Nuvoco Vistas Q3 FY26: 5 MMT volume, ₹386 crore EBITDA

Key dates investors are tracking

Nuvoco Vistas Corporation Ltd. is scheduled to report its Q4 FY25-26 results on 14 April 2026, based on the earnings calendar shared in the provided data. The company’s last earnings date was Q3 FY25-26, marked as 15 January 2026. The upcoming print is important because Q3 FY26 was described by the company as a quarter where demand recovered sharply in December after a weaker start. That recovery was linked to increased government infrastructure spending and improved rural sentiment. Investors will also watch whether pricing actions taken in January sustain through the March quarter. Management commentary around volumes, costs, and the progress of the Vadraj asset refurbishment is also likely to be closely read.

What the company said about Q3 FY26 demand conditions

In its Q3 FY26 earnings summary dated 16 January 2026, Nuvoco said the quarter began with macro headwinds but demand improved strongly in December. The company attributed the rebound to higher government infrastructure spending and improving rural sentiment. Nuvoco also indicated that price increases were implemented in January across trade and non-trade channels, and that the sustainability of these increases would be monitored. Alongside demand, the company flagged distribution and raw material costs declining sequentially, which supported margin improvement during the quarter. It also said it is monitoring regulatory changes such as new Labour Codes effective November 2025, while assessing no material impact at the time of the update.

Q3 FY26 operational performance: record volumes

Nuvoco reported an all-time high third-quarter consolidated cement volume of 5 million tons in Q3 FY26, up 7% year-on-year. This volume milestone matters for a cement maker because operating leverage can materially influence profitability when utilisation rises and costs are managed. The company also highlighted that it achieved the lowest blended operational cost in 17 quarters at ₹1.41 per Mcal. For investors, the cost metric is notable because energy is a major component of cement manufacturing economics. Nuvoco’s update also emphasised premiumisation as a strategic lever, with premium products maintaining a 44% share of trade volumes.

Profitability in Q3 FY26: revenue, EBITDA, and PAT

In the same Q3 FY26 earnings summary, Nuvoco said consolidated revenue increased to ₹2,704 crore from ₹2,410 crore in Q3 FY25. EBITDA was reported at ₹386 crore, up 50% from ₹258 crore in the year-ago quarter. Consolidated net profit after tax for Q3 FY26 was stated at ₹49.37 crore, compared with a net loss of ₹61.37 crore in Q3 FY25. The company linked margin improvement to cost reductions, including sequential declines in distribution and raw material costs.

Nine-month performance up to December 31, 2025

Separately, a results release for the third quarter and nine months ended December 31, 2025 reported revenue of ₹8,052.98 crore for the nine months (INR 80,529.8 million), compared with ₹7,329.53 crore a year ago (INR 73,295.3 million). Sales for the nine months were reported at ₹8,031.54 crore (INR 80,315.4 million), compared with ₹7,314.42 crore a year ago (INR 73,144.2 million). Net income for the nine months was ₹218.96 crore (INR 2,189.6 million), compared with a net loss of ₹143.70 crore (INR 1,437 million) a year ago. Basic and diluted EPS from continuing operations were both reported at ₹6.13, compared with a basic and diluted loss per share of ₹4.02 a year ago. The Q3 FY26 earnings summary also cited 9M FY26 total income of ₹8,053 crore, up from ₹7,330 crore in 9M FY25, which is directionally consistent with the nine-month revenue figure above.

Q2 FY26 recap: profit turnaround and segment details

For Q2 FY26 (quarter ended September 30, 2025), a PTI report said Nuvoco posted a consolidated profit of ₹36.43 crore, compared with a net loss of ₹85.17 crore a year earlier. Revenue from operations was reported at ₹2,457.57 crore, up 8.33% year-on-year. Total expenses were ₹2,410.27 crore, and total income (including other income) was ₹2,461.45 crore. The report also stated cement sales volume of 4.3 MMT in Q2 FY26. Segment-wise, the cement business revenue was reported at ₹2,217.84 crore, and ‘Ready Mix Concrete and Others’ at ₹257.74 crore.

Expansion and Vadraj: what is on the roadmap

Nuvoco’s Q3 FY26 summary said the Vadraj acquisition and East region expansion are expected to drive total cement capacity to 35 MMTPA by FY28. In a separate PTI report quoting management, the company was described as aiming to expand cement capacity to 35 MTPA by FY27. The same PTI report said the Vadraj Cement Plant is being refurbished, with operationalisation targeted by Q3 FY27. The key near-term watch item is execution progress, because refurbishment timelines can influence volume ramp-up and cost outcomes. The company’s stated strategy also includes premiumisation and trade mix improvement, which it has linked to better performance during periods of uneven demand.

Stock and market snapshot in the provided data

The provided market snapshot shows a price level of 309.05 and a 52-week range of 276.30 to 477.35, along with volume of 18,372 (as displayed). Separately, the PTI report on Q2 FY26 said the shares settled at ₹404 on BSE, down 5.43% from the previous close on the day of that report. These datapoints reflect different dates and contexts, so they should be read as standalone snapshots rather than a single continuous price series. For earnings-focused investors, the more actionable marker in the dataset is the upcoming results date of 14 April 2026.

Key numbers at a glance (all ₹ in crore)

What to watch into Q4 FY26 results

The company’s own commentary suggests the key swing factors into Q4 include the follow-through of January price hikes and the pace of demand supported by government capex and rural confidence. Nuvoco has stated a target of 7%-8% volume growth in Q4 and a double-digit CAGR aspiration for the next two years, which will be assessed against actual dispatches and market pricing conditions. Investors may also look for updates on cost trends after the company reported its lowest blended operational cost in 17 quarters in Q3. Another monitorable item is any incremental disclosure on the Vadraj refurbishment schedule and the broader capacity expansion plan toward 35 MMTPA. The company has also flagged tracking of the new Labour Codes effective November 2025, which could appear in risk or cost commentary.

Conclusion

Nuvoco’s Q3 FY26 update combined record quarterly cement volumes with higher revenue and EBITDA, and a return to positive net profit versus the year-ago quarter. The next major milestone in the dataset is the Q4 FY25-26 results date of 14 April 2026, when management’s price, demand, and expansion execution commentary will be in focus.