NCC

Strong order inflows continue

1. Strong order inflows continue NCC has been receiving strong order inflows across: Roads and highways Buildings Water projects Electrical infrastructure The company’s order book remains at healthy levels, giving strong revenue visibility for the next few years. 2. Focus on infrastructure and government projects NCC continues benefiting from increased government spending on infrastructure development. Major opportunities are coming from: Urban infrastructure Smart city projects Jal Jeevan Mission Railway and metro projects 3. Strong execution momentum Management has highlighted improved project execution and better working capital management. Faster execution has helped improve revenue growth and operating performance. 4. Healthy quarterly performance Recent quarterly results showed steady growth in revenue and profitability supported by strong project execution. EBITDA margins remained stable despite competitive bidding in the infrastructure sector. 5. Order pipeline remains strong The company expects continued order wins from both central and state governments. Water supply, irrigation and transportation infrastructure are expected to remain key growth drivers. 6. Debt reduction and balance sheet improvement NCC has been working on reducing debt and improving cash flows. Better receivable collections and execution are supporting balance-sheet strength. 7. Positive sector outlook Infrastructure companies are seeing strong investor interest due to India’s continued capex push. NCC is considered one of the major beneficiaries of long-term infrastructure spending in India.