As per attached intimation
Awaiting price reaction for this filing.
NBCC reported strong FY25 results with consolidated operating income of INR12,039 crores (16% YoY growth) and PAT of INR557 crores (35% YoY growth). Standalone order book crossed INR1 trillion to reach INR104,000 crores, with consolidated order book at INR120,000 crores — more than double from the previous year. The company secured business worth INR67,000 crores standalone and INR75,280 crores consolidated in FY25, a 265% jump year-on-year. Management guided FY26 consolidated revenue of INR15,000-16,000 crores and PAT of INR750-800 crores, with a 3-5 year vision of INR25,000 crores top-line and INR2,000 crores bottom-line by FY28. Amrapali Phase II saw INR6,800 crores of units sold via e-auction with 8,258 houses under construction. NBCC also opened a subsidiary in Dubai for overseas real estate operations.
Strong order book visibility and multi-year revenue/PAT guidance should be positive for the stock. Management's confidence in 25%+ EBITDA margins from real estate projects and expected ramp-up in execution supports growth narrative, though FY26 guidance appears conservative given the INR1.2 trillion order book. Shareholders can expect sustained growth momentum, with potential upside from redevelopment projects across Delhi and other state governments.