Nuvoco Vistas Corp. Ltd. announced its financial results for Q3 2026, with a net profit of ₹49.37 crore. The company also plans to acquire Vadraj Energy Gujarat Limited (VEGL) to enhance captive power consumption for Vadraj Cement Limited (VCL). The company has approved financial results and is taking measures to strengthen its operational capabilities through strategic acquisitions in the energy sector. Nuvoco Vistas is managing incentive claims and legal challenges.
Financial Performance Highlights
Nuvoco Vistas Corp. Ltd. reported a net profit of ₹49.37 crore for the quarter ended December 31, 2025. Total income reached ₹2,704.03 crore. Expenses totaled ₹2,639.49 crore. The company’s earnings per equity share stood at ₹1.38. These results reflect the company’s performance in a competitive market environment during Q3 2026.
Strategic Acquisition of Vadraj Energy
To enhance captive power consumption for Vadraj Cement Limited (VCL), Nuvoco Vistas plans to acquire Vadraj Energy Gujarat Limited (VEGL) by acquiring 100% equity of Algebra Endeavour Private Limited (AEPL) for ₹200 crore. This move will enable Nuvoco Vistas to control VEGL’s power plant, which is strategically situated within VCL’s premises. The acquisition is aimed at streamlining energy costs and ensuring a reliable power supply for cement operations.
Segment Performance
The cement segment reported revenue of ₹2,455.83 crore, with segment results at ₹166.43 crore. Ready Mix Concrete and Others generated revenue of ₹256.51 crore, but showed a segment result loss of ₹6.00 crore. This division performance indicates specific challenges within the ready-mix segment, requiring strategic adjustments.
Industrial Promotional Assistance and Legal Matters
Nuvoco Vistas continues to address pending legal challenges related to industrial promotional assistance from the Government of West Bengal. The outstanding claim balance as of December 31, 2025, is ₹427.14 crore (Gross), with a provision for expected credit loss of ₹238.22 crore. The company also faces legal challenges regarding the Revocation Act, but remains confident in recovering outstanding incentives based on legal advice. Nuvoco Vistas actively pursues resolution and protects its financial interests.
Additional Financial Ratios
Key financial ratios include a debt/equity ratio of 0.50 and a current ratio of 0.49. The debtors turnover ratio is 12.46 and inventory turnover ratio is 11.82. Nuvoco’s operating margin is 14.48% and net profit margin is 1.86%, portraying an in-depth overview of its fiscal health and operational efficiency.
Source: BSE
