NCC Q2 FY27 Results: Consolidated Net Profit ₹199 Crore on Total Income of ₹5,042 Crore
- Earnings
- construction and infrastructure
Reviewed byKeshav SehgalBlacklitt Research
NCC (NSE: NCC) reported consolidated total income of ₹5,041.68 crore and net profit of ₹198.84 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹4,956.71 crore and standalone net profit ₹163.17 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹5,041.68 crore, up 10.0% YoY and down 13.7% QoQ
- Net profit and EPS: ₹198.84 crore, up 11.9% YoY; basic EPS ₹2.93
- Finance costs: ₹211.33 crore, up 28.2% YoY, 4.2% of total income
- Order book: ₹80,167 crore at 30 Sep 2026, with ₹4,838 crore secured in the quarter
Standalone
The company on its own, without its subsidiaries
- Total income: ₹4,956.71 crore, up 33.4% YoY and 0.1% QoQ
- Net profit and EPS: ₹163.17 crore, up 60.2% YoY; basic EPS ₹2.60
- Finance costs: ₹165.74 crore, up 8.7% YoY, 3.3% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 5,041.68 | 4,585.06 | +10.0% | 5,842.48 | -13.7% | |
| Revenue from operations | 5,014.61 | 4,543.01 | +10.4% | 5,811.83 | -13.7% |
| Other income | 27.07 | 42.05 | -35.6% | 30.65 | -11.7% |
| 198.84 | 177.73 | +11.9% | 228.90 | -13.1% | |
| Profit before tax | 269.85 | 208.62 | +29.4% | 311.54 | -13.4% |
| Finance costs | 211.33 | 164.82 | +28.2% | 198.02 | +6.7% |
| Depreciation | 75.15 | 55.91 | +34.4% | 69.31 | +8.4% |
| Tax expense | 71.01 | 30.89 | +129.9% | 82.74 | -14.2% |
| Net profit margin | 3.94% | 3.88% | +0.07 pp | 3.92% | +0.03 pp |
| EPS, basic (₹) | 2.93 | 2.46 | +19.1% | 3.45 | -15.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The company's order book stood at ₹80,167 crore on a consolidated basis at 30 Sep 2026, and orders secured in the quarter aggregated ₹4,838 crore, according to the press release. The release does not give the value of the orders by project.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 4,956.71 | 3,715.06 | +33.4% | 4,952.45 | +0.1% | |
| Revenue from operations | 4,917.08 | 3,726.56 | +31.9% | 4,911.50 | +0.1% |
| Other income | 39.53 | 44.50 | -11.2% | 40.95 | -3.5% |
| 163.17 | 101.88 | +60.2% | 187.31 | -12.9% | |
| Profit before tax | 218.19 | 117.94 | +85.0% | 253.51 | -13.9% |
| Finance costs | 165.74 | 152.53 | +8.7% | 163.13 | +1.6% |
| Depreciation | 72.75 | 55.48 | +31.1% | 66.16 | +10.0% |
| Tax expense | 55.02 | 16.06 | +242.6% | 66.20 | -16.9% |
| Net profit margin | 3.29% | 2.74% | +0.55 pp | 3.78% | -0.49 pp |
| EPS, basic (₹) | 2.60 | 1.62 | +60.5% | 2.98 | -12.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 60.2% year on year, faster than total income at 33.4%, and profit before tax rose 85.0% to ₹218.19 crore. Standalone tax expense of ₹55.02 crore is 25.2% of profit before tax, against a much lower tax rate in the year-earlier quarter, when tax was ₹16.06 crore.
Standalone other income of ₹39.53 crore is 0.8% of total income. Finance costs of ₹165.74 crore rose 8.7%, a slower pace than depreciation, which rose 31.1%.
Standalone net profit of ₹163.17 crore is ₹35.67 crore below consolidated net profit of ₹198.84 crore. Consolidated net profit attributable to shareholders for the quarter is ₹184.29 crore.
Inference
The board approved the reappointment of three directors, A A V Ranga Raju, A G K Raju and J V Ranga Raju, for five years from 1 Apr 2027 to 31 Mar 2032, and an alteration of the objects clause, all subject to a special resolution through postal ballot. The notice will be sent to members in due course. The filing does not say when the ballot results will be known.
The consolidated statement shows dividend paid of ₹138.13 crore in the half year. The filing does not state a reason for the sequential fall in quarterly profit, nor the expected effect of the objects clause change on the business.
Filed with BSE on . Reference: Original filing (PDF)
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