Nuvoco Vistas Net Profit Climbs 20% Year-on-Year to ₹159.63 Crore in Q1 FY27

Leading building materials manufacturer Nuvoco Vistas Corporation Limited has announced its consolidated unaudited financial results for the first quarter of the fiscal year 2026-27, ended June 30, 2026. The company reported a solid expansion in its bottom-line earnings, posting a 20% year-on-year growth in net profit, supported by steady pricing power in core markets and lower financing costs.

Income Summary and Segment Breakdown

Nuvoco Vistas posted consolidated revenue from operations of ₹3,128.71 crore during Q1 FY27. While this marks a seasonal sequential cooling of 5.38% from the construction-heavy March quarter (₹3,306.75 crore), it indicates a healthy 8.91% year-on-year growth against the ₹2,872.70 crore generated in the corresponding period last year. With the addition of ₹3.61 crore in other income, total income for the three-month span stood at ₹3,132.32 crore.

A breakdown of the company's gross segment revenues reveals:

Cement: The primary segment brought in gross revenues of ₹2,861.84 crore, increasing from ₹2,630.35 crore in Q1 FY26.

Ready Mix Concrete (RMX) & Others: This division added gross revenues of ₹279.70 crore, outperforming the ₹254.45 crore generated in the year-ago quarter.

Inter-segment Eliminations: Internal adjustments amounted to ₹12.83 crore, resulting in net operations revenue of ₹3,128.71 crore.

Expenditure Matrix and Input Cost Pressures

Total consolidated expenses for the quarter came in at ₹2,856.30 crore, up from ₹2,685.90 crore in Q1 FY25. Input structures shifted as follows:

Logistics and Energy: Freight and forwarding charges remained the largest cost header at ₹838.29 crore (compared to ₹785.60 crore in Q1 FY25). Power and fuel outlays reached ₹559.61 crore, up from ₹514.03 crore in the year-ago period.

Raw Materials: Cost of materials consumed stood at ₹463.88 crore, while finished inventory structural updates provided a credit buffer of ₹(50.12) crore.

Finance and Fixed Costs: Finance costs dropped significantly to ₹70.28 crore, down 39.99% year-on-year from ₹117.13 crore, highlighting effective debt-reduction strategies. Depreciation and amortization charges were recorded at ₹225.55 crore, while employee benefits normalized at ₹197.05 crore.

Improved Operating Margins and Higher EPS

Thanks to lower finance costs and improved core operations, profit before tax (PBT) reached ₹276.02 crore. This is up from the unadjusted PBT of ₹201.60 crore in Q1 FY26, and higher than the exceptional-item adjusted PBT of ₹233.20 crore logged in Q4 FY26.

After provisioning a total tax expense of ₹116.39 crore (including a current tax outgo of ₹90.04 crore, a deferred tax allocation of ₹27.07 crore, and a marginal prior-period adjustment credit of ₹0.72 crore), Nuvoco Vistas closed the quarter with a consolidated net profit of ₹159.63 crore.

Out of this, ₹159.76 crore was attributable to the owners of the parent company, while non-controlling interests accounted for a minor deficit of ₹(0.13) crore. The bottom-line performance marks a 19.88% expansion over the net profit of ₹133.16 crore recorded in the same period last year.

Total comprehensive income for the quarter stood at ₹157.98 crore, factoring in a net change of ₹(1.65) crore under other comprehensive income. On a paid-up equity share capital base of ₹357.16 crore (comprising shares of face value ₹10 each), basic and diluted earnings per share (EPS) advanced to ₹4.47, up from ₹3.94 sequentially and ₹3.73 year-on-year.

Assets and Liabilities Balance

As of June 30, 2026, the company's financial balance sheet expanded:

Total Consolidated Assets: Stood at ₹20,922.28 crore, compared to ₹20,299.02 crore at the end of the previous fiscal year on March 31, 2026. This includes Cement segment assets of ₹19,855.62 crore and RMX assets of ₹870.09 crore.

Total Consolidated Liabilities: Stood at ₹10,535.53 crore, up slightly from ₹10,070.25 crore in March 2026, with core Cement segment allocations accounting for ₹5,169.26 crore.

The Company has made significant strides in project execution as it inaugurated 2 MMTPA of Grinding capacity at Limla Cement Plant, Surat, one of the Vadraj Cement Plant facilities, ahead of schedule. This achievement is a strong testament to the Company's project execution capability. This also marks a significant expansion in Western India and would release much-needed capacity at Rajasthan plants for the Northern market.

The progress on project operations at Kutch also remains on track for operationalisation in phases starting from Q3FY27. Moreover, the work has commenced on a bulk cement terminal at Viramgam, Sachana, Gujarat, which will be equipped with a dedicated railway siding. This facility is targeted for operationalisation by Q2FY28 and will serve as a strategic distribution hub to deepenNuvoco's presence and expand its reach across theGujarat market. Alongside these initiatives, the Company's capacity expansion programme is progressing as planned and will increase Nuvoco's total cement capacity to 35 MMTPA by FY28.

The Company achieved cement sales volume of 5.3 MMT in Q1FY27, registering a 5% YoY growth. Consolidated Total Income grew 9% YoY to Rs. 3,129 Cr. in Q1FY27. The Company also reported a growth of 7% YoY in EBITDA to Rs 572 Cr. in Q1 FY27, achieving the highest ever EBITDA for a first quarter in the Company's history.

Commenting on the performance of the Company, Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco VistasCorp. Ltd., stated, "We have had a strong start to the year, delivering higher business performance despite macro headwinds particularly emanating from geopolitical tensions. The Company achieved strong YoY growth in both EBITDA and PAT. The performance reflects resilient execution, supported by continued focus on cost discipline and operational efficiencies. On the growth agenda, the company achieved a major milestone of inaugurating the Grinding Unit at Limla, Surat, ahead of schedule, which reflects the strength of our project execution capabilities and the commitment of our teams on the ground. This achievement reinforces our commitment to disciplined capital allocation and sets a strong foundation as we work towards operationalising the remaining capacities at Kutch in the coming quarters and thereby further consolidating our footprint in Western as well as Northern India."

Furthermore, he added, "The geopolitical uncertainty that has persisted over recent quarters has tested supply chains and cost structures across the industry. Our teams have managed this well, maintaining strong cost discipline while preserving operational performance. Going forward, while we remain watchful of evolving geopolitical developments, we will continue to pursue the same rigour through prudent procurement, continued cost optimisation, and ongoing improvements in supply chain efficiency."

Shares of Nuvoco Vistas Corporation Ltd was last trading in BSE at Rs. 315.70 as compared to the previous close of Rs. 320.05. The total number of shares traded during the day was 39713 in over 1285 trades.

The stock hit an intraday high of Rs. 325.00 and intraday low of 308.95. The net turnover during the day was Rs. 12626473.00.

Source : Equity Bulls

Keywords

NuvocoVistasCorporation INE118D01016 CementProducts Q1FY27 Q1FY2027 ResultUpdate