NBCC Q1 FY27: Standalone Margin Surge, Redevelopment Monetisation, and a Big Order Pipeline

Standalone revenue from operations was INR 1,823.04 crore and standalone PAT was INR 150.65 crore in Q1 FY27.

Consolidated revenue from operations was INR 2,259.53 crore and consolidated PAT was INR 158.01 crore in Q1 FY27.

The investor presentation states consolidated order book of INR 1,26,964 crore as on 30.06.2026.

Management guided FY27 consolidated revenue at INR 16,000 to 17,000 crore; FY28 around INR 21,000 crore; FY29 around INR 24,000 to 25,000 crore.

Management indicated PAT margin guidance of 6 to 6.5 percent and EBITDA margin minimum of 6.5 to 7 percent, expecting improvement as redevelopment and Amrapali contribute more.

The board gave in-principle approval to incorporate a wholly owned SPV for the proposed CPSE REIT (subject to approvals). Management said it plans to transfer about 75,000 sq ft of NBCC rentable assets to the SPV and work with other CPSEs to build a larger portfolio before listing a national REIT.

The presentation notes an interim dividend of INR 0.15 per share.