Nuvoco Vistas Corp. Ltd. announced a 7% year-on-year increase in volumes, reaching 5 million tons in Q3 FY26, marking the highest Q3 volumes in the company’s history. EBITDA rose by approximately 50% year-on-year to INR 386 crores. The company has also undertaken a price increase in January, expecting further improvements in performance. Premium products sustained 44% of trade volumes, a historic high.
Financial Performance Highlights
Nuvoco Vistas Corp. Ltd. reported robust results for Q3 FY26, demonstrating resilience amid earlier macro headwinds. Key highlights include:
- Volume Growth: 7% year-on-year to 5 million tons, the highest Q3 volume ever. December saw a 20% volume increase.
- EBITDA: Increased by approximately 50% year-on-year to INR 386 crores.
- Premium Products: Sustained a historic high of 44% share of trade volumes.
Operational Efficiencies and Cost Management
The company efficiently managed operational costs, achieving the lowest blended cost in the last 17 quarters at 1.41 per Mcal, despite recent increases in pet coke prices. Raw material and distribution costs per ton also declined.
Balance Sheet and Debt Management
Nuvoco raised INR 600 crores through CCD issuances to replace short-term bridge financing, reducing overall debt levels. An additional INR 600 crores in CCD issuances is expected to substitute the remaining short-term bridge financing.
Vadraj Cement Plant and Expansion Projects
Refurbishment and project execution at the Vadraj Cement Plant remain on schedule, with operationalization planned in phases from Q3 FY27 to Q1 FY28. Steady progress is being made at Kutch and Surat sites.
Strategic Outlook and Digitization
Post the ongoing expansion at Vadraj and the East expansion, the company will continue focusing on balance sheet discipline and explore strategic options, including expanding presence in the North and strengthening positions in western and central markets. Digitization efforts continue to strengthen efficiency and transparency across operations.
Source: BSE
