NBCC (India) Limited, a Government of India Navratna enterprise, announced its consolidated unaudited financial results for the quarter and half-year ended September 30, 2025.
The project management consultancy and EPC major demonstrated robust profitability growth driven by strong PMC segment performance, improved order execution and operational efficiency across its diversified portfolio of infrastructure and real estate projects.
For the quarter ended September 30, 2025, NBCC achieved consolidated revenue from operations of ₹2,910.20 crore, registering growth of 19% YoY and 22% QoQ. Total income stood at ₹3,017.16 crore, up 20% YoY and 22% QoQ compared to the respective periods.
Profit before tax reached ₹204.75 crore, marking an expansion of 23% YoY and 13% QoQ. Profit after tax stood at ₹156.68 crore, demonstrating strong growth of 25.21% YoY and 16.04% QoQ. Basic and diluted earnings per share were ₹0.57 for the quarter compared to ₹0.45 in Q2 FY25.
For the half year ended September 30, 2025, consolidated revenue from operations reached ₹5,301.38 crore, up 16% from ₹4,588.26 crore in H1 FY25. Total income totalled ₹5,482.65 crore, reflecting 16% growth year on year.
Half-year PBT stood at ₹386.20 crore, growing 25% from ₹309.74 crore previously. PAT attributable to owners came to ₹285.65 crore, up 26% from ₹226.74 crore in H1 FY25. Earnings per share for the half year were ₹1.06, up 26% YoY.
Read More: NBCC Signs Strategic MoU With Real Estate Developer in UAE For Project Execution!
The Project Management Consultancy segment recorded revenue of ₹2,835.94 crore in Q2 FY26 with a segment result of ₹158.84 crore, demonstrating strong execution capabilities. Real Estate segment delivered revenue of ₹4.66 crore with a segment result of ₹4.91 crore. The EPC segment contributed revenue of ₹67.40 crore with a segment result of ₹4.30 crore.
The Board declared a 2nd interim dividend of ₹0.21 per equity share of face value ₹1 each, representing 21% dividend for FY 2026. The record date is fixed as November 19, 2025, for ascertaining the eligibility of shareholders for payment.
The dividend will be paid within the stipulated period under the Companies Act 2013. Earlier, the 1st interim dividend of ₹0.21 per share was paid on September 3, 2025, and the final dividend of ₹0.14 per share for FY 2025 was paid on October 15, 2025.
The consolidated results include 5 subsidiaries: HSCC (India) Limited, Hindustan Steelworks Construction Limited, NBCC Services Limited, NBCC DWC LLC in Dubai and NBCC Overseas Real Estate LLC in Dubai from April 23, 2025. The group also includes 3 joint ventures: Real Estate Development and Construction Corporation of Rajasthan Limited, NBCC Mahavir Hanuman Group and NBCC Ahinsa Builders.
The DVAT demand of ₹404.80 crore raised in earlier years was set aside by the Appellate Tribunal and remanded back for recalculation vide order dated November 10, 2022. No further demand order received till reporting date, hence, contingent liability not ascertainable. GST demand of ₹90.72 crore, including penalty of ₹45.36 crore for FY 2018, is under adjudication with High Court stay granted on May 19, 2025, with next hearing scheduled November 17, 2025.
For Q2 FY26, the company spent ₹6.09 crore towards buyback of flats and refund of advances at the Green View Gurugram project. The company wrote down inventory amounting to ₹3.56 crore, being in excess of the amounts paid for buyback over the proportionate value of flats. The land of the project representing the proportionate value of undivided share attributable to unsold buyback units of ₹91.17 crore is included in the Real Estate Land Bank.
On November 13, 2025, NBCC (India) share price opened at ₹112.06 on NSE, near the previous close of ₹112.06. During the day, it surged to ₹113.50 and dipped to ₹109.25. The stock is trading at ₹110.23 as of 2:36 PM. The stock registered a decline of 1.63%.
Over the past week, it has declined by 2.79%, over the past month, it has declined by 1.47%, and over the past 3 months, it has moved up by 4.35%.
NBCC India demonstrated strong consolidated performance in Q2 and H1 FY26 with PAT surging 26% YoY and revenue growing 19% YoY, powered by robust PMC segment execution with ₹158.84 crore result, successful Dubai subsidiary incorporation, 2nd interim dividend of ₹0.21 per share and sustained order book providing revenue visibility across infrastructure and real estate development projects.
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Published on: Nov 13, 2025, 5:15 PM IST
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