NCC NCC Q3 FY26 results (Oct–Dec 2025) and concall
NCC faced a challenging third quarter characterized by a 9% revenue contraction as payment delays in the Jal Jeevan Mission (JJM) projects stalled execution. Despite these headwinds, the company maintained a strong bidding momentum, pushing its order book to nearly ₹80,000 crores. The primary concern remains the spike in debt and working capital intensity, though management expects a recovery in Q4 as payments from the central government have started to flow in January 2026.
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What they filed
Q3 FY26: revenue down 8.9%, net profit down 34.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 5,196 | 5,345 | 6,131 | 5,179 | 4,543 −13% | 4,868 −9% |
| EBITDA | 443 | 441 | 555 | 456 | 393 −11% | 436 −1% |
| Net profit | 175 | 206 | 265 | 205 | 167 −5% | 135 −34% |
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.
