Infrastructure company NCC Ltd reported a net profit of ₹122.5 crore for the third quarter, representing a 36.6% decline from ₹193.2 crore in the year-ago period. According to reports from CNBC TV18, revenue for Q3 declined 9% year-on-year to ₹4,868.3 crore, compared with ₹5,344.5 crore in the corresponding quarter last year. On a consolidated basis, the company reported a turnover of ₹4,900.43 crore for the third quarter, down from ₹5,382.86 crore in the previous year. The company has withdrawn its guidance for the entire year after its second quarter earnings, citing execution headwinds including protracted monsoon season, delays in project commencement due to approval issues, and stretched payment cycles in JJM projects.
EBITDA for the quarter stood at ₹436.3 crore, down 1% from ₹440.8 crore reported in the same quarter a year ago. As reported by CNBC TV18, EBITDA margin improved to 9% for the quarter, compared with 8.3% in the year-ago period. Basic and diluted EPS for the quarter were 1.95, against 3.08 in the year-ago quarter. For the nine-month period ended December 31, 2025, EBITDA was ₹1,285.67 crore, and net profit attributable to shareholders stood at ₹469.30 crore, compared with ₹1,361.76 crore and ₹566.06 crore respectively in the previous year. The company's cash flow has been temporarily influenced by milestone closures.
Shares of NCC Ltd ended at ₹152.49, down by 1.7%, on the BSE following the earnings announcement. According to CNBC TV18, the stock has declined 35.8% in the past year. The company's management declined to provide even qualitative guidance for the second half of FY26 due to execution headwinds, with an update expected only by March 2026. However, the management indicated they are focusing on maintaining operational efficiency to keep margins above the 7% mark.
During the third quarter, NCC secured orders aggregating ₹12,430 crore. As reported by CNBC TV18, the consolidated order book stood at ₹79,571 crore as of December 31, 2025. The company's order inflows this year, so far, are at ₹22,311 crore. The company also announced that the board approved the effective date for the amalgamation of NCC Infrastructure Holdings Ltd (NCCIHL) with NCC Ltd. Upon receipt of the certified copy of the order from the Hon'ble National Company Law Tribunal, Hyderabad Bench, approving the scheme, the effective date of amalgamation will be February 28, 2026.
NCC's order inflow target has been retained at ₹22,000 to ₹25,000 crore. As reported by CNBC TV18, the company is well on-track as it had secured approximately ₹17,420 crore in new orders by the end of October 2025, with further wins reported in November and December. The company's order inflow target for the current year stands at ₹22,311 crore, indicating strong momentum in securing new projects despite the challenging operating environment.
