Nuvoco Vistas Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹2,701Cr
- +12.1% YoY
- +9.9% QoQ
- Net profit
- ₹49Cr
- Turned profitable YoY
- +36.1% QoQ
- Margin
- 14%
- +3 pp YoY
- −1 pp QoQ
Guidance rank: #11 of 17 in Cement & Cement Products
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The short version
Targeting a volume CAGR of around 10% for the next two years and beyond. Nuvoco targets a volume CAGR of at least 10% over the next two years and beyond, driven by capacity expansions such as Vadraj, Jojobera, Panagarh, and Jajpur.
From Nuvoco Vistas's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Targeting a volume CAGR of around 10% for the next two years and beyond.
- Q4 FY’26 expected volume growth of 7-8%; December witnessed 20% volume growth.
- Expansion projects (Vadraj, East expansion including Jojobera, Jajpur, Panagarh, Surat) to boost capacity and sales.
- Vadraj plant commissioning phased from Q3 FY’27; East expansion and milling units coming online through FY’27 and FY’28.
- Gujarat market scaling up to 1 million tons sales in FY’26, aiming to reach 2 million in FY’27, 3 million in FY’28, and 4 million in FY’29.
- Plans for greenfield and brownfield expansions (Chittorgarh, Gulbarga) to start around FY’28 or FY’29.
2 more points from Nuvoco Vistas's call on revenue
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Profitability & Margins
Nuvoco targets a volume CAGR of at least 10% over the next two years and beyond, driven by capacity…
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Capital Expenditure Plans
- FY’26 CAPEX: ₹620–670 crores, including expenditure on Vadraj project (₹200 crores spent till Dec, additional ₹250–300 crores in next 2-3 months).
- FY’27 CAPEX: ₹1,000–1,100 crores, with major spend on Vadraj (around ₹800 crores expected).
- FY’28 CAPEX: ₹650–700 crores, including routine and project-related investments.
- Vadraj cement plant commissioning phased from Q3 FY’27 to strengthen western region presence.
- Medium-term growth plans include potential expansion at Chittorgarh and greenfield options at Gulbarga, with clarity expected by H2 FY’27.
2 more points from Nuvoco Vistas's call on capex
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Nuvoco is finalizing the second tranche of ₹600 crores CCD fundraising, expected to conclude soon after…
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Order Book & Pipeline
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Nuvoco Vistas — Quarterly revenue & net profit
Nuvoco Vistas Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 2,701 | 2,409 | +12.1% | 2,458 | +9.9% |
| Operating profit (EBITDA) | 384 | 258 | +48.8% | 367 | +4.6% |
| Operating margin | 14% | 11% | +3 pp | 15% | -1 pp |
| Profit before tax | 65 | -85 | — | 51 | +27.5% |
| Net profit (PAT) | 49 | -61 | — | 36 | +36.1% |
| EPS (₹) | 1.37 | -1.72 | — | 1.02 | +34.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.8K Cr, net profit ₹65 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Nuvoco Vistas's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Nuvoco Vistas Q3 FY26 results?
Targeting a volume CAGR of around 10% for the next two years and beyond. Nuvoco targets a volume CAGR of at least 10% over the next two years and beyond, driven by capacity expansions such as Vadraj, Jojobera, Panagarh, and Jajpur.
What is Nuvoco Vistas share price analysis?
Nuvoco Vistas currently shows a neutral. The stock trades at a P/E of 28.5 with a market cap of ₹11,842 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nuvoco Vistas planning capital expenditure?
FY’26 CAPEX: ₹620–670 crores, including expenditure on Vadraj project (₹200 crores spent till Dec, additional ₹250–300 crores in next 2-3 months).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.