Q1 2026 NCC Ltd Earnings Call Transcript

Aug 06, 2025 / 06:00AM GMT

Release Date Price: ₹214.92 (+1.85%)

Transcript

Key Points

Positve

NCC Ltd (BOM:500294) has a strong order book of INR70,087 crores, with new orders worth INR3,658 crores booked in Q1 FY26.
The company reported an EBITDA margin of 9% on a standalone basis, aligning with their guidance for the current financial year.
NCC Ltd (BOM:500294) has a healthy prospective pipeline of projects worth about INR2.5 lakh crores, indicating strong future growth potential.
The company has made significant progress in the installation of smart meters, with close to 15 lakh meters already installed.
NCC Ltd (BOM:500294) is confident in achieving its order inflow guidance of INR22,000 crores to INR25,000 crores for FY26, with INR6,719 crores already secured.

Negative

The company's turnover decreased by 7% to INR4,430 crores in Q1 FY26 compared to the same quarter last year.
There was an increase in net debt to INR1,497 crores at the end of Q1 FY26, up from INR695 crores at the beginning of the year.
Debtors outstanding increased from INR3,098 crores to INR3,296 crores, with the number of days rising from 65 to 77 days.
The company faces challenges in executing new projects due to delays in mobilization and site readiness, impacting revenue growth.
NCC Ltd (BOM:500294) has not yet recovered any funds from the Vizag deal this year, with INR375 crores still outstanding.

Operator

Ladies and gentlemen, good day, and welcome to the NCC Limited Q1 FY26 earnings conference call hosted by JM Financial Institutional Securities Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Vaibhav Shah. Thank you, and over to you, sir.

Vaibhav Shah

JM Financial Institutional Securities Pvt Ltd - Analyst

On behalf of JM Financial, I welcome everybody to 1Q FY26 earnings conference call of NCC Limited. We have from the management today Shri. R.S. Raju, Director of Projects; Shri. Sanjay Pusarla, Executive Vice President, Finance and Accounts; and Shri. Neerad Sharma, Head Strategy and Investor Relations.

Now I hand over the call to the management for their opening remarks, and then we can have the Q&A session. Over to you, sir.

Neerad Sharma

NCC Ltd - Head - Strategy and Investor Relations

Thank you very much, Vaibhav. Good morning, everyone. This is Neerad. At the very outset, I thank each of you for taking time to

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