NCC Limited (NCC) Q2 FY27 Financial Results: PAT ₹216.4 Cr & Revenue ₹5,842 Cr

Investor Takeaways

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

What Changed

NCC Limited reported a 12% year-on-year increase in revenue to INR 5,842 crores for Q1 FY27, as stated in the filing. The EBITDA margin expanded to 9.4% during the same quarter. The company's order book grew to INR 81,214 crores, reflecting strong pipeline visibility. Management reaffirmed its fiscal year 27 revenue growth guidance of 8% to 10% and EBITDA margin target of 8.5% to 9%. The filing specifically highlighted execution risks and commodity cost pressures as ongoing concerns. Quarterly performance showed revenue of INR 5,842 crores in Q1 FY27, compared to INR 5,527.98 crores in Q1 FY25, INR 5,344.52 crores in Q3 FY25, INR 5,195.98 crores in Q2 FY25, and INR 6,484.88 crores in Q4 FY24. Net profit for Q1 FY27 was INR 216.4 crores, though comparative YoY figures for profit and margin were not provided in the key highlights.

Peer Comparison

NCC trades at a significantly lower P/E ratio compared to its peers, suggesting potential valuation divergence. However, direct comparative metrics like ROE and ROCE are not available for any of the companies in the provided peer data.

Risks & Concerns

Quarterly Trend

The quarterly trend shows revenue of INR 5,842 crores in Q1 FY27, which is lower than Q4 FY24 (INR 6,484.88 crores) but higher than Q1 FY25 (INR 5,527.98 crores). Net profit in Q1 FY27 (INR 216.4 crores) is below Q4 FY24 (INR 238.74 crores) and Q1 FY25 (INR 222.53 crores). OPM data for Q1 FY27 is not provided in the quarterly trend, but the filing states EBITDA margin expanded to 9.4%, which is higher than the OPM levels observed in the previous four quarters (ranging from 8.25% to 8.65%).

📄 View Original Announcement (PDF)

About NCC Limited (NCC)

Construction · Construction · Listed on NSE

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