New Delhi: NBCC (India) Limited, a Navratna PSU under the Ministry of Housing and Urban Affairs, has announced its audited financial results for the quarter and year ended March 31, 2026, showcasing strong growth in profitability, improved revenues, and key one-time gains from project reversals. The Board has also recommended a final dividend for shareholders.
NBCC FY26 Financial Results: Strong Growth in Profit
For the full financial year 2025–26, NBCC reported a significant rise in profitability:
- Standalone net profit: ₹70,329 crore (up 48% YoY from ₹47,611 crore)
- Consolidated net profit: ₹74,244.99 lakh (vs ₹55,742.46 lakh last year)
- Standalone revenue from operations: ₹9,75,531.30 lakh (vs ₹8,73,056.17 lakh)
- Consolidated total income: ₹13,19,588.69 lakh (vs ₹12,27,299.56 lakh)
- EPS (standalone): ₹2.60 vs ₹1.76 last year
The company said growth was supported by strong performance in its Project Management Consultancy (PMC) segment, which continues to remain its core revenue driver.
Q4 FY26 Performance: Profit Rises Despite Flat Revenue
For the quarter ended March 31, 2026:
- Consolidated net profit: ₹25,351.48 lakh (up from ₹18,266.73 lakh YoY)
- Revenue from operations: ₹4,55,979.82 lakh (down slightly from ₹4,64,384.82 lakh)
- Total income: ₹4,61,859.64 lakh
While revenue saw a marginal decline, profitability improved sharply due to better execution and segment performance.
Segment-Wise Performance: PMC Leads, Real Estate & EPC Weak
NBCC’s business segments showed mixed performance:
- PMC (Project Management Consultancy): Strong growth, largest contributor with ₹12,37,509.70 lakh revenue
- Real Estate: Sharp decline to ₹10,009.45 lakh from ₹25,895.53 lakh
- EPC (Engineering, Procurement & Construction): Fell to ₹38,200.89 lakh from ₹73,562.66 lakh
PMC continued to dominate overall earnings, while EPC and real estate segments remained under pressure.
Kochi Project Reversal Boosts Profitability
A major highlight of FY26 results was the reversal of an exceptional loss:
- ₹8,015.53 lakh loss related to the Kochi group housing project was reversed
- The reversal followed a Supreme Court order restoring earlier proceedings
- The project has been reinstated as inventory at original cost
- Independent valuation placed its net realizable value at ₹9,631.13 lakh
This reversal significantly supported NBCC’s annual profit growth.
Dividend Announcement: ₹0.46 Final Dividend Recommended
The NBCC Board has recommended a final dividend of ₹0.46 per equity share (46%) for FY26, subject to shareholder approval.
- Dividend will be paid within 30 days after approval at AGM
- Record date will be announced later
- Company also paid an interim dividend of ₹0.12 per share earlier in the year
Key Strategic Updates: HSCC Merger and Legal Developments
NBCC also shared major corporate developments:
- Government approval received for merger of HSCC (India) Limited with NBCC
- DIPAM has granted “No Objection” for the merger process
- Transaction advisor and merger committee have been appointed
In addition:
- Ongoing litigation continues in multiple real estate projects
- Recovery suit of ₹75,000 crore filed in Delhi High Court for Green View project
- Several provisions and write-offs remain for stressed projects
Stock Performance and Market Reaction
Following the results:
- NBCC shares rose around 2.7% to ₹97.40
- Stock gained over 6% in the past week
- However, it remains down nearly 20% year-to-date
- 52-week range: ₹77.18 to ₹130.70
- Market capitalisation: ₹26,316.90 crore
Auditor’s Report and Compliance Status
The statutory auditor issued an unmodified (clean) audit opinion for both standalone and consolidated financial statements, confirming compliance with SEBI regulations.
About NBCC (India) Limited
NBCC (India) Limited is a Navratna public sector enterprise engaged in Project Management Consultancy (PMC), Real Estate development, and Engineering, Procurement & Construction (EPC) services. Headquartered in New Delhi, the company plays a key role in executing large-scale government infrastructure and redevelopment projects across India.
