NCC Q-1 RESULT HIGHLIGHTS AND MAJOR SUPPORT TO WATCH OUT FOR BUY IN DEEP

Financial Performance Consolidated net profit of ₹192.1 crore for Q1 FY26, down 8.4% YoY from ₹209.9 crore in Q1 FY25. Revenue from operations of ₹1,930 crore, up 14% YoY from ₹1,694 crore in Q1 FY25, driven by higher contribution from buildings and roads projects. EBITDA at ₹239 crore, up 12% YoY, with margin expanding to 12.4% from 11.9% a year ago, reflecting better project mix and cost efficiencies. Order Book & Projects Total order book stood at ₹45,500 crore as of June 30, 2025, providing 5.2 x revenue visibility for the next four quarters. Significant new wins in roads (National Highways Authority of India), metro rail, and urban infrastructure segments during the quarter. Segment‐wise Trends Buildings & Housing: Revenue grew 18% YoY on execution of residential and institutional projects in South India. Roads & Bridges: 22% YoY growth, backed by progress in high-priority National Highway contracts. Water & Environment: Steady execution in water treatment and irrigation schemes; revenue flat YoY. Electrical & International: Modest 5% YoY uptick, aided by traction and power-transmission orders. Balance-Sheet & Cash Flow Net debt reduced by ₹250 crore QoQ to ₹3,200 crore; net debt/EBITDA ratio improved to 2.3 x from 2.5 x in Q4 FY25. Operating cash flow of ₹180 crore for the quarter, with robust collections from completed milestones. Management Commentary & Outlook Leadership reaffirmed focus on execution excellence, working capital optimization, and early debt repayment. Guidance reiterated: Revenue growth target of 12–14% and margin expansion of 50–70 bps for FY26. Order pipeline remains strong with bids worth ₹30,000 crore under final evaluation. Major Support: 190 Major Resistance: 210 & 220