of our own real estate that we um have so like you know what is that we've sold in the 9 35:21 35 minutes, 21 seconds months and our target like the pre-sales target for the full year. 35:27 35 minutes, 27 seconds 9 month uh we have recognized a revenue of approximately 56,000 536 cr and for 35:34 35 minutes, 34 seconds quarter we recognized a revenue of 46 cr and it consist of two dimension one is the outer sale of the build area and cr 35:42 35 minutes, 42 seconds of rent also because we have started our revenue stream from rental also and is being depicted under real estate. 35:52 35 minutes, 52 seconds Okay. So any any targets for full year target that rental will be in the same 36:00 36 minutes vicinity approximately 15,000 50 cr uh rental and uh uh that we talk about this 36:08 36 minutes, 8 seconds it is 6 cr of rupees appearing in our balance sheet that we are planning to dispose it off maybe in this quarter. So 36:16 36 minutes, 16 seconds if you take together so my revenue for the whole year may be in the bid of 40 cr 36:25 36 minutes, 25 seconds 140 cr. Okay sure sir and lastly sir you just mentioned about uh you know having a project in Dubai. So you we just 36:34 36 minutes, 34 seconds bought a small land parcel. So you know any color you can give like you know what is the size uh the location and you know what kind of GDP are we expecting 36:43 36 minutes, 43 seconds from there and when do we expect to launch the project? 36:47 36 minutes, 47 seconds The location of the plot is Dubai International City and uh that plot is having approximately 14,760 36:56 36 minutes, 56 seconds square ft area and GF will be around 52,000 square ft and we are planning to launch it shortly maybe another next 37:04 37 minutes, 4 seconds month itself. I'm talking about Dubai project. So I was telling that a land built up area will be around 52,000 37:13 37 minutes, 13 seconds square ft and we are expected to launch it shortly maybe in the so I talking about the Dubai project yeah Dubai we 37:22 37 minutes, 22 seconds are expected to launch it shortly maybe in the March itself we have already got the developer license and we expecting a 37:29 37 minutes, 29 seconds top line of approximately 155 cr from that project and we're expecting a timeline of one year 37:37 37 minutes, 37 seconds okay Sure. Uh yeah, got it sir. 37:42 37 minutes, 42 seconds And just one last thing, if you can give your consolidated cash uh account balance for uh as on the December end. 37:52 37 minutes, 52 seconds Yeah, my consolidated cash account balance is approximately uh that is 900 and 39. 38:03 38 minutes, 3 seconds Your confidence is being recorded. Yeah. 38:07 38 minutes, 7 seconds number was somewhere around 5,000 crores in the last quarter. So that comparable number can you give for December? 38:15 38 minutes, 15 seconds 5,000 you are talking about the total cash on our balance sheet that includes the cash of the client because we do a lot of work on behalf of clients. So I 38:24 38 minutes, 24 seconds am talking about the our own cash. So our own cash is in the receipt of 939 on console basis and on the standalone basis it is 244 CR. 38:35 38 minutes, 35 seconds Uh and the balance sheet cash can you give that number as well? 38:41 38 minutes, 41 seconds Uh balance sheet cash is approximately you add 1900 uh into 44 that 21 uh75 38:50 38 minutes, 50 seconds you can say 2175 is the total cash bank balance which includes the balance from the clients also. 38:59 38 minutes, 59 seconds Okay. Yeah. Got it sir. That's it from me. Thank you. 39:05 39 minutes, 5 seconds The next question comes from Ashwini Damani from Ratabali Securities. Please go ahead. 39:12 39 minutes, 12 seconds Uh congratulations for your good numbers. Sir, I just wanted to understand from a larger point. So today India has a lot of uh assets with 39:21 39 minutes, 21 seconds various government agencies the PSNL building, NPNL building and again this budget the government has said that they want to monetize a lot of it. So how 39:29 39 minutes, 29 seconds much of it could come to NBCC and what are our plans? 39:35 39 minutes, 35 seconds We already with BSNL and that is MTNL in redevelopment of Delhi two land parcels. 39:43 39 minutes, 43 seconds So similarly we are we are talking with DDA. So so many PhDs also we are talking 39:50 39 minutes, 50 seconds example DHL T I think next year onwards this will also come to our city discussion is going on. So because it is 40:00 40 minutes a win-win situation even the PSU state government the state government also get some revenue on 40:07 40 minutes, 7 seconds this. So we are discussing I think next onwards it will come to us where hopefully we going to get good number of part on this. 40:19 40 minutes, 19 seconds Sure. And sir how is it done? There is another government body called PWD. So how does the government decide which orders to give to PWD and which to give to NPCC? 40:30 40 minutes, 30 seconds Now nowadays actually not PWD I'm talking about CWD. So we are getting redevelopment of Delhi projects. We got 40:38 40 minutes, 38 seconds three land park that is karajinagar and they gotaspuri kasuragar kagar and 40:46 40 minutes, 46 seconds one more bham. So similarly now we going to develop another five colonies. So the one is d and jali colony and all. So 40:54 40 minutes, 54 seconds some will go to pd and some will get to ncc. 41:01 41 minutes, 1 second majority of come to our city. Thank you. Thank you sir. 41:10 41 minutes, 10 seconds The next question comes from Digshit Doshi from Whiteststone Financial Advisors Limited. Please go ahead. 41:17 41 minutes, 17 seconds Uh yeah, thanks for the opportunity again. Uh so uh I I have a question regarding this uh Delhi redevelopment 41:24 41 minutes, 24 seconds project. Uh so you are saying that if it uh comes then it could be 30 to 40,000 cr of order work. uh so let's say even 41:32 41 minutes, 32 seconds if it doesn't come this year but let's say comes Q1 of the next year then how much time does it take to start the work 41:41 41 minutes, 41 seconds uh mean around a year or more for startup work we are already making the preparation separator work and all 41:50 41 minutes, 50 seconds that survey is going on and uh so we are in the process 6 months to 8 months we can start the project and the project 41:57 41 minutes, 57 seconds duration will be 3 to 4 years okay 6 to 8 months. So, uh if it comes let's say by Q1 then FI28 we will uh 42:06 42 minutes, 6 seconds start seeing the revenue from those projects as well. Yes. Yes. Definitely. Definitely. 42:13 42 minutes, 13 seconds Okay. And any update on uh land parcels in Mumbai? I think you were in discussion with some of the PSQs. 42:22 42 minutes, 22 seconds Yes, discussion is going on, DPCL, OMG. So we are discussing I told next year it will going to mature. 42:33 42 minutes, 33 seconds Okay fine that's it from my side. Thank you. 42:41 42 minutes, 41 seconds The next question comes from Ravi Naredi from Nari Investment. Please go ahead. 42:46 42 minutes, 46 seconds Thank you very much again sir. uh financial year 28 bottom line you are 42:52 42 minutes, 52 seconds predicting 2,000 cr while in my earlier question you told Githorney and Gurugram 43:00 43 minutes 37D gives us 4,000 to 5,000 K net profit so why the 43:07 43 minutes, 7 seconds difference is is a big figure because in 2728 we will finish Najinagar 4,000 K 1,500 K 43:18 43 minutes, 18 seconds Smi nagar 10,000 cr Mumbai portraust we will start Rajasthan montapam we will 43:24 43 minutes, 24 seconds start JNK we will start so what what is your prediction exactly exactly your 43:31 43 minutes, 31 seconds realistic for financial year 28 top line and bottom line one thing I'll tell you in PMT projects 43:40 43 minutes, 40 seconds we going to get our top line as well as bottom line immediately whereas real estate project my turnover power and my 43:48 43 minutes, 48 seconds bottom line will come after position position of the property. So there we 43:55 43 minutes, 55 seconds are giving conservative figure it may increase but I'm not telling only 2,000 44:02 44 minutes, 2 seconds conservative figure 2010 but once and as well as the certificate position 44:09 44 minutes, 9 seconds is over then something else it will be twice of this number but 44:17 44 minutes, 17 seconds not 29 definitely this will be almost double because if uh returning property 44:25 44 minutes, 25 seconds whenever we going to hand it over to the respective buyers then only I can book the bottom line as well as top line that 44:33 44 minutes, 33 seconds is the conraint that's all nothing else still I'm confident we are going to achieve only when we going to hand it 44:41 44 minutes, 41 seconds over the position because we have to give approval and transaction sales everything is very very well said and 44:49 44 minutes, 49 seconds understand so this githi and Guru, Gurugram 37D 44:56 44 minutes, 56 seconds uh along with this Naji Nagar, Srosni Nagar, Rajasthan, Mandupam, JNK, Mumbai, Portas either we receive in financial 45:05 45 minutes, 5 seconds year 28 or financial year 29 is it correct 28 this come definitely it will come 45:15 45 minutes, 15 seconds will come I'm talking about only my real estate project that is and That only position it depends on 45:24 45 minutes, 24 seconds position you have to hand it over to the respective buyers then only you can put your turnover and profit definitely cash 45:34 45 minutes, 34 seconds will come immediately as sales it will come and turn as well as bottom line 45:40 45 minutes, 40 seconds only we are doubtful that's all that I can assure you in the next next call next year I can confirm you when we are 45:49 45 minutes, 49 seconds going to get exact here. Oh, okay. I am breathing. Okay. Okay. Okay. Okay. Thank you. Thank you. Thank you. 46:01 46 minutes, 1 second The next question comes from Shuhit Sumit Rohira from Smarts and Capital Private Limited. Please go ahead. 46:09 46 minutes, 9 seconds Uh yeah. Hi sir. This is just a followup. So sir if I recall correctly uh this Bombay Port Trust you mentioned that uh we are doing work of about 46:18 46 minutes, 18 seconds 10,500 cr. Now is this been included in the order book because you sent out a press release to the exchanges in November saying that you've just sedu 46:27 46 minutes, 27 seconds with Bombay portra. So sir is this 10 pan part of the order book today firstly and sir myation is on the last four I'm 46:35 46 minutes, 35 seconds sorry no no it is not included in our order book that is to me only the 46:43 46 minutes, 43 seconds valueaining value is once then we will announce to you so far 46:54 46 minutes, 54 seconds okay s so just to understand correctly so this 1 lakh 26 6,000 cr does not include 10,500 cr of Bombay portra. So 47:02 47 minutes, 2 seconds if you include it the becomes 1 lakh 37,000 that is right definitely okay okay so secondly my question is on 47:11 47 minutes, 11 seconds this Nagpur you know which we were doing of you know we also announced a project in Nagpur and uh you know uh in fact 47:18 47 minutes, 18 seconds even our financing ho you know even they announced something and they announced something of you know nearly 13 14,000 47:26 47 minutes, 26 seconds cr okay and if I recall correctly our is very small you know about 3 4,000 but if I look at the press release you know it 47:33 47 minutes, 33 seconds is a huge project because it is spread over 1,000 acres or 1,400 acres. So sir if you can just talk I mean a little bit about this Nagpur project as well you 47:42 47 minutes, 42 seconds know how big is the opportunity and uh you know how exactly you know this will be developed over what course of time because I mean if you I mean the press 47:50 47 minutes, 50 seconds release clearly says it's a it's a very very big project for us. So if you can just talk a bit about it sir that Nagpur new Nagpur I'm saying Nin 47:59 47 minutes, 59 seconds Nagpur it is uh they will going to do on Sambudi expressway Bombay Nagpur Bombay Sambudi expressway 48:08 48 minutes, 8 seconds they going to acquire 1,750 acre land in out of which 1,000 acre first they will 48:17 48 minutes, 17 seconds going to redall in three phases phase one phase two phase three For acquisition of land art is giving full 48:24 48 minutes, 24 seconds amount whereas we have considered business for only phase one around 3,500 CR that's all the value will be more 48:31 48 minutes, 31 seconds than 10,000 or 13,000 because once the land has to be acquired immediately otherwise future acquisition of land will be very difficult. They acquiring 48:40 48 minutes, 40 seconds land but the construction will be start in three phases. Phase one, phase 2, phase three for,000 48:48 48 minutes, 48 seconds eur sorry and another 750 they are keeping for future expansion. 48:55 48 minutes, 55 seconds So yes it can yes I I got it sir. So so this 3,000 cr 49:03 49 minutes, 3 seconds is a very very small number if you look at the entire scheme of things right because if you're saying that it's going to be th000 acres in the first six. So 49:11 49 minutes, 11 seconds sir I mean if you can just help understand I mean how big could be the size of this project as well because it seems to be a very big project right? 49:19 49 minutes, 19 seconds Yes. So what they are doing what we are thinking it is just like city. So we going to do first of all infrastructure 49:28 49 minutes, 28 seconds development that cost about 10,000 year infrastructure only. Suppose if you start the conception of this project it 49:37 49 minutes, 37 seconds will be multiples of thousands I can say in in terms of lakh it might be lag. So 49:43 49 minutes, 43 seconds currently we are doing only phase one work that is a small amount it is just like 15 I can say 49:51 49 minutes, 51 seconds okay mhm it will come it will come 50:02 50 minutes, 2 seconds got it got it got it sir great sir anyway that your intuive uh you know highlight has been very very uh you know 50:10 50 minutes, 10 seconds uh helpful and I'm sure sir you will take this company to to fantastic heights. So good luck sir. God bless you and uh and wish you all you and your 50:18 50 minutes, 18 seconds team all the very best for the future sir. 50:21 50 minutes, 21 seconds Thank you. Thank you for the first and reliable honor. Thank you. Thank you. 50:29 50 minutes, 29 seconds The next question comes from Pankage Kumar from Cortecurities. Please go ahead. Yes sir. Thanks for taking the question. 50:38 50 minutes, 38 seconds Uh sir uh you said roughly 12,000 cr of project that you are looking to award what is the current financial year on a 50:45 50 minutes, 45 seconds console basis. So what is the standalone number and uh how what is that what are the targets for fi 27 on console and 50:53 50 minutes, 53 seconds standalone basis the project you asking about awarding tender. 51:06 51 minutes, 6 seconds Yeah. Yeah. Yeah. 51:09 51 minutes, 9 seconds 8,600 to 9,000 during this standalone. 51:21 51 minutes, 21 seconds Yeah. Yeah. For next year next year I think minimum 20,000 for you 51:29 51 minutes, 29 seconds going to award because super tech even JNK so lot many projects are there. 51:36 51 minutes, 36 seconds It will be it will be more than 20,000 PR we going toward next year of redevelopment. 51:45 51 minutes, 45 seconds So sir you said roughly 40,000 cr plus 10,000 cr of the so total 50,000 cr project will be in the uh construction 51:54 51 minutes, 54 seconds phase in next financial year in addition to the running. 52:02 52 minutes, 2 seconds Okay. Okay. And sir uh in terms of execution if you look at Q3 uh we have seen again there is a slowdown uh so 52:11 52 minutes, 11 seconds what are the key reasons behind that and how do you see Q4 in terms of execution? 52:21 52 minutes, 21 seconds Yeah. On stand how around 4,000 3 standalone uh we going to 52:30 52 minutes, 30 seconds achieve another 4,000 to 4,500 cr in the both quarter and what has impacted execution in third quarter? 52:40 52 minutes, 40 seconds What is that pardon? 52:43 52 minutes, 43 seconds What has impacted the execution construction? 52:48 52 minutes, 48 seconds What have impacted the construction? Due to glass I I told you know the Beni government this year d into the 52:55 52 minutes, 55 seconds promotion and all they banned the concession of 7G per and as well as evenra projects and some more projects 53:03 53 minutes, 3 seconds university we are doing IoT we are doing as we are doing lot of work we are doing in Delhi and so to solution the graph 53:13 53 minutes, 13 seconds has been improved for the two months November December even even uh some part of January Also this time it was very 53:21 53 minutes, 21 seconds seasoned so they stopped the concession that's why we could not achieve much more turnover in quarter three but next 53:28 53 minutes, 28 seconds quarter is a good working season we can do that's why we can achieve the target also 53:36 53 minutes, 36 seconds okay sir okay thank you sir thank you thank you thank you sir the next question comes from Anjali 53:43 53 minutes, 43 seconds Bajad an individual investor please go ahead Hello, thank you for giving me opportunity sir. 53:52 53 minutes, 52 seconds Uh my question is what will be the source of fund for a super tech project execution internal bank financing and 53:59 53 minutes, 59 seconds support from any specific agency? How much big opportunity we are seeing in super tech or how many years do you 54:06 54 minutes, 6 seconds expect this project to be executed and revenue to be recognized? The top line will be around 10,000 C. 54:15 54 minutes, 15 seconds The bottom line will be around 800 to 900 CR. we may get the profit and the completion period is 12 to 36 months 54:22 54 minutes, 22 seconds because almost few projects not almost few projects is virtue of completion so that we can complete within 12 months 54:31 54 minutes, 31 seconds green projects we need at least 36 months so that's why given the supreme court also the 54:38 54 minutes, 38 seconds we going to complete in three cases starting with one year some projects we can complete in within one year some 54:46 54 minutes, 46 seconds projects 2 years and green budget is 3 years. 54:52 54 minutes, 52 seconds Uh that of funding funding actually is unlit 55:05 55 minutes, 5 seconds some money is required I think we can uh that is going to take a loan from the 55:12 55 minutes, 12 seconds bank. So it is in the process of getting loans from bank. Okay. Okay sir. Thank you. 55:21 55 minutes, 21 seconds Thank you. Thank you ma'am. 55:22 55 minutes, 22 seconds The next question comes from Akshai Patil from NBCC. Please go ahead. Hello. 55:31 55 minutes, 31 seconds Hello. 55:32 55 minutes, 32 seconds Hello. Hello sir. Sir for this financial year uh what Pat you are expecting the even if some exceptional items if you 55:41 55 minutes, 41 seconds include in the coming quarter in spite of everything uh what part are you expecting for this financial year 55:50 55 minutes, 50 seconds okay 700 to 800 cr okay sir and one more thing uh 55:57 55 minutes, 57 seconds when uh for the next financial year we have seen that that uh the Delhi air pollution control has been continuously 56:05 56 minutes, 5 seconds uh impacting the revenues and profitability of NBCC in the third quarter. So what steps uh are you taking 56:12 56 minutes, 12 seconds so that in in the future it doesn't impact the revenue and the profitability much in that quarter because the third 56:20 56 minutes, 20 seconds and fourth quarter are the mostly the most of the work is done in the third and fourth quarter. Are you planning to shift something uh more work in the 56:29 56 minutes, 29 seconds first and second quarter? Is it possible or any other measures if you are taking please enlighten us on that? 56:36 56 minutes, 36 seconds Definitely we recently awarded around 3,000 to 4,000 CR work. So that will going to start immediately. Our our main 56:44 56 minutes, 44 seconds area is first to second quarter will push that money as turnover and of course we are taking all the precautions 56:52 56 minutes, 52 seconds so to mitigate the pollution. So water thing everything we are doing unfortunately this time it was very 57:00 57 minutes stringent and uh lack of rain also they also Delhi government also tried to put some artificial rain but it failed. So 57:09 57 minutes, 9 seconds let us see next year I think even one or two rains can reduce our pollution and all. Let us see. 57:17 57 minutes, 17 seconds Okay sir. I I hope the management thinks on this. 57:23 57 minutes, 23 seconds Uh and one more thing we have changed the technology also we are using shuttering where that is minimum and 57:31 57 minutes, 31 seconds pre-cast technology also we are using hopefully we are changing the technology and uh so there may be artificial Thank you sir. There are no questions. 57:42 57 minutes, 42 seconds Now I hand over the floor to the chairman of NBCCP Mahadeva Swami. 57:49 57 minutes, 49 seconds Thank you sir. For any further query, please contact Mr. Balakkeshan Singla, Investor Relations, NBCC. 57:57 57 minutes, 57 seconds Ladies and gentlemen, this concludes your conference for today. Thank you for your participation. You may disconnect your lines now. Thank you and have a 58:06 58 minutes, 6 seconds blessed