NBCC held its Q4 FY25 earnings conference call on May 30, 2025, hosted by ICICI Securities.
CMD K.P. Mahadevaswamy highlighted that NBCC secured an excellent MOU rating for FY24 with 98.5% marks, ranking second among all CPSEs.
Stand-alone operations achieved an operating income of ₹3,218 crore, a 7% YoY increase, and a PAT of ₹137 crore, up 34% YoY. Full-year operating income was ₹8,725 crore (8% YoY increase) with a PAT of ₹476 crore (38% YoY increase).
Consolidated performance showed an operating income of ₹12,039 crore (16% YoY increase) and a PAT of ₹557 crore (35% YoY increase).
The stand-alone order book crossed ₹1 lakh crore (₹1 Trillion) and now stands at ₹104,000 crore, with the consolidated order book at ₹120,000 crore, a 100% increase from last year.
₹10,500 crore worth of work awarded in different packages for Phase II of the Amrapali project, with construction starting on 8,258 houses. ₹6,800 crore worth of residential units sold through e-auction.
Secured new business worth approximately ₹67,000 crore on a stand-alone basis and ₹75,280 crore on a consolidated basis, marking a 265% growth in stand-alone business secured from last year.
Awarded approximately ₹17,000 crore of new tenders on a consolidated level in Q4.
Amrapali projects contributed ₹1,529 crore to the top line in FY25.
GPRA projects contributed around ₹2,500 crore to the top line in FY25, up 85% from last year. Netaji Nagar Phase I (₹1,450 crore) is 91% complete, with additional tenders of around ₹2,000 crore awarded recently and ₹1,900 crore in the pipeline.
Sarojini Nagar: Works worth ₹5,500 crore are ongoing, with additional tenders of around ₹2,500 crore awarded recently and ₹2,700 crore in the pipeline.
The company is expecting revenue to cross ₹15,000 crore to ₹16,000 crore in the current financial year.
The company expects new orders of ₹20,000 crore to ₹25,000 crore in the current financial year, with potential projects from Rajasthan, Bihar, Chhattisgarh, Telangana, and Andaman & Nicobar.
An exceptional item of ₹95.65 crore relates to a Kerala project (₹80 crore provision due to pending environmental clearance) and a Gurgaon project (₹15 crore for enhanced features).
The company is targeting a topline of around ₹25,000 crore and a bottom line of around ₹2,000 crore in the next 3 years, with an order book of around ₹1.5 lakh crore to ₹2 lakh crore.
For FY '26, the company expects a PAT of ₹750 crore to ₹800 crore, increasing to approximately ₹1,200 crore in FY '27 and ₹2,000 crore in FY '28.
The company is targeting to award projects worth ₹18,000 crore to ₹20,000 crore in FY '26.
The company is targeting a stand-alone revenue of around ₹11,000 crore.
The company's real estate segment is expected to have a 25% plus EBITDA margin going forward.