Mumbai: NBCC (India) Limited reported a 38% year-on-year rise in standalone net profit at ₹19,660.26 crore for Q3 FY26, driven primarily by the reversal of ₹8,015.53 crore write-down related to its Kochi group housing project following a Supreme Court order.
The company had earlier declared a second interim dividend of ₹0.21 per share for FY26, paid on 9 December 2025.
Key Financial Highlights Q3 FY26 (Standalone)
- Net Profit: ₹19,660.26 crore, up 38% from ₹14,277.56 crore in Q3 FY25
- Revenue from Operations: ₹2,08,753.75 crore, up 2.8% YoY
- Total Income: ₹2,10,057.08 crore, up from ₹2,05,930.61 crore
- Earnings Per Share (EPS): ₹0.73 vs ₹0.53 in Q3 FY25
- Exceptional Items: ₹8,015.53 crore reversal of Kochi project write-down
Nine-Month Performance (April–December 2025):
- Net Profit: ₹58,010.71 crore, up 41% YoY
- Revenue from Operations: ₹5,84,155.85 crore, up 6% YoY
- EPS: ₹2.15 vs ₹1.52
Segment Performance
- PMC Segment: Led NBCC’s performance with revenue of ₹2,01,089.08 crore and segment profit of ₹13,018.37 crore.
- Real Estate Segment: Recorded revenue of ₹2,659.33 crore and profit of ₹10,255.48 crore, driven primarily by the reversal of the Kochi project write-down.
- EPC Segment: Generated revenue of ₹4,355.39 crore with segment profit of ₹1,748.96 crore.
- Total Performance: Overall, NBCC reported total revenue of ₹2,08,753.75 crore and total segment profit of ₹25,535.60 crore for Q3 FY26.
The PMC segment continued to lead, while the Real Estate segment profit surged due to the Kochi project write-down reversal.
Major Project Updates
Kochi Group Housing Project: ₹8,015 crore write-down reversed after Supreme Court restored original writ petitions, with Net Realisable Value assessed at ₹9,499.21 lakh.
Green View, Gurugram: Structural cracks led to full evacuation; cumulative provisions stand at ₹46,882.51 lakh. Ongoing settlement and recovery processes include litigations and buyback costs.
Alwar – Aravali Apartments: E-auction secured ₹5,855 lakh in firm sales; prior provisions of ₹1,256.44 lakh reversed.
Land Bank Updates:
- Naya Raipur: Lease deed pending for ₹2,552.39 lakh group housing plot
- Faridabad: Conveyance deed pending for ₹13,178.41 lakh plot; provisions adjusted
NBCC Plaza, Pushp Vihar: Project on hold due to MCD FAR charges; provision of ₹954.43 lakh created.
Tax Developments: DVAT demand ₹40,480.01 lakh remanded; GST demand ₹9,072 lakh set aside by High Court.
Consolidated Results
- Net Profit: ₹19,721.52 crore, up 38% YoY
- Revenue from Operations: ₹3,02,239.36 crore, up 7.6% YoY
- Profit attributable to owners: ₹19,299.55 crore
- EPS: ₹0.71 vs ₹0.51
The consolidated results include five subsidiaries (HSCC, Hindustan Steelworks, NBCC Services, NBCC DWC LLC, NBCC Overseas Real Estate LLC) and three joint ventures.
Management Commentary
“NBCC delivered strong operational performance in Q3 FY26 with a significant exceptional gain from reversal of Kochi project write-down. PMC segment continues steady growth, and progress is being made on resolution of stressed real estate projects including Green View and Alwar. We remain committed to transparent accounting and stakeholder engagement,” said an NBCC spokesperson.
About NBCC (India) Limited
NBCC (India) Limited is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs, Government of India. The company specializes in project management consultancy, real estate development, and EPC services across India and internationally, contributing to infrastructure growth and urban development.
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