Earnings Review
NCC posts weak Oct-Dec show, PAT halves on year
This story was originally published at 18:56 IST on 5 February 2026
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--NCC Oct-Dec net profit INR 820.1 mln
--Analysts saw NCC Oct-Dec net profit INR 1.43 bln
--NCC Oct-Dec revenue INR 40.43 bln
--Analysts saw NCC Oct-Dec revenue INR 44.58 bln
--NCC Oct-Dec net profit INR 820.1 mln vs INR 1.85 bln year ago
--NCC Oct-Dec revenue INR 40.43 bln vs INR 46.71 bln year ago
--NCC Apr-Dec net profit INR 3.74 bln vs INR 5.46 bln year ago
--NCC Apr-Dec revenue INR 121.48 bln vs INR 138.30 bln year ago
--NCC Oct-Dec labour code implementation cost INR 331.5 mln
By Durgesh Nandan
MUMBAI – NCC Ltd.'s top line and bottom line fell short of consensus estimates, with both the metrics declining year on year. The net profit, which fell for the third straight quarter, halved on year primarily due to decline in sales and other income, even as the overall expenditure declined. The bottom line was also affected due to costs incurred towards the new labour code. The company's revenue from operations fell for the fifth straight quarter in a row.
The construction company reported a net profit of INR 820 million for the December quarter, down nearly 56% on year and nearly 20% from the trailing quarter. Analysts had expected the company to report a net profit of INR 1.43 billion. The company had to bear a one-time cost of INR 331.5 million due to the impact of new labour codes.
NCC's revenue for the quarter was down over 13% on year and more than 8% on quarter at INR 40.43 billion. Analysts had expected it report a top line of INR 44.58 billion.
Other income for the December quarter was INR 394 million, down more than 19% on year and almost 19% on quarter. The company's total expenditure for the quarter was INR 39.41 billion, down almost 12% on year. The fall in expenses was due to 16% on-year decline in construction expenses to INR 3.71 billion and 14% fall in raw materials costs to INR 16.36 billion. The cost of materials consumed accounted for 42% of the company's total expenditure for the quarter.
The company's sub-contractor costs fell more than 13% on year to INR 14.24 billion, which also led to fall in expenses. Its finance costs were INR 1.68 billion, up nearly 5% on year. Employee benefits expense rose over 3% to INR 2.00 billion. The Hyderabad bench of the National Company Law Tribunal has approved the scheme of amalgamation between NCC Infrastructure Holdings Ltd. and the company effective Feb. 28. Consequently, NCC Infrastructure Holdings shall stand dissolved without being wound up, the company said.
NCC announced its quarterly results after market hours on Thursday. Shares of the company ended nearly 2% lower at INR 152.09 on the National Stock Exchange. End
Edited by Ashish Shirke
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