- 16 May 2025
- ICICIdirect Research
NCC ON STANDALONE BASIS, REPORTED REVENUE FROM OPERATIONS FOR Q4 FY25 AT ₹5376 CRORE
NCC - 229 Change: 2.65 (1.17 %)News: NCC on standalone basis, reported revenue from operations for Q4 FY25 at ₹5376 crore, down 1.3% YoY. EBITDA reported at ₹495 crore was down 2.8% YoY along with margins reported at 9.2% YoY, down 20 bps YoY. PAT reported at ₹214 crore, was up 14.4% YoY. For FY25, revenues were reported at ₹19205 crore, up 4.9% YoY. EBITDA at ₹1746 crore was up 5.9% YoY along with Margins at 9.1% were up 10 bps YoY. PAT was reported at ₹761 crore, up 20.5% YoY.
View: NCC’s revenues were subdued owing to slower execution amid elongated billing cycles. It’s orderbook stood at ₹62471 crore as of Q4 FY25, 2.8x book to bill, with order inflows for FY25 at ₹28500 crore. It is targeting order inflows of ₹22000-25000 crore for FY26. With healthy bid pipeline and robust order backlog, the company has guided for 10% revenue growth for FY26. It has guided for margins to remain stable at 9-9.25%.
Impact: Neutral