New Delhi: State-owned NBCC (India) Limited, a Navratna Public Sector Enterprise under the Ministry of Housing and Urban Affairs, has reported a 24.8% year-on-year rise in consolidated net profit for the quarter ended September 30, 2025 (Q2FY26). The company’s net profit stood at ₹1.56 trillion, compared to ₹1.25 trillion in the same quarter last year.
Revenue and income growth
NBCC’s revenue from operations rose 19% YoY to ₹2,910.20 crore in Q2FY26, up from ₹2,445.73 crore in Q2FY25. The company’s total income reached ₹30.1 trillion during the quarter, while total expenses stood at ₹28.1 trillion.
The project management consultancy (PMC) segment — NBCC’s largest revenue contributor — reported ₹2,835.94 crore in revenue for Q2FY26, marking a 30.22% increase from ₹2,177.78 crore a year earlier.
However, revenue from the engineering, procurement, and construction (EPC) business declined 67.84% YoY to ₹67.4 crore, compared to ₹209.60 crore in Q2FY25. The real estate segment also saw a significant drop of 91.88%, with revenue falling to ₹4.66 crore from ₹57.42 crore a year ago.
Operational performance
At the operational level, EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹101 crore for Q2FY26, slightly up from ₹100 crore in the previous year’s corresponding quarter.
However, the EBITDA margin contracted by 58 basis points to 3.5%, compared to 4.08% in Q2FY25, primarily due to lower real estate and EPC contributions.
Second interim dividend announced
The company’s Board of Directors has approved a second interim dividend of ₹0.21 per equity share (21% on face value of ₹1 each) for the financial year 2025–26. The record date for determining eligible shareholders has been set as Wednesday, November 19, 2025, and the dividend will be paid within the time frame stipulated under the Companies Act, 2013.
Stock performance
Following the announcement, NBCC shares slipped 2.72% intraday to ₹109.01 apiece on the National Stock Exchange (NSE). As of 3:04 PM, the stock was trading 2.53% lower at ₹109.23 per share.
Despite the short-term dip, NBCC shares have gained over 7% in the past six months and 18% year-to-date, with a current market capitalisation of ₹29,457 crore (as of November 13, 2025).
Outlook
The strong performance of NBCC’s PMC segment continues to drive overall growth, reflecting robust demand for government infrastructure and redevelopment projects. The company’s consistent dividend payouts and stable profitability underline its commitment to shareholder value and operational efficiency.
About NBCC (India) Limited
NBCC (India) Limited is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Housing and Urban Affairs, Government of India. Established in 1960, the company is primarily engaged in project management consultancy (PMC), engineering, procurement and construction (EPC), and real estate development. NBCC plays a key role in executing large-scale government projects, including smart city development, housing, and infrastructure modernization, and is recognized for its expertise in redevelopment and sustainable construction across India.
