Q2 2026 NCC Ltd Earnings Call Transcript

Nov 7, 2025 / 06:00 AM GMT

Release Date Price: ₹195.35 (-0.03%)

Transcript

Key Points

Positve

NCC Ltd (BOM:500294) has a strong order book standing at INR71,957 crore as of September 2025, indicating a robust pipeline of future projects.
The company secured new orders worth INR6,223 crore during the quarter, primarily from the buildings, water, and irrigation divisions.
Despite challenges, the order inflow remains healthy, with a cumulative order intake of INR17,420 crore, including orders received in October.
The company has diversified its order book across various segments, including buildings, transportation, electrical, water, railways, irrigation, and mining.
NCC Ltd (BOM:500294) has made significant investments in smart metering projects, with a total investment of INR300 crore, indicating a focus on expanding into new technology-driven areas.

Negative

The company reported a decline in turnover for Q2 FY26, with a 12% decrease at the consolidated level compared to the previous year.
EBITDA margins have decreased, with standalone EBITDA at 7.45% compared to 9.03% in the previous year, indicating pressure on profitability.
NCC Ltd (BOM:500294) has withdrawn its financial guidance for FY26 due to a challenging external business environment and elongated payment cycles.
There has been an increase in debt levels, with net debt rising to INR1,890 crore at the end of Q2 FY26, impacting the debt-equity ratio.
The company faces elongated payment cycles, particularly in the water projects segment, affecting cash flow and execution timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NCCL.NS - NCC Ltd
Q2 2026 NCC Ltd Earnings Call
Nov 07, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the NCC Limited Q2 FY26 earnings conference call hosted by GM Financial Institutional Securities Limited. As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing 100 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Webb of Shah from GM Financial Institutional Securities Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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