NCC Limited — Investor Meet, 11-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

NCC Limited reported its highest-ever Q1 consolidated turnover of INR 5,842 Cr, up 12% YoY, with EBITDA margins at 9.38%. The order book stands strong at INR 81,214 Cr, offering 3.5x revenue visibility. Management provided FY27 guidance: 8-10% revenue growth and 8.5-9% EBITDA margins, reflecting a cautious but confident outlook amidst an uncertain operating environment. Key operational updates include substantial progress on JJM projects, expected completion of smart meter CAPEX by March 2027, and ongoing resolution efforts for BharatNet optical fiber price challenges. Debt increased due to smart meter financing. Management notes all orders are executable.