NBCC (India)534309Quarterly results

Q2 net profit Rs. 22,523.85 lakh; 2nd interim dividend of Rs. 0.25 per share declared

Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Thu 5 Nov 2026, 3:25 PM IST · 3 min read

25%Interim dividend as percentage of face value

Interim dividend as percentage of face value: 25%.

Q2 Revenue from Operations: Rs. 2,88,962.39 lakh
Q2 Net Profit: Rs. 22,523.85 lakh
2nd Interim Dividend FY 2026-27: Rs. 0.25 per share, i.e. 25% of Re 1 face value

The Board declared a second interim dividend for the financial year 2026-27 of Rs. 0.25 per paid-up equity share of Re 1 each, which is 25% of the face value.
November 11, 2026 (Wednesday) is the record date for deciding which shareholders are eligible; payment will be made within the period allowed under the Companies Act, 2013.
An earlier interim dividend for the same year was declared in August 2026, and the final dividend for FY 2025-26 was paid in October 2026.

Revenue from operations for the September quarter was Rs. 2,88,962.39 lakh, higher than in the same quarter a year earlier.
Net profit for the quarter was Rs. 22,523.85 lakh, also higher year on year.
For the six months ended September 30, 2026, revenue from operations was Rs. 4,71,265.97 lakh and net profit Rs. 37,588.86 lakh.
Basic earnings per share for the half year was Rs. 1.39.

Project Management Consultancy remained the largest revenue segment, followed by real estate and EPC, which are much smaller.
The company also reports six foreign branches, whose results were certified by the management.

Merger of the wholly-owned subsidiary HSCC (India) Limited into the company: DIPAM gave its no-objection on July 09, 2026, the Board approved the scheme on July 14, 2026, and the First Motion Order was issued by the Ministry of Corporate Affairs on October 09, 2026. The scheme is still subject to approvals and sanctions.
A branch was incorporated in Australia on September 11, 2026 to take up identified potential projects there.
The Kochi group housing project, carrying inventory of Rs. 8,700.91 lakh, is still awaiting environmental clearance; the company has asked the authorities to reconsider the application following the Supreme Court judgment of July 29, 2026.
Land parcels at Naya Raipur and Faridabad are part of the land bank where lease or conveyance deeds are still to be executed, and the company has taken up the matters with the authorities concerned.
A Delhi VAT demand was set aside by the Appellate Tribunal and remanded back for recalculation; no fresh order has been received, so the possible liability is not ascertainable.

The statutory auditor's review report gives an unmodified conclusion on the standalone results.
The report draws attention to the pending deeds and stuck projects mentioned above.
It also notes that during the quarter and half year the Board did not have the requisite number of independent directors, including an independent woman director, and that the composition of the Audit Committee and the Nomination and Remuneration Committee was not in compliance with the applicable provisions.
The auditor did not review the accounts of six foreign branches; those figures were certified by the management.

The dividend of Rs. 0.25 per share goes to shareholders whose names appear on the record date.
Profit for both the quarter and the half year was higher than a year earlier, and the auditor's conclusion is unmodified.
The governance observations and the pending approvals and clearances are points to keep track of in later updates.

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