NCC Limited — Investor Meet, 10-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

NCC Limited's Q3 FY26 results show consolidated revenue of INR 4,900 Cr (down 9% YoY) with an EBITDA margin of 8.96%. Nine-month revenue stood at INR 14,693 Cr. The order book remains robust at INR 79,571 Cr, boosted by INR 12,430 Cr in Q3 fresh inflows. Gross debt increased to INR 2,980 Cr, driven by capex and delayed payments. Management reported initial payments of INR 560 Cr for Jal Jeevan Mission projects, with all major projects now cleared for execution. They anticipate a strong Q4 as execution gathers pace and unbilled revenue converts, supported by a diversified order book.