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NCL Industries Ltd

Q2 FY27Cement & Cement Products

NCL Industries Q2 Results 2026: PAT ₹20 Cr −0%, Revenue ₹386 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹386Cr
+11.9% YoY
+12.2% QoQ
Net profit
₹20Cr
0% YoY
+17.6% QoQ
Margin
10%
−5 pp YoY
−2 pp QoQ

NCL Industries Ltd Q2 FY27 key numbers

Revenue
Cement sales volume increased by 1.07 lakh MT during Q2-FY27.

As stated in NCL Industries Ltd's Q2 FY27 investor presentation · published 13 Nov 2026. Reported figures, not investment advice.

Based on NCL Industries Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹171
Market cap₹780 Cr
P/E6.3

The short version

Q2-FY27 revenue from operations: INR 3,859 Mn, up 12.0% YoY from INR 3,445 Mn in Q2-FY26 (Page 32). Quarterly (Q2-FY27) Financials:.

From NCL Industries Ltd's Q2 FY27 earnings-call transcript · updated 13 Nov 2026.

How did NCL Industries' revenue grow in the September 2026 quarter?

  • Q2-FY27 revenue from operations: INR 3,859 Mn, up 12.0% YoY from INR 3,445 Mn in Q2-FY26 (Page 32).
  • Cement sales volume increased by 1.07 lakh MT during Q2-FY27 (Page 31).
  • Bison Panel sales volume increased by 830 MT in Q2-FY27 (Page 31).

2 more points from NCL Industries Ltd's call on revenue

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What happened to NCL Industries' margins in Q2 FY27?

Quarterly (Q2-FY27) Financials:

Locked: what NCL Industries Ltd said on margins

Also locked on this page: fundraising, order book

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What capex is NCL Industries planning?

  • 130 MW Solar + Wind Hybrid Project at Tuticorin, Tamil Nadu
  • Total capex: INR 987 crore
  • Land acquired: 410 acres
  • Target commissioning: FY28
  • Purpose: Renewable energy expansion to support cement business, reduce power costs, and monetize surplus power
  • Board Manufacturing Expansion
  • Third board manufacturing unit at Simhapuri (Unit III), Suryapet, Telangana
  • Capacity: 30,000 MT
  • Cement Capacity
  • Integrated Cement Plant at Simhapuri, Telangana: 2.35 MTPA
  • Kondapalli Grinding Unit, Krishna, Andhra Pradesh: 0.99 MTPA
  • Visakhapatnam Grinding Unit, Thallapalem, Andhra Pradesh: 0.66 MTPA (newest addition)
  • Investment by Top Cement Producers in Sector (contextual)

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Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

Guidance-ranked
1Grasim Inds
Rev 1Mar 3
2J K Cements
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 3Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is NCL Industries raising money or cutting debt?

The consolidated balance sheet (Page 35) shows slight changes in borrowings:

Locked: what NCL Industries Ltd said on fundraising

Also locked on this page: margins, order book

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How big is NCL Industries' order book?

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NCL Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

NCL Industries Ltd Q2 FY27 results — key figures

NCL Industries Ltd Q2 FY27 reported results vs year-ago quarter, ₹ crore
₹ CrQ2 FY27
Revenue386
Operating profit (EBITDA)37
Operating margin9.6%
Profit before tax27
Net profit (PAT)20
EPS (₹)4.41

Source: NCL Industries Ltd's results filing to NSE (consolidated), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹386 Cr, net profit ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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More Q2 FY27 results in Cement & Cement Products

All Q2 FY27 results | Cement & Cement Products rankings

What NCL Industries's management said in earlier quarters

Others in Cement & Cement Products this season

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    1,064 lakhs, up 9.5% YoY . Key results statement takeaways from Barak Valley Cements Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

  • Grasim Inds (Q2 FY27)

    Consolidated Revenue from Operations (Q2FY27):** ₹50,105 Cr., up 26% YoY (Page 37) . Key investor presentation takeaways from Grasim Industries Ltd's Q2 FY27 in

  • Anjani Portland Cement Ltd (Q2 FY27)

    11,153 lakhs in the quarter ended 30th September 2025, indicating approximately 7.1% year-on-year growth. Key results statement takeaways from Anjani Portland C

  • Kesoram Industries (Q2 FY27)

    Consolidated revenue from operations for the quarter ended September 30, 2026: ₹8,448.75 lakhs . Key results statement takeaways from Kesoram Industries Ltd's Q

🔎 Who's planning the most growth?

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Frequently Asked Questions

What were NCL Industries Ltd Q2 FY27 results?

Q2-FY27 revenue from operations: INR 3,859 Mn, up 12.0% YoY from INR 3,445 Mn in Q2-FY26 (Page 32). Quarterly (Q2-FY27) Financials:.

What is NCL Industries Ltd share price analysis?

NCL Industries Ltd currently shows a neutral. The stock trades at a P/E of 6.3 with a market cap of ₹780 Cr. Investors should review the full earnings analysis for detailed insights.

Is NCL Industries Ltd planning capital expenditure?

130 MW Solar + Wind Hybrid Project at Tuticorin, Tamil Nadu.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.