State-owned NBCC Ltd delivered impressive financial results for Q4FY26, with consolidated net profit surging 37% year-on-year to ₹241.38 crore compared to ₹175.91 crore in the same period last year. According to the latest regulatory filing, this represents a growth of 37% in profitability for the January-March quarter of FY26. The strong profit performance was significantly aided by an exceptional gain of ₹80.1 crore during the quarter, which was related to the reversal of an earlier write-down in the company's Kochi real estate project after the Supreme Court recalled its earlier judgment linked to environmental clearance-related issues.
While profitability showed strong growth, NBCC's total income from operations declined 1.8% year-on-year to ₹4,559.79 crore in Q4FY26, down from ₹4,700.86 crore in the corresponding period last year. However, the company demonstrated robust sequential performance with consolidated profit surging 28.5% quarter-on-quarter and revenue increasing by nearly 51% on a sequential basis. As reported by Business Standard, the company's profit before tax rose to ₹342.29 crore in Q4FY26 from ₹208.3 crore in the year-ago quarter. Additionally, CNBC TV18 reports that EBITDA declined 3.4% to ₹287.3 crore for the quarter under review against ₹297.3 crore in Q4FY25, with EBITDA Margin narrowing marginally to 6.3% from 6.4% on a year-on-year basis.
According to Business Standard, the company's revenue from PMC business jumped 2.14% year-on-year to ₹4,356.78 crore in Q4FY26, while revenue from real estate tumbled 73.53% year-on-year to ₹42.72 crore and revenue from EPC business declined 33.39% year-on-year to ₹140.43 crore. Total expenses fell 1.81% to ₹4,276.44 crore in Q4FY26 compared with ₹4,355.43 crore in Q4FY25, with work and consultancy expenses at ₹3,950.29 crore (down 1% YoY) and employee benefit expenses at ₹106.14 crore (up 19.66% YoY).
For the complete financial year FY26, NBCC reported standalone total income from operations of ₹12,888.61 crore, up 7.01% from ₹12,043.77 crore in FY25, while net profit increased significantly to ₹720.03 crore from ₹541.13 crore a year ago. According to Business Standard, the company's Project Management Consultancy (PMC) segment remained the key revenue contributor, generating ₹3,771 crore during the quarter, compared with ₹2,892.6 crore in the year-ago period. This full-year performance demonstrates the company's operational efficiency and market positioning throughout the fiscal year, with NBCC Ltd engaged in project management consultancy (PMC), real estate and EPC (engineering, procurement and construction) sectors.
The Board of Directors of NBCC recommended a final dividend of ₹0.46 per paid-up equity share of ₹1 each for FY 2025-26, subject to approval by shareholders at the upcoming Annual General Meeting. According to Business Standard, if declared, the final dividend would be paid within 30 days from the date of declaration. This dividend recommendation reflects the company's commitment to returning value to shareholders while maintaining its financial strength. Separately, the company announced that the Department of Investment and Public Asset Management (DIPAM) has conveyed its no-objection to the proposed merger of HSCC (India) Ltd., NBCC's wholly-owned subsidiary, with the parent company.
Shares of NBCC gained 2.76% to ₹97.40 following the strong quarterly results announcement, as reported by Business Standard. The positive market response reflects investor confidence in the company's operational performance and future prospects, with the stock showing resilience despite broader market challenges. The company operates across three major segments - project management consultancy, real estate, and engineering procurement & construction - positioning it well for continued growth in the infrastructure and construction sector.
