NCC shares jump nearly 5% despite YoY decline in Q1 PAT, revenue

Shares of NCC Ltd surged 4.6% intraday on Wednesday to hit a high of Rs 220.80 on the BSE, even as the company reported a year-on-year (YoY) decline in both profit after tax (PAT) and revenue for the first quarter of FY26.

For the quarter ended June 2025, NCC posted a PAT of Rs 192 crore, down 8.5% YoY from Rs 210 crore in Q1FY25. Revenue also fell 6.3% YoY to Rs 5,179 crore versus Rs 5,528 crore in the same quarter last year.

Meanwhile, the EBITDA dropped 4.6% YoY to Rs 456 crore, though the EBITDA margin expanded by 16 basis points to 8.8%.

Despite the subdued earnings, sentiment was buoyed by the company’s strong order inflow and expanding order book, which stood at an impressive Rs 70,087 crore, reflecting a 33% YoY growth.

NCC secured fresh orders worth Rs 3,658 crore in the quarter—an eye-catching 797% jump from the year-ago period—underscoring strong business momentum.

The investor optimism in the stock today may have been driven by a robust order book and strong order inflows.A breakdown of the company’s order book shows a diversified mix: buildings (34%), transportation (26%), electrical (22%), and mining (7%), while water, railways, and irrigation projects comprise the rest.Order execution during Q1 was led by buildings (34%), mining (16%), and electrical (18%).

The company’s earnings per share (EPS) for the quarter stood at Rs 3.06, while net debt was reported at Rs 1,574 crore.

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