Audited Financial Results 31-03-2025

‌Ref. No.: NCCL/AFR/BM-Outcome/2025 Date : May 15, 2025

Exchange Plaza, C- l, Block G Phiroze Jeejeebhoy Towers Bandra - Kurt a Complex, Bandra (E) Dalal Street, Fort MUMBAI - 400 051 . MUMBAI - 400 001 .

Symbol: NCC Code : 500294

Dear Sir,

The Board of Directors of the Company at its meeting held today i.e., May 15, 2025 has approved the following;

In compliance with Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015. we are enclosing herew'ith statement containing the Audited Financial Results (both standalone and consolidated) for the 4"' Quarter and Financial Year ended 31stMarch 2025 which have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held today.

We further enclose a copy o1' the Audit Report on the said results submitted by M/s. S R Batliboi & Associates LLP, Statutory Auditors of the Company.

The declaration signed by the Company Secretary (for Audit Report with unmodificd opinion) both in respect of Standalone and Consolidated Financial Results is enclosed as Annexure-A.

We are also enclosing herewith the press release being issued in connection w'ith the Audited Financial Results as Annexure-B.

1. Recommendation of Dividend for the F.Y.2024-25

   The Board of Directors at the meeting has recommended Dividend of Rs. 2.20 (110 %) per Equity Share of the face value of Rs.2/- each, for the Financial Year 2024-25 for the consideration and approval of the Members at the ensuing Annual General Meeting.

2. Appointment of Mls Ravi & Subramanyam, Company Secretaries as Secretarial Auditors of the Company for a term of five consecutive years commencing from F.Y. 2025-26

   
   
   

   The details as required Schedule III of the SEBI (LO&DR) Regulations, 2015 read with SEB1 Master Circular dated November 11, 2024 is enclosed as Annexure-C.

   NCC Limited

   CIN: L722fXtTG 1900PLC011146

   NCC House, Madhapur, Hyderabad 500 081 T +91 40 2326 8888 F +91 40 2312 5555 nccIimited.com

   
   
   

3. ‌Convening of 35" Annual General Meeting (AGM) of the Members of the Company on Friday, 29'°August 2025

Notice of the 35" AGM along with the Annual report for FY 2024-25 will be sent to all the shareholders in due course.

The meeting o1" the Board of Directors of the Company commenced at 02: 15 p.ir. and

concluded at 04:05 p.m.

Please take the above on record. Thanking you,

Yours faithfully

Limite

For NCC

Sisir Slishra pany Secretary

Encl: a/a

NCC Limited

CIN: L722OOTG 1990 PLC011146

NCC House, Madhapur, Hyderabad 500 081 T +91 40 2326 8 ga r +91 40 2312 5555 ncc]imited.com

NCC Limited

CIN : L72200TG1990PLCO1I146

Reglstered Otflce: NCC HOUK, Madkapur, Hyderabad-500 081, Tel : 040-23268888, tax: 04O-231ZS555, ema I : ncc.ho@nccItd.in Website : https://www.ncd›mIted.com

NCC Limited

' Accrued salaries and wages to enidoyees have been redassified under "Other financial I abilities' which were hitherto included in trade payables" amounongto q zzz7s has at March 3:t, 20Zs (y ssa‹cr as at uarch sz. zaz«j In standalone balance sheet.

By order of the Board

""" for N€CUmbed

Date: 1S.g5.2D25 -

NCC Limited

elace: Hyderabad Date: 15.05.2025

NCC

By order of the Board for MCC Limited

A.A.V.RANGA RAJU

Managlng Director

S.R. B»‹iiaoia AssoClATES LLP

Chartered Accountants

T idE S KYVIEW 10

18tiJ Floor, "N1RTFI L CJBB Y'

Sur vey fi o. BE/1, kaidur qa

Hyr]er ahdr} TOO 03.2. If d to

40

e

fndependenf Auditor*s /teport on tits Quarterly.and Year to Date Audited Stfndaton

NCC l,imited, pursuant. to the: Regulation ñ3 of the SEi BI (t.isting Obligations und Disclosure ftcquirenients) Regulations, 2013. as amcnderl

To

the Doc rd nf Directors NCC Limited

Report on the audit of the Standxlnne Financial kesulfs

We have audited the accompany.ing statement of quarterly and year i‹ dale:standalone financial results o1' NC'C Limitcd (the "Company"J xs'hicla includes 4 branches and 42 Joint Operati‹ins tier the quarter end year ended March 31, 20?5 t Statement"), attached herewith. being submitted bY lhc U ompany ptirsHant to the requirement of Regu1aii‹in 33 of ihe SEI3I ( Listing Obiigatir›ns and disclosure Requirements) deputations: 20.15, as amended tthc "1 .isting kegulaiitins")..

In our opini‹›n and to Ihc best of' tuir in formation «nd acc‹irdinp tn the e.splanaiiuns given to as, and based on the consideration of the repi›rts of the branch auditors and other auditors on the separate audited financial statements and ‹›n the other financial in Pomiation of the hr3nchcs and oint oper:ition s re l'erred 1 a in the "Cithcr Slattur" l'araJrapli bclcin , the* fitiiicrncnt:

ii,

s presented in accc/rdance with the require nents o.J"ihr I.i.suing.kegulattuns in thus reyard; und gives a lru« and !ñ›r view in con£nrTni1y x ith ths appl cahle accounting standards an4 other accounting, principles generally accepted in India, of the net prDfit ltLld othcr comprehensive incomc and oLher t?nancia] information of the Company for the quancr and year cndcd kfarch 3.1, *fi*5.

Basis tar Opto ion

We conducted iiur audn in accordance w'ilh the Standards on Auditin.p ISA s) spcciticd under sccliori 143t 1II) ot tc Crimpanies ,Act, 2013, as amended ("the Act"). tour responsibilities under thusc Standards arc further described jn the "Auditor's Responsibililics mm the Audit or' tic Standalone Financial Results" section of tour report. We arc independent of' the Com ny in orcordhnc e .\ ilh the Code of 1.lhics issued by ihe lnstilutc of' €'1iariercd Accountants ct'India together u'ith the ethical requirements thai are re!cvani i‹ our audit ol'thc standal‹›nc financial statements under the pros'isions ot the Acl and ihe R ules thereunder. and w'e huge fulfilled ‹stir tether ethical responsibilities in accordance with these requirements and thy C't›dc of 1.thics. We believer thai the atidit ci idcnce obtained by us arid .othcr auditors in tennis of' lhcir rcporis referred to in "Other Matter" paragraph below is suf icient and appropriate ro priix'ide a basis for our r›pinion.

ñtanagen ent'» Ttuspunsihilities i"ur life Standalone F"inun«iat 1esults

The Statemcnt has been prcparcd on the basis of" the standa1une annua] financia] statcincnts. The B‹›ard at" Directors of the Company are i cspunsihlc for the prcgaraton and prCschtaticn ‹If the Statcmu•nt that ¿ix'cs a true and fair 'icv•' nf the wet protit and nthcr con1prchvnsix'c inc‹›inc r›t' the C'ompan and other ltnancial inI‹ rn ation in accordance n ilh lhc applicable acc‹Juming s.andards pruscrihvd under Seclicn ] 33 nt"t] c Act read a ifh relevant nJlcs issued hercundar 0 d nthcr acer unting pr ingip)cs goncrullv accepted ›n InJ›a and in c‹›mpliancu v• ilh Regulation J3 nf the Listin]Z. kegllat1‹›ns. This respcnsil›iljty ulsn includes maintenance of adcquate acc‹›unting records in accordance with the prot'i ions of" tilt Act for sat guarding ‹›t thc assets ot" the L-n upany and for preventing and detecting frauds and other «cgulariiius; s«Iccticn urtJ appl›catio‹J uf* appropr ate acc‹›untiny policies: mak iog judgmentso and estimates that il€C £Gilât)Fl.}b U. an‹i prudent; and .the dcs ion, innplcmcntuti‹›i i and

s.e. BATLIBOia AssociATE5 LLP

Chartered Accountants

In preparing the Staiernent, the i3oard of f3irectors are responsible for assessing the Company's ability tn continue as a going concern, disclosing, as applicable, millers related lo going concern and using the going ccncem basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative bul to do so.

The hoard of Directors arc also responsible for overseeing the Ctxn pony s linanc ial reporting process.

Auditor's Responsibilities far the Audit of the St8ndolnnc Financial Results

Our ubjcctiv es dre to ohmin rcust›nablc assurance aboui w member the Statcnacnt as a ss hole is free frtirn material misstatement, whether due to fraud or error, and to issue an auditor's repori thai includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee thnl an audil conducted in accordance with SAs w ill always detect a material misstatemeni when ii exists. Misstatements can arise from mand or errr›r and are considered material if, indie ideally or in the aggregate. they come rcasonablv be expected to influence the economic decisions of users iakcn on the basis ol' ihc Statement.

As pan o( an audit in accordance with SAS. tve exercise prtitessional judgment and maintain professional skepticism throughout the 8udit. We also:

• Identify ated assess the risks o1 rnatcrial misstatement or' the Statement. «hether due its fraud or error, design and nertomi audit procedures responsive tu those risks, and nbi•iin audit e idcncc ihat is sufficient and appropriate to providc a hasis for our opinion. The risk of not dctecting a material tntsstatcment resulting horn fraud is higher than ti tame resulting 1'rtnn error. as fraud may involve col3usitan. forgery, intentional omissions. misrepresentations. or the override of' internal control.

• Obtain an understanding of' internal control rctcvani to the audit in ordcr to design audn procedures thai arc appropriate in the circumstances. Under Section 143(3)(i; of' the Act, w'c are also responsible for rxpressinp our minion on whether the Compaq;' has adequate internal financial cr›ntrols ii'ilh reference to financial staiemrnts in place ‹tnd the uperalin elm:ctivcness ct' such c‹›ntr‹ 1;

• Evaluate the R propnateness oi'accountinp policies useti and the reasonableness ot'accouniing estimates and related disclosures made by the P.oard of' Clirectors.

• Conclude on the appropriateness of the Board of Direciors' use of the gr›ing concern basis of accounting and. based on the audit evidence ohlained, w heiher a material uncCrtainty exists related to cvenis or conditions thai may cast significant doubt on the Company's ability to continue as a going concern. 11' xs c conclude thai a material urcenainty exists, it c are required to ‹Iran' aitcniion in our audilcir's report ltd the

  related disclosures in the financial results or. it' Stich disclosures arc inadequate. to mcdiv our cipiniori. Our conclusions are based on the audit evidence obiained up lo the date of ‹›ur :uidiior s rePi›rt. Hosvc• cr. future cvenis ter conditions may cause the Company 1s cease to continue as a quine concern

• Ev aluate the cx craft presenter ion. stniriure and content of' the Statement. including the disclosures, and w'hether the Statement represents the under ly icy transactions and events in a cannot thai achie>es fair presentation.

• for the branches and joini operations included in the slundali nc financial siaienients, ix hich have heen audited by other auditors, such othcr auditors remain rcsptin9iblc liar the direction, super isi‹an and pertormancc of the audits carried our by them. We remain solely rcsponsihle t‹›r our audit opinion

We communicate • ith thnñc charged with governance regarding, among ether maft6 , the planned scope and

timing of° the audii and sibn iliciiiit I nd it link inks, inciiid iats any sign ill cant tic11cienc ice in intcrri•il cotitr‹ 1 tidal sec

We also provide those charged with governance wnh a statement that we have complied wlih rclcvant ethical rcqu re penis regarding ndup nd once, and tc communicate with them all rclatiunsh p.s and ether inattcrs that may rcascn8hly be thought to bear ‹›n our inJcgcndencc, anlt x here applicable, rclatc4 sal"e¿uards.

cHAR ED

*CCOUNTANTS

y.e 8yTcisoia AssociArES LLP

Chartered Accountants

Other Alslter

1. The accompanying llatement of Quarierly and yeur to date standalt›ne financial results include the audited financial results in respect of:

   • 3 branches und T0 joint operations whose annual financial results/Matcm.erm ml ‹›thcr financ ai

     
     
     

     50 G4 crores and Rs. .? 1.1.t$ c orcs: totai net profil aflcr iax of Rs. I .75 crorcs and Rs. 26›.59 crores arid tntal comprehensive income of Rs. 1 .7 5 crores and Rs. 26.39 crores for the quarter cndcd and for ihe year cndccl on thai date rcspcctii clj. and net cash iitittl0n s of' Rs. 85. 75 erm cs liar the cxr ended .larch 31, 202., as considered in the 'itVciiieitt vv hich laux e been audited by thtn ie›pcciis'e branch auditors and other auditors,

     The reports of such branch auditors and other audittirs cm aiuiua! financial statcinents/financial results/linancnil infonnation of' these branches and joint operations have been kimished to as and our opinion on thy- Siaimnent, in so fdr as it relaxes to the amounts and disclosures included in respect

     ‹ r these branches and jet ini opcrai inns, is hased sore iy on the report uf such branch auditor. and other

     auditors.

     
     
     

     their respective ctiuiury to aCcounting prirciptes generally accepted in lndia. fi'c has e audiicd these conversion adjustments madc by the Company's management. blur opinion in so far as it related io ihe balances and affairs ot'sUCh branch located outside tndin is hased.onthe.rc•pori o4' branch audiii›r. and lhe •onversiorradjiistmcn1s prcp‹ircd hv ihe mana enient ‹›fi ihe t'onipanv and audited h us.

     Uur opinion un Ihc Statement is n‹›t mud tied in respect ol" Thu abos'c mgflcr.

2. The Statement includes the results for ilie quarter ended March 31. 2025. hcinb• the balancing figure between the audited figures in respect of lhc full tinsiicial s car ended N4arch 3l . 2025 and the published unaudited year-to-date figures up tc the third quarter of the currerl financial year, vhich s‹ are subiecied to a limited rev ices hy us, as.required under the I-i!:tiny Rcguiatiiins

   For S.iL Batliboi & Associates LLP Chartered Accountants

   I(AI Jimi Registration Number: l0l049W F.3()tJ0lJ4

   er Ha sh'Kheinnani Partner

   .Membership No.: 215576

   CHARTERED

   
   
   

   NCC Limited

   CfN : L72200TG1990PLC01t146

   Registered Offlce: NCC nouSE, Madhapur, Hyderabad-500 081, Tel : 040-23268888, Faa: 040-231Zs5SS, email : ncc.hojBncchd.In Wekshe : https://www.nccIimited.com

   STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2025
   (I In CroresI
   S.No	Particulars	Quarter ended			Year ended
   		31.03.202S	31.12.2024	21.03.2024	31.03.2025	31.03.2024
   		Audited [Refer note 3)	Unaudited	Audited	Audited	Audited
   1	Income E) Construction expenses Total expenses	6,130.88 58.48	5,344.52 38.34	6,484.88 45.17	22,199.36 155.55	20,844.96 t25.95
   		6,t89.36	5,382.66	6,530.05	22,354.91	20,970.91
   		2,297.67 (94.16} 499.72 2,534.66 200.54 192.56 53.99 1ZB.14	1,926.54 (34.49) 475.38 2,233 91 201.53 165.65 53 67 10075	2,197.54 (2.76) 48?.29 2,965.99 187.88 LS3.10 S2.42 98.4Z	7,930.26 (126.18) 1,659.49 9,612.33 788.82 680.11 215.90 416.S7	7,449.54 (2314) 1,683.81 8,968.74 667.23 594.75 211.92 330.30
   		5,BZ1.12	5,122.94	6,139.88	21,177.30	19,882.7°i
   3	Profit from operations befare exceptional items and tax (1-2)	368.24	259.92	390.17	1,177.61	!.888.16
   	Exceptional items (netI			(32.53)		(32.S3)
   5	Share of profit/ (loss) of associates (net)	(1.08}	t0.21	0.45	9.67	5.28
   	Profit before tax (3+d+5)	36Y.16	Z70.03	358.09	1,187.ZB	1,060.91
   7	Tax expense a) Current tax bl Deferred tax Total tax expense	76.00 26.09	69.49 I5.32I	13L05 lM.70)	297.57 21.46	31884 1.66
   		102.05	64.17	119.35	319.03	32D.50
   8	Net proñt after tax (6-7f Attributable to: Shareholders of the Company Non-Controlling interests	265.07	205.86	238.74	868.25	740.41
   		253.82 1t.ZS	193.18 12.68	239.16 (0.421	819.&8 48.37	710.69 29.72
   9	Other comprehensive noome / (loss) Items that will not be redassified to pro6t or loss a1 Remeasurement of the defined benefit plans b) Income tax relating to items that will not be reclassified to profit or loss Items chat may de reclassified to profit or loss al Exchange diflerences on transla1ion of foreign operations Total other comprehensive income / (1eu)	4.97 (1.25) 1.7S	(1.31) 0.33 0.58	0.90 (0.23) 0.18	1.Z3 {0.8t) 0.67	(4.11) 1.D3 I.75
   		s.st		0.8'2	1.59	{1.33)
   i0	Total comprehensive Income (6+9)	270.59		239.59		739.OB
   	Attributable to: Shareholders of the Company Non Controlling Interests Paid up eguiI:y share capital (face value T 2/- per Share)	259.30 l1.28 125.57	'L92.78 12.68 125.57	239.96 (0.37) 125.S7	821.44 48.40 125.57	7Q9.31 29.77 125 57
   	Other equity lexcluding revaluation reservesl				7,19B.14	6,S14.13
   13	Earnings Per Share (of T 2/- eachl for the per›od (not annualized)
   	Basic	4.04	3.08	3.8!	13.06	11.32
   	- Diluted	4.04	3.08	3.81	13.06	11.32
   Motes:	The above Statement of consolidated audited financia| results of NCC Limited ("the Company"), which have Oeen prepared In accordance with the Indian Accounting Standards ('Ind AS') prescribed un0er Section 133 of the Companies act, 2013 l"the Act") read w th relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued dy fhe Securities and Exchange Board of India ("SEBI") were reviewed and recommended by the Audit Committee and approved by the 8oard of Directors at their meetings held an May 15, 2025. The Statutory Auditors have audited these results and issued unmodified report thereon. The 8oard of Directors have recommended a dividend of 7 2.TO per eqUity share for the year 2024-2025, 'rvhich is subject to approval of the shareholders. The figures for the quarter ended March 31, 2025 and March 31, 2o24 are the balancing figures beMeen the audited figures of the full financial years ended March 31, 2025 and March 3t, 2024 respectively and the published year to date figures up to the nine months ended December 31, 2024 and December 31, 2023 respectively The Exceptional items for the year ended March 31, 2024 is 7 32.53 Cr, perta ns to loss on account of settlement of litigation, tunding of shortfall on settlement with lenders of an associate and gain on redemption of Optionally Convertible Debentures. Revenue from operations for the Year ended March 31, 2024 is after reversal of ¥ 199.39 cr, pursuant to arbitration award/ settlement with customer. By order of the 8oard CHARTERED Place: Hyderabad ' dera*" A.A.V.RANGA RAIU Date: 15.05.2025 Managing Director
   3
   4
   5

   1. Revenue from operations

   2. Other income

   1. Cost of materials consumed

   2. Changes in inventories of work in progress

   1. Sub Contractor work bills

   2. Employee benefio expense g Finance costs

   1. Depreciation and amortisation expenses

   2. Dther expenses

   a	•mrs
   	Property. pbntand equlpmeot		1,253.47
   	Iwesonent propacty
   	Investment property under construction
   	Other InDngIbIe.assets	21tZ	17.30
   	Intanglbtg a$6etS under development
   	a) Invectmeno In associates		133.37
   	b}Leaos		2i2'.97
   	c)Tmdenerehmt#es		158.JO
   	d)Other finandal assets		Z17JO
   	Dcfe.rred tax assets (net)		6Z.14
   	Mon Current tax assets (netj		175J2
   	Other non current assats	764A3	67555
   	¥otel own - CUzrmt a¥eets
   	flwentoñes		t,763.76
   	Finandgl as6ets
   	a) Investments		21.53
   	b) Trade receivables		3,117.21
   	c) Cash and cash equivalents		SSI.93
   	d) Bank balances other than above		597.62
   	e) Loans		162.74
   	fi QI¥er flnaixJal a$sets
   	Current tax essecs (set]		1S6.%
   	other currem asceo
   			t1537
   	Equity attributable to sharehalders of the Company
   	N Comrdllifig lmerens
   	b) Trade payables		22.66.
   	Deferred tex hablbty (net)		2.42
   	a) Borrowings
   	b) Trade payables:
   	Dues to m ro & smati e«terprbes		56.75
   	Dues other than micro & small enterprber *		6,SS6S5
   	ct Ocher fln#rtdaI IltblJitles'		314.M
   	Current tax liabilities (net)		10A4
   	Qther aJrrent liabilities		3,139.79

   ° Accrued salaries end weges to employees hrre been redasslfTed under "Other flnpndai IIatgIkIes" who were hitherto Gduded in Grade payables* amounting to y 117.76 Cr as at March 31, 202S (s06.59Cr aset March 3s, 2021) In cpnsolldated ba1ance sheet.

   Date: IS.OSS Managing OTrector

   
   
   

   8

   NCC Limited

   			Bear ended March 41, 2025	Year ended March 31, 2024
   ,t.	Cash flows horn operating activities erofit befor e ta* Adjustments for: Depr ec‹ation and amortisation expenses Share of profit of associates Profit on saie of property, plant artd equipment and investment property Finance costs Interest income Profit on sale of current investments (net) Provision for Investment In Associates Gain on remeasnrirtg investment at LVTPr (net) Trade recetvables and advances written off Rrovision for doubtful trade receivables / advances / others ExpeEted credit loss for unbil led revenue Amount charged off pursuant to arbitration award Exceptional Items (netl Rental income from investment properties Operating profit before working capINI changes Adjustments for (increaseJ / decrease in operating asseD: In Inventories in Trade receivables In Other financial assets in Other assets Adiustments fpr increase / (decrease) In opentlng I1ablllces: In Trade payables In Other financial liabilities in Other current IIab›l›ties In Provisions CaSh generated from operations Income taxes paid (net of refunds)		1,187.Z8 [9.67} (33.S9) ggg.11 (95.41} (g. } 0.24 (12.41)	L,O60.9L 22l9Z (Z,57) 594.75 (92.67) (0.221 T33 s.oo 3S1.34 32.53 (13.62)
   			789.38	1,122.07
   			1,976.66	2,182.99
   			(2,441,78) (52.54) 66.63 18.53	]389.73) 28.90 1s.37 (1,670.77) 1,732.04 f238.96) 41.43
   				(452.79)
   			(116.22)	1,730.19 (370.74)
   	net cash flows from operating ardvities {a)		ygy.yg	1,359.45
   a.	Cash flows from investing activities Acquisition of property. plant and equipment, investment property, intangible assets inciuding capital work in progress Proceeds from disposal of property, plant and equipment and investment property Movement in margin money deposits / other depasits Proceeds from sale of current and •on current investments Purchase/ (sale) of current investments fnet) Loans given to associates and others Loans realised from associates and others Interest rece ved Renal inca›:n e from Investment property Foreign Exchange translation adjustment (arising on consolidation)		(319.51) S4.86 2S.t8 16.35 2.20 77.71	[285 18) 34.40 (193.45) 52.25 1736 54g3 2.13
   	Net cash flows (used) in investing activiti+s (B)
   C.	Cash flow from financing activities Proceeds from long term borrowings Repayment of long term borrowings Short term borrowings borrowed / repaid (net) Finance coscs paid Exceptional Item paid Equity contribution by Nci Dividend/buyback amount paid to Non-ControIIi ng interests D vidend pa‹d
   			1,145.20	53.09
   			(814.47)	(128.48)
   				81.S9
   				(593.72)
   				(10.92)
   			0.49
   			(42.441	(34.65)
   	Net cash flows (usedl in financing activities (C)		(246.68)	(771.Z2)
   	Net Increase / (decrease) in cash BId t8Sh equivalents [A+B+C) Cash and cash equivalents at the beginning of the year Cash and cash equivafenD at the end of the year		436.47	269.54
   			ss1.93	282.39
   				551.93
   	RecenciTiation of cash and cBsh equivalents whh the balance sheett Cash and cash equivalents cash and cash equlvaleno at the end of the year			551.93
   				55193
   Note; Figures in bracIceI;s represent:s ca	se

   for NCC Limited

   Place! hyderadad Date: 15.OS.20ZS

   A.A.V.RANGARAJU

   Managing Director

   
   
   

   NCC Llmhed

   ON• L72200TG1990PLC011146

   
   
   

   Registered Offitce: NCC HOUSE, Madhapur, Hyderabad-5£El 0s1, Tel : 04o-23Z6B8B8, Fax: 040-231255S5,emaiI : ncc.ho@nccltd.in Website : https://www.ncclimited.com Corrsolfilated Audited Segment-wke Revenue, Result, Total assets and ToIa1 iiaaiiit

   SNo	Particulars	Quarter ended
   			31.12.2024	31.03.2024	3t.as.zozs	31 D3.2024
   		Audited LR•+• note 4)	Unaudited	Audited (Refer note 4)	Audited	Audited
   1	Gross segmeM revenue Construction Real estaEe Others Revenue f@flt OgCMtlOltS Segment result " COnstruCtion Real estate Others Total Less: Unallocadle finance cost Add: UnaJlocable other income Add! Share of profit/(loss) of associates Profit before exceptional kems and tax Less: Exceptional items (net) Profirt b0fOr0 t8x	6,09Z.45 36.43	5,285.90 58.62	6,326.33 146.09 12.46	21,934.66 26Z.26 2.44	20.420.33 374.8t 49.82
   			5,344.52	6,484.88	2Z,199.46	20.B44.96
   		369.29 5.49 (5.94)	286.80 7.40 (2.70)	384.51 23.80 0.36	1,23o.03 (11W)	1,095.80 47.51 4.37
   		(49.59) (1.06)	291.50 (42.90) 11.32 30.11	408.67 (35.21) 16.71 0.45	79.96 9.67	1,147.66 f119.39) 59 87 5.28
   		367.L6		390.62	1,1g7.2g	1,094.44
   				f32.S3)		(32.53)
   		367.L6	270.03	3S8.09		1,060.9t
   	Segment assets Real estate Others Total segment assets Aâb. Unallocable corporate assets Segment liablliiies Construction Rear estate Total segment liabilities Add: Unallocable corporate liabilities Total liabilities				660.96 61.11	15.643.95 737.82 54.19
   					19,033.03	1.661.42
   					1Z,017.M 51.65	10.075.14 225.62 53.41
   					12,975.26	931.33
   					13.503.94	11,2BS.SO
   ' Includes other income and finance cosQ pertain1ng to respenive segmenu. The GroUp has reposed segment information as per Ind AS 10B "Operating Segments". The Identification of operating segments is consistent with performance assessment and resource allocation by the management. 2 a) Construcdon segment comprises of engineering and construnlon of industrial, commercial, residential and other bulldings, roads, bridges, flyovers. water supply and environment projects, railways, metro corridors, mining, power transmission and distribution lines, irrigation, smart meter projects etc. Segment revenue, segment results, segment assets and segment liabilities include the respective amounts identifiable to each of the segment. Unallocable income and expense include lnEome earned and expense incurred on unallocable assets and liabitlties respectively. Unallocable assets mainly comprise investment, Investment progeny, borrowings and bank balances that can be used across segments. Unaltocable liabilities mainly comprise shon term borrowings and interest accrued thereon. The figures for the quarter ended March 3t are the balancing figures between the audited figures of the full financial year ended March 31 and unaudited figures for the nine months ended December 31. By order of the Board for NCC Limited CHARTERED Place : Hyderabad AAV.9ANGAflUUU Date : 1S.OS.2025 Managing Oirector

   1. Real estate segment comprises of group's real estate development / real estate construction business.

   2. Others segment comprises of BOT projects.

   IBU II oor, "NOPTfJ LOB6 Y"

   S.R. &ATLIBOI a AssOciATES LLP TUE ? KYVIEW 10

   
   
   

   Sur'.'ey No. B3/1, Rs durgam P yderaba d SOO O*2 India

   Tel : +9 1 40 6 11 1 S?00

   independent Auditor*s Report on the Quarterly and Year to Date Consolidated Financial Results of NCC

   I.imited, pursuant to the Regulation ñ1 uf tku SkBl (I.isting Ubligatiuns aurl Wscosuro Requirements) Regulations, 3h15, as amended

   To

   The Board Of Direclo rs NCC Limited

   Heport on the audit of the Consolidated Financial Results

   V'e hax'c audited the accompanying siatemenl of quarterly and year to date consolidated financial results of NC'C Limited ("Holding Company") w'hich includes 4 branches and 42 joint operations and its subsidi;uies (the Holding Company and its subsidianes ttigether rcfcrred tc› us the "Group") and iis associates for the quarter and year ended March 31, 2025 ("Siatemrni"J. attached hercw'ilh, being submitted b3' the I folding Company pursuant to ihe requirements of Regulation 33 of the SF.R I (Listing Obligalions and l9isclosure Requirements) Regul'4tions. if) i 5, as amended t"l.isiinp Regulations").

   
   
   

   consideration of the reports of' tfitter auditors on scp1i'alc aiidilcd financial st‹itcrncnts. financial results and other financial information of lhe subsidiaries, associates, branches and joint operations referred to in ihc "Other Matlcr" paragraph below', the Statemeni:

   
   
   

   ti.

   iii.

   includes the results oF the entities es referred to in Annexure I ;

   are presented in accordance with tlic requirements of the Listing Regulations in this regard; and gives a true and fair vips in confi›rmity wiih thc applicablc accounting standards, and other accounting principles generally accepted in India. of the consolidated net profit and other comprehensive incomc and other financial iniormaiion of' the firoup for the quarter and year ended March 31, 2025.

   Basis for Opininn

   We conducted our aiidil in acct›rdancc wiih the Slandards on A pditinp t SA s J, ‹i.s specified unher Ser itsii t4 ›f IIt or' the Companies Act. 20.13, as amended ("the /ct"). Our respr›nsibil ities under those Standards arc further described in the "Auditor's itesponsibilitics for the Audii of the Consolidated Financial Results" section of' our repos. We are independent of the Gtoup and its associates in acc‹irdancc ith the 'Cude of lithics' issued by the institute of Chartered Accountants of lndiu iogether wflh the ethical requirements thai nre relexani to our audit ref thy financial statenicnt:s tinder ihc pr‹›x isi‹vis u1' the ,dcl and the lime s thctctindcr, ant) s c ha c t'ul tillctl iour oilier cth‹cai responsibilities in accordance n ith these requirements and ihc C mdc ul' 1.thick. fi e bc•lic c thai ihc audit evidence obtained by us and other auditors in terms of their reports referred lo in "Other Maner" parapaph helow, is sufficient and appropriate to pros ide a basis for our opinion.

   NJanagement's Responsibilities for the Consolidated Financial Results

   The Statement has been pruyarcd on the haais ol" the consolidated annfiut financial statements. The Holding

   
   
   

   trt›c and fair vice' up the net {profit and othcr c‹›myrehcnsive incnmc and otftcr financial inffirmat on at ihc Crnup includtnp its associates in accordanc c ss ith the applicable accounting siandards prescribed under scci icon I S3 of the Acl read ss'itn rc levant nilcs issucJ thereunder and other accounting principles generally accepted in India and in ctimpliitnee worth iteqnNation 3S of the Listing F cpiiI atiens. T]4c respect iv e hoard of t3irectors of the compact its included in the €iroup and uf its associates are rvspons ibie liar mnin teiiunce ot adequate accounting records in accordance with the provisions of the Act lor saléguardinp cit' the ussets i›1' the Ciroup and us associates and for preventing and detecting frauds and oihc•r irregularities, selection and application ol appropriate accounti•g policies. making judgrncnis and cstiniaies thai are reast›nablc and prudenl; and ihe design, implementation and maintenance ot adequatc internal financial conirols, ihat were t›pcratiiip e1'léctivefy for ensuring the accuracy and completeness of the accountin p rectards, refer ant to the preparation and Fresentation ot the Statement ihai gi› e a

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   rrue and fair view and arc free fr‹›m material misxtatcmmt, 'hether rl ie In t'raud or cnt›r, v•hich have burn used for the purpt›sc ot"preparation at"the Statement fry the Directors nf thc Hu1ding Company, as aforesaid.

   In preparing the Statement, the respective Board of Directors of the companies inc ludcd in the Group and of' its associates arc responsible for assessing the abitirv or' thc Group and its associates to continue as a going concern. disclosing, as applicable, mattcrs related to going cone cm and using the ¿i›iiiu concern basis of acct›unting un(css management either intends to liquidate the Group or to cease operations, or hus nn realistic alternative but to dv

   DC tits Cctivc Board of Directors/those charged o ith gos'emance of lhe companies included in the Group and of its associatcs as applicable, arc also responsible for os crsccing the financial reporting process of the Group and its associates.

   Auditor's Responsibilities for thc Audit of the Consolidated Financi«i nesults

   Otir objectives arc io i›biain reasonable assurance about whether thc Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an au‹litor's rcpori that includcs our opinion. Reasonable assurance is a high level of assurance, but is mm u guarantee that an audit conducted in acct›rdance Cth SAs w ill

   always detect a material missieieiwnvni hen ii e. ists. Misstatements con arise from fraud ter Crror and arc

   considered matcrial if. indi› idual ly or in the aggregate, they could reasonably be expected i‹› influence the economic decisions of users taken on the basis of' the Stalemcni.

   As part ot an audit in accordance with SAs. we exercisc pror ssional judgment and maintain professional scepticism thr‹ui¿choo1 hoc aitdit, \'c ‹ilea:

   • Identify and assess the risks or' material misstatement ot' the Statement, ›s'hcther due to fraud or error. design and perform audit procedures responsive to those risks, and ohtain audit evidence that is sufficient and appropriate to provide a basis tor our opinic›n. The nsk ot not dctcciing a materiz I missiaicment resultjng from fraud is highcr than for one resulting from error, as traud may int olx'c collusion, forgery. intentional omissions, misrcprcsentaiions, c›r the override of internal control.

   • C4btain an understarid1flh tel' Internal cnntrol relevant to the audit in tirder to design audit procedures that are appropriate in the circumstanccs. Lndcr Section I 43(3)(iJ or ‹h t, wee are also responsible for expFCssing our opinion on 'hether be company has adequate internal tnancial controls w ith rc Terence to financial staicmcnts in place and the opcrating cftectivcness of such controls.

   • Evaluate the appropriateness ct' accountinti policies used and the rca.sonab1encss oi'acccun1inp csttniaies and related disclosures made hy the l3oard ‹ I' Director:›.

   • Conclude on the appropriateness of the i3‹ ard of' I2irec rors use cf the going concern basis of'accounting and. dased on the audit exudencc obiained, hether a material unccrta inty exists related i‹› events or conditions that may cast significant deficit on hue ability of thc Group and ils associated to continue as a going concern, IF we conclude thai a material uncertainty ex ists, we are requircd to draw' attention in our auditor's repoft ti› the related disc Insures in the S tateni cm or, if Stich disc1centres 1i't inadcq uatc, in mom iI}

     ‹›ir oqinir›n. ( liir conrl imsions are basest ‹:n tl c audit ex idcncc ›b1aincy up i › the date tiI' our uudi i‹›i''s repon. however, future events or conditions may cause ihc Croup and its associates Io ccxc to continue as a going cr›nccm

   • Evaluate the overall presentation, strucnrc and contcnt o/ the Statement, including the disclosures, and ix'hether the Statement represent the underlying transactions and evcnts in a manner thai achieved lair presentation.

   • LJhtain sutTicicnt agpr‹›priatc audit c 'idcnce rcg r4iny tne linan al statements and other re ults'financial iljfonuation at the cntitics within ihc €Jruug and its associatc' tu express an up nion on ihc Stutemcni. We xre responsihlu• for the 4ircctic›n. sugcn-is on a td pcr£omiancc of* the audi› u/ the Time al inl‹›rtnation of such entities nc ludcd in the Statement of"n'hi h n'c are thc indcpcndcnt cull tors. Lur ii c

   ‹›ther entitics inc ludcd in tile Statement. vhi«h llavc been auJttcd by ut]1cr audit‹›rs, uc)j ‹other itudtnrs rcna'n tesgunsihle I1r tic direct ‹ n, suncm'i5icrI and pcrlow8nc ‹›t"the audits «arTiñd ouf by tlJcn1. A'c remai» so1cIY rc';ionsble ‹›t our arxJit opinion.

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   S.R. &ATLIBOi a AssociATES LLP

   Chartered Accountants

   We communicate with those charged with governance rif the Holding Company and such other entities included in the Statement cif which we are the independent auditors regarding, among olhcr markers, the planned scope and iiming of the audit and significant audit findings. inciuding any significant deficiencies in internal conlrol thai we identify during our audit. We also prox'ide those charged with govcmancc with a statement that ss'e havc complied w'ilh relevant ethical requirements regarding independence, and lr› com m unicate w ith them all relationships and other matters that may reasonably be ihnught to hear on our independence, and where applicable, related safeguards.

   Wc also performed procedures in accordance wilh the Master Circular issued by the S›ccuritics Exchange Bt›ard of India under Regulation 33 (8) of the Listing Regulations, to ihc extent applicahlc.

   Other Matter

   The accompanying Sfafcmcnt includes the audited tinancial rcsults/statements and other tirtaccial information, irt rcspcct of:
   
   

   • 35 subsidiaries, o branrhes and I it joint upcratioi . s hose financial i esutts si:iicireiiis include t‹›:aJ assets of Rs 2,606.46 crores as at Starch 31, 2G25, iotal revenues of Rs 534.59 crores and ks 3,393.67 crores, total net profit after tax ref Rs. 22.32 crores and Rs 1.25,14 crores. total comprchcnsixe income of' Rs. 22.32 crores and Rs. 1.25.14 crores, for the quarter and the year ended on thal date respectively, and nct cash ouifioxvs of Rs. 5.1.97 crores for the year en4ed March 31, *0*5. as consitiered in the Statement which have been audited by their respective independent auditors.

   • 5 associates, whose financial results'statcinenis includc Croup's stiarc of' net (loss)/profi1 of' Rs. t I .08) crores and Rs. 9.67 crores and Group's share nf total cumprchcnsivc (loss)/incomc of As. tl .08 crores and Rs. 9.f›7 crores tor tlic gunner and for the year ended March 31, 2025 rcspcciively. as considered in the Statement ishose financial results/financial stateinetils, olher financial infontiatiori has e been audited by their respective indcyndeni auditors.

     The intlepcndcni auditor's report on the financial statcmcnts,'Iinancial results and other financial information of these entities have been furnished to us by the Matiapcmcisi and our opinion on the Statemeni in so far as it relates to the amounts and disclosures included in rcspeci ol' these subsidianes. branches, joim operations and associates is based solely on the reports of such auditors and the procedures pertormed by us as stated in paragraph above.

     UI"the abuv'c, rubs diaries and I hranclJ arc Treated outside India a'l u c linanvia1 statcmcnts at›4 ether financial information huve been prepared in accordance with the accounting principles gcnerall}' accepted in thcir rcspcctive countries and 'hich hax'e been artrtitcd fry other auditors under generally accepted auditing standards applicable in their respect ve counlrics. The Holding tompany's management has con'crted the I"tnanciaI results/financial statements ‹›r such subsidiaries and branch located outside lndi3 from accounting principles generally accepted in thctr respective countries to accr unting principles generally accepted in India, We hax'c audited these conversion adjuslmetts made by thc I-holding Company's man2gcment. Our opinion n sc far as it relates f‹› the balances and affairs of such subsidiaries and hrafich located ouside India s baseJ on the report of othgr auditors anJ the conx'ersion adjustinctits yrcped b the mana¿enzcnf uFthc /‹›)ding £?umpaziy and atJJ/led h}' up.

     
     
     

   • 4 associates, w'hose linaticial results/statetiients iricludes the £3ruup's share of rrel protit of' lbs. Oil and Rs Nil and Group's share of' ttital corn prehensive income of' Rs. Oil antI Rs. Nil for tire quarter and for the year ended March 31, 2025 respectively. as considered in the Statement ishose financial results 's]atemcnts and other financial infonration have rim been audited by their auditors.

   C

   ERED

   *CCOuHI TS

   
   
   

   These unaudited financial statements and other unaudited tinancial information/linancia] results have huen appro›'ed and fiJmishrd jl s by the Management and nur npinton nn the Statement. in so far as ii relates to the amounts and di9tlosurcs ncIuded in respect of ihnse associates, is ba.sed solely on such

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   unaudiied finattcial statements and other unatidited financialinformatiom'firiancial results. In otir opinion and according to the information and explanatitins given to us by the Management, these financial statements and other financial information/financial results are nor material to the Group.

   Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial results/financial statements and other financial information certified by the Management.

3. The Statement includes the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of ihc full financial year ended March 31, 2C25 and the published unaudited year-to-date figures up to the end of the thitd quarter of the current financial year. which were subjected to a limited review by us, as required under lhe Listing Regulations.

Chartered Accountants

fCAl Finn R istration .Number: I01049WY300004

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ACGOUNtANTS

per Harisb Kbemnani

Membership No.: 218576

Date: May IN, 202*i

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