NCC NCC Q2 FY26 results (Jul–Sep 2025) and concall
NCC delivered a challenging second quarter characterized by a double-digit revenue decline and the withdrawal of annual guidance. While the order book remains at record levels, execution was severely hampered by an extended monsoon and slow payment cycles, particularly in the Water segment. Management is pivoting towards higher capex to support a massive new mining contract while navigating working capital pressures.
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What they filed
Q2 FY26: revenue down 12.6%, net profit down 4.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 5,196 | 5,345 | 6,131 | 5,179 | 4,543 −13% |
| EBITDA | 443 | 441 | 555 | 456 | 393 −11% |
| Net profit | 175 | 206 | 265 | 205 | 167 −5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
