Ncc Limited · NSE:NCC
Ncc — Q2 & H1 FY26 Earnings Presentation
34 slides from Ncc's earnings presentation, Nov 6, 2025
Slide 1: Exchange filing cover letter for investor presentation
Ref. No.: NCCL/ Presentation/2025 Date : November 06, 2025 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra – Kurla Complex Dalal Street, Bandra (E) Fort Mumbai - 400 051 Mumbai – 400 001 Symbol: NCC Code: 500294 Dear Sir(s), Sub: Present
Slide 2: NCC Limited Investor Presentation Q2 & H1 FY26
NCC LIMITED Defining Tomorrow INVESTOR PRESENTATION Q2 & H1 FY26 Nov 06, 2025 Copyright © 2017 NCC Limited 1
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation includes forward-looking statements relating to the business outlook, financial performance, growth strategy, and future initiatives of NCC Limited (“the Company”). These statements are based on management’s current expectations and assumptions and are subject
Slide 4: Index
INDEX 4 COMPANY OVERVIEW 9 FINANCIALS 22 PERFORMANCE TREND 27 PROJECTS SNAPSHOT 30 AWARDS & ACCOLADES 3
Slide 5: Company Overview
NCC COMPANY OVERVIEW
Slide 6: A Legacy of Transformation
A Legacy of Transformation Over 4 decades of infra-excellence Building Water 36,525 520 + Pipelines Projects + KMS. Land 350,000 Villages + ACRES 35,000 + Irrigated Electrified 5
Slide 7: NCC At a Glance
NCC At a Glance NCC isn’t waiting for the future — we’re building it with purpose and foresight. Legacy of Pan-India Order Book Diverse Business Trusted Future-Ready Excellence Presence Resilience Verticals Partnerships Innovation & ESG Leadership 47+ 72k 7 Building enduring relationships with leadi
Slide 8: Business Verticals
Business Verticals Water & Buildings Transportation Environment Electrical (T&D) Mining Railways Irrigation • Hospitals & • Access • Water supply • Transmission and • Overburden • Civil EPC • Dams & Medical Controlled projects distribution lines Removal • Track Laying Reservoirs colleges like Highwa
Slide 9: Company Overview: Group Structure
Company Overview: Group Structure H1 FY26 Revenue Business Composition Rs Crs 8233 2% 13% 1311 85% 178 Construction Coal Mining Real Estate Construction Coal Mining Real Estate 8
Slide 10: Financials
NCC FINANCIALS
Slide 11: Division wise Order Book Composition – Q2FY26
Division wise Order Book Composition – Q2FY26 Order Book Order Inflow Order Execution Mining 0% Buildings Transportation Mining 8% 6% 1% Irrigation & Mining Irrigation & Others 14% Others 7% 26% Irrigation & Buildings 31% Others Buildings 2% 37% Electrical (T&D) Rs 71,957 Cr Rs 6,223 Cr Rs 4,353 Cr
Slide 12: Key Financial Nos: Q2FY26 (Standalone)
Key Financial Nos: Q2FY26 (Standalone) EBIDTA ₹ Order Book Revenue Rs 64,326 crore Rs 3,774 crore Rs 278 crore 34% Y-o-Y -16% Y-o-Y 7.45% of Turnover ₹ ₹ Profit after Tax Earnings per Share Net Debt Rs 101 crore Rs 1.61 Rs 1,890 crore 2.68% of Revenue 11
Slide 13: Key Financial Nos: Q2FY26 (Consolidated)
Key Financial Nos: Q2FY26 (Consolidated) Order Book Order Inflow Revenue Rs 71,957 crore Rs 6,223 crore Rs 4,585 crore 37% Y-o-Y 31% Y-o-Y -12% Y-o-Y ₹ ₹ Profit after Tax Earnings per Share Net Debt Rs 155 crore Rs 2.46 Rs 2,643 crore 3.38% of Revenue 12
Slide 14: Financials: Q2 & H1 (Standalone)
Financials: Q2 & H1 (Standalone) Revenue EBIDTA PAT Q2 Highlights (₹ Crore) 4,480 161 3,774 401 278 101 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Revenue EBIDTA PAT H1 Highlights (₹ Crore) 361 9,227 841 8,204 291 672 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 13
Slide 15: Financials: Q2 & H1 (Consolidated)
Financials: Q2 & H1 (Consolidated) Revenue EBIDTA PAT Q2 Highlights (₹ Crore) 5,224 4,585 443 163 393 155 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Revenue EBIDTA PAT H1 Highlights (₹ Crore) 10,783 921 373 9,793 347 849 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 14
Slide 16: Balance Sheet (H1 FY26) (Standalone)
Balance Sheet (H1 FY26 ) (Standalone) Rs Crs Inc / Particulars Rs Crore 31-Mar-25 30-Sep-25 (Dec) Non-Current Assets 3,851 4,311 460 Current Assets 15,983 17,594 1,611 Total Assets 19,834 21,905 2,071 Total Equity 7,437 7,589 152 Non-Current Liabilities 208 211 3 Current Liabilities 12,189 14,105 1,
Slide 17: Cash Flow (H1 FY26) (Standalone)
Cash Flow (H1 FY26 ) (Standalone) Rs Crs Particulars Rs Crore H1 FY25 H1 FY26 (A) Net cash flows used in operating activities (491.23) (379.97) (B) Net cash flows used in investing activities (179.51) (410.99) (C) Net cash flows from financing activities 290.39 173.59 (D) Net Decrease in Cash and ca
Slide 18: Working Capital Snapshot – Q2 FY26
Working Capital Snapshot – Q2 FY26 Standalone Consolidated Q2 Q1 Q2 Q2 Q1 Q2 Particulars % Y-o-Y % Q-o-Q % Y-o-Y % Q-o-Q FY25 FY26 FY26 FY25 FY26 FY26 Gross Debt (₹ Crore) 1,733 1,852 2,115 22% 14% 1,726 1,986 2,923 69% 47% Net Debt (₹ Crore) 1,593 1,497 1,890 19% 26% 1,472 1,574 2,643 80% 68% • Bor
Slide 19: Financials: SPV - Pachhwara Coal Mining
Financials: SPV - Pachhwara Coal Mining Activity Mine Developer & Operator (MDO) Operative Since 12 Dec 2018 Presently Pachhwara North Coal Block, Pakur District, Jharkhand Operating @ NCC Share in SPV 51% (%) Client West Bengal Power Development Corporation Ltd (WBPDCL) Project Duration 30 years In
Slide 20: Financials: Subsidiary Companies - NCC Urban
Financials: Subsidiary Companies - NCC Urban Operative Since 08 Dec 2005 (Rs Crore) Activity Real Estate Highlights of the Operations : Presently Bengaluru, Hyderabad, Chennai, Operating @ Ranchi, Mumbai ➢ Completed 11.7 million sft of built- ➢ Recently launched NCC Urban up area. Retreat at Hennur
Slide 21: Financials: Significant Updates for H1 FY26
Financials: Significant Updates for H1 FY26 • Order Inflow Progressing in Line with Guidance: YTD inflow stands at ₹ 9,881 Cr, translating to 45 % of the FY26 lower band of the guidance range of ₹22,000– ₹25,000 Cr. • Order Book Continues to Provide Future visibility: Consolidated order book as of S
Slide 22: Financials: Significant Updates for H1 FY26
Financials: Significant Updates for H1 FY26 • Operational Impact from Prolonged Monsoon: Extended and aggressive rainfall across key geographies affected site access, activity and productivity, leading to temporary execution slowdowns; activity levels are expected to normalize in H2. • Revenue Posit
Slide 23: Performance Trend
PERFORMANCE TREND 22
Slide 24: Performance Trend (Standalone)
Performance Trend (Standalone) TURNOVER EBIDTA & PAT 27% CAGR 19392 20% CAGR 1746 1648 18439 1343 13504 996 10038 855 31% CAGR 761 7362 8204 672 569 631 490 261 291 FY21 FY22 FY23 FY24 FY25 H1 FY26 FY21 FY22 FY23 FY24 FY25 H1 FY26 NETWORTH DEBT & D/E RATIO 7589 2500 7437 9% CAGR 2115 6813 0.4 6322 2
Slide 25: Performance Trend (Consolidated)
Performance Trend: (Consolidated) ORDER BOOK TURNOVER 29% CAGR 22355 17% CAGR 71568 71957 20971 57536 15701 50244 37911 39361 11209 9793 8065 FY21 FY22 FY23 FY24 FY25 H1 FY26 FY21 FY22 FY23 FY24 FY25 H1 FY26 EBIDTA & PAT NETWORTH 7534 9% CAGR 7324 6640 20% CAGR 1918 6167 1769 5603 5171 1459 1024 919
Slide 26: Operating Performance - Standalone (Quarter wise)
Financials: Operating Performance - Standalone (Quarter wise) Revenue 5,488 5,445 4,773 4,747 4,720 4,480 4,430 Rs Crore 3,774 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 EBIDTA PAT 510 495 213 214 479 201 440 187 185 190 401 410 Rs Crore Rs Crore 395 161 278 101 Q3FY24 Q4FY24 Q1FY25 Q2F
Slide 27: Operating Performance - Consolidated (Quarter wise)
Financials: Operating Performance - Consolidated (Quarter wise) Revenue 6,530 6,189 5,558 5,383 5,288 5,224 5,208 4,585 Rs Crore Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 EBIDTA PAT 551 556 505 254 478 456 239 443 441 221 210 Rs Crore Rs Crore 393 193 192 163 155 Q3FY24 Q4FY24 Q1FY25 Q
Slide 28: Project Snapshots
NCC Project Snapshots
Slide 29: Project Snapshots: Patna Airport, Jabalpur Flyover
Project Snapshots: Jayprakash Narayan International Airport, Patna, Bihar Jabalpur Flyover, Madhya Pradesh 28
Slide 30: Project Snapshots: Hyderabad Interchange, Kasara Dantiwada Pipeline
Project Snapshots: Trumpet Interchange at Neopolis, Kokapet, Hyderabad, Telangana Kasara Dantiwada Pipeline Project – Package 1, Gujarat 29
Slide 31: Awards & Accolades
NCC Awards & Accolades 30
Slide 32: Awards & Accolades
Awards & Accolades Fastest Growing Construction Company Ultra Large Category at Construction World Global Awards(CWGA) 2025 31
Slide 33: Select Awards & Accolades Projects
Select Awards & Accolades Projects 4-Star Rating Gold Trophy Award from World Safety IIN Platinum Award for HSE at Organization (WSO) at Metro Bhavan Project, Mumbai Metro Bhavan CA-60 Project 32
Slide 34: Thank you
Thank you Investor Relations: investors@nccltd.in