Analysts/Institutional Investor Meet/Con. Call Updates

Ref. No.: NCCL/Reg.30/Transcript/2026-27 Date : August 11, 2026 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra – Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai - 400 051 Mumbai – 400 001 Symbol: NCC Code: 500294 Dear Sir, Sub: Submission of Transcript of the audio conference call held on August 7, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the earnings audio conference call held on August 7, 2026, with analysts discussing the performance & financial results of Q1 of the FY 2026-27. The transcript is also available on the Company’s website at https://www.ncclimited.com/analyst-column.html Kindly take the above on record. Thanking you, Yours faithfully For NCC Limited A Karthik Company Secretary Encl: as above NCC Limited CIN: L72200TG1990PLC011146 NCC House, Madhapur, Hyderabad 500 081 T +91 40 2326 8888 F +91 40 23125555 ncclimited.com Email: ho.secr@nccltd.in “NCC Limited Q1 FY '27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. R.S. RAJU – DIRECTOR, PROJECTS – NCC LIMITED MR. SANJAY PUSARLA – EXECUTIVE VICE PRESIDENT (FINANCE & ACCOUNTS), NCC LIMITED MR. NEERAD SHARMA – HEAD (STRATEGY & INVESTOR RELATIONS), NCC LIMITED MODERATOR: MR. VAIBHAV SHAH – JM FINANCIAL INSTITUTIONAL SECURITIES LIMITED Page 1 of 22 NCC Limited August 07, 2026 Moderator: Ladies and gentlemen, good day and welcome to NCC Limited Q1 FY '27 Earnings Conference Call. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing ‘*’ then ‘0’ on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Vaibhav Shah. Thank you and over to you, sir. Vaibhav Shah: Thank you, Atharva. On behalf of JM Financial, I welcome everybody to 1Q FY '27 Earnings Conference Call of NCC Limited. We have from the management today, Sri R. S. Raju – Director of Projects; Sri Sanjay Pusarla – Executive Vice President, Finance And Accounts; and Sri Neerad Sharma – Head, Strategy & Investor Relations. Now I hand over the call to the Management for the opening remarks, post which we can begin with the Q&A session. Over to you, sir. Neerad Sharma: Thank you very much, Vaibhav. Good morning, everyone. This is Neerad. It gives me great pleasure to welcome you all to NCC’s Earnings Call for the 1st Quarter of the Financial Year '26-'27. At the very outset, I would like to thank each of you for joining this interactive session and for your continued interest and trust in NCC. I have with me my colleagues, Mr. R. S. Raju – Director, Projects and our CFO, Mr. Sanjay Pusarla. Yesterday we announced our unaudited financial results for the 1st Quarter of FY '27, which has been uploaded on our website and shared with the stock exchanges. We trust you have had the opportunity to review the financial statements and the investor’s presentation. Before we begin, I would like to draw your attention to a brief disclaimer with a request to study a detailed version from our Investor Presentation: This presentation may contain certain forward-looking statements concerning NCC’s future business prospects and profitability, which are subject to several risks and uncertainties. The actual results could materially differ from those indicated in such forward-looking statements. Page 2 of 22 NCC Limited August 07, 2026 This interaction is broadly divided into three parts. In the first part, I will present a brief overview of the business environment, operational highlights, and our outlook for the FY '27. In the second part, our CFO will cover the detailed financial performance for the 1st Quarter of FY '27. In the third and last part, we will take up your questions. During the last quarter, the operating environment remained broadly stable and execution across our project portfolio gathered pace. Project progress across the sector continues to be influenced by fund allocation, client approvals, land availability, utility shifting, and billing milestones. And our teams have remained focused on mitigating these through disciplined project execution and close engagement with our clients. Our underlying business fundamentals remain robust, supported by a diversified order book across seven business divisions and an established and proven project management framework. As of 30th June '26, our order book stands at INR 81,214 crores. During the quarter, we have booked new orders worth INR 3,889 crores, mainly from our Buildings and Water & Railways divisions. This order book provides us a book-to-bill of about 3.5x, giving healthy multi-year revenue visibility. If we take into account the projects bagged in the month of July, the total order inflow stands at INR 4,542 crores. In the 1st Quarter of FY '27, the company has reported a turnover of INR 5,842 crores on a consol basis as against INR 5,208 crores in the corresponding quarter of the previous year, registering a growth of 12%. On a standalone basis, the number is same, about 12% growth over the last quarter of the previous year. The EBITDA margin for the quarter stands at 9.4% on a consol basis as against 8.8% in the corresponding quarter of the previous year. I am pleased to share our guidance for FY '27 with you. The order inflow for this financial year is a band INR 22,000 crores to INR25,000 crores. I repeat, INR 22,000 crores to INR 25,000 crores; revenue growth of 8% to 10% and EBITDA margin in the range of 8.5% to 9%. The broad components of this order book as of the end of the 1st Quarter is the Buildings division stands at INR 22,357 crores, which is about 28% of the total order book. The Transportation division has an order book of INR 16,344 crores, which is about 20% of our order book. The Electrical T&D stands at INR 13,312 crores, which is about 16% of the order book. The Mining division stands at INR 13,400 crores, representing 16% of the total order book. The Water & Railways division holds INR 10,994 crores, which is about 14% of the order book. The Irrigation division has INR 4,806 crores, which is about 6% of the order book. Now I hand over to my colleague – Mr. Sanjay Pusarla, with a request to share the detailed financial performance of the company for the last quarter. Page 3 of 22 NCC Limited August 07, 2026 Sanjay Pusarla: Thank you, Neerad. This is Sanjay Pusarla – CFO from NCC Limited. Good morning, ladies and gentlemen. I am pleased to announce the financial results for Q1 FY '27 at NCC Limited. Before I start my presentation, it is my pleasure to announce that the turnover in Q1 of FY '27, which is INR 4,912 crores, is the highest Q1 turnover reported in the history of NCC. And as far as the consolidated turnover is concerned, we have reported INR 5,842 crores. This is also the highest turnover of NCC history. The earlier highest turnover was in standalone INR 4,747 crores, which was reported in Q1 of FY '25, at consol, INR 5,558 crores in Q1 of FY '25. Now I will take you to my presentation. My announcement will be in the order of order book, revenue, profitability, debt movement, and some of the important balance sheet items. Coming to the order book: Our order book stands at INR 81,214 crores as at the end of June 30th, 2026. You are aware the order book at the beginning of the year stands at INR 83,004 crores, and orders received during this quarter is INR 3,889 crores. The order book contains standalone of INR 71,312 crores and from the subsidiaries, INR 9,902 crores. Coming to the revenue: At the standalone level, we have reported a turnover of INR 4,952 crores in Q1 FY '27 against the turnover of INR 4,430 crores in the corresponding quarter of the previous year, thereby an increase of 12% reported. Consol [Showing first 8,000 characters — download PDF for full document]