Quarterly Financial Results
Nuvoco Vistas Reports Strong Q1 FY27 Performance; EBITDA Rises 7% and PAT Grows 20% YoY
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Nuvoco Vistas Corporation Limited reported healthy operational and financial performance for the quarter ended June 30, 2026. The company recorded growth in sales volumes, revenue, EBITDA, and profit while inaugurating a new 2 MMTPA grinding unit at Limla Cement Plant, Surat, strengthening its expansion strategy in Western India.
PRICE-SENSITIVE TRIGGER
Event: Announcement of Unaudited Standalone and Consolidated Financial Results for Q1 FY27.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect:Â The company reported higher revenue, EBITDA, and profit alongside operational progress on capacity expansion projects, reinforcing its growth outlook.
Financials:
Key Metrics:
- Consolidated Sales Volume: 5.3 MMT (+5% YoY)
- Total Income: ₹3,129 crore (+9% YoY)
- EBITDA: ₹572 crore (+7% YoY)
- Profit After Tax (PAT): ₹160 crore (+20% YoY)
Operational Highlights:
- Commissioned 2 MMTPA Grinding Capacity at Limla Cement Plant, Surat.
- Kutch project remains on schedule with phased operationalisation beginning Q3 FY27.
- Bulk cement terminal at Viramgam, Gujarat targeted for commissioning by Q2 FY28.
- Total cement manufacturing capacity expected to increase to 35 MMTPA by FY28.
Highlight:
- Profit After Tax increased 20% YoY to ₹160 crore, while EBITDA reached a record ₹572 crore for the first quarter.
What Happened ?
Nuvoco Vistas announced its financial results for the quarter ended June 30, 2026, reporting broad-based growth across operating and financial parameters.
During the quarter, the company inaugurated a 2 MMTPA grinding unit at Limla Cement Plant, Surat, ahead of schedule. Alongside improved profitability, the company continued executing its capacity expansion programme, including progress at the Kutch project and construction of a new bulk cement terminal at Viramgam.
key details
Financial Performance:
- Consolidated cement sales volume grew 5% YoY to 5.3 MMT.
- Total income increased 9% YoY to ₹3,129 crore.
- EBITDA rose 7% YoY to ₹572 crore.
- Profit After Tax improved 20% YoY to ₹160 crore.
- The company recorded its highest-ever first-quarter EBITDA.
Note: Earnings growth was supported by operational efficiency and disciplined cost management.
Operations & Capacity Expansion:
- Successfully inaugurated a 2 MMTPA grinding unit at Limla Cement Plant, Surat.
- Expansion strengthens Nuvoco’s manufacturing footprint in Western India.
- Additional capacity is expected to improve supply to Northern markets by releasing capacity from Rajasthan plants.
- Kutch expansion remains on track for phased commissioning beginning Q3 FY27.
- Construction has commenced on a dedicated bulk cement terminal at Viramgam, Gujarat.
- Overall installed cement capacity is expected to reach 35 MMTPA by FY28.
Note: The company’s expansion programme continues according to planned timelines.
Business Impact:
- New grinding capacity enhances production and regional distribution capabilities.
- Ongoing investments improve long-term capacity utilization and logistics efficiency.
- Continued project execution supports future revenue growth and market expansion in Western and Northern India.
- Operational discipline helped offset macroeconomic and geopolitical challenges during the quarter.
Note: Capacity expansion remains a key driver of Nuvoco’s medium-term growth strategy.
Risk Analysis
Summary:
- Despite strong quarterly performance, the company highlighted continued geopolitical uncertainty and industry-wide supply chain risks.
Key Risks:
- Geopolitical developments may impact supply chains and input costs.
- Cost pressures within the cement industry remain a monitoring factor.
- Timely commissioning of ongoing expansion projects is important for future growth.
- Demand trends across infrastructure and construction sectors could influence volume growth.
Worst Case:
- Persistent geopolitical disruptions or project execution delays could increase operating costs and postpone expected returns from capacity expansion investments.
Risk Level: Medium
Company Commentary
- Strong year-on-year growth in EBITDA and PAT reflects operational resilience.
- The Limla grinding unit was commissioned ahead of schedule, demonstrating execution capability.
- Capital allocation remains disciplined while expansion projects continue as planned.
- The company will maintain focus on procurement efficiency, cost optimization, and supply chain improvements amid evolving geopolitical conditions.
- Operationalisation of remaining Kutch capacities will further strengthen Nuvoco’s presence across Western and Northern India.
Official Exchange Filing: Nuvoco Vistas Corporation Limited
