NCL Industries Q1FY27: Cement Production Up 9%, Boards Output Falls 33%
NCL Industries reported mixed Q1FY27 results with cement production up 9% to 692,914 MT and dispatches rising 8% to 680,547 MT year-on-year. Cement boards production declined sharply by 33% to 11,639 MT, though dispatches rose 18% to 13,123 MT. RMC production and sales fell 26% to 55,002 CuM, and hydro power energy generation remained at 0 MU.

*this image is generated using AI for illustrative purposes only.
NCL Industries reported its production and dispatch figures for the quarter ended June 30, 2026, showing mixed performance across its product segments. The company disclosed these details in a regulatory filing submitted to the exchanges, signed by M. Divya Bharathi, Company Secretary & Compliance Officer.
Cement Segment Shows Steady Growth
Cement production increased 9% to 692,914 MT compared to 634,256 MT in the corresponding period of the previous year. Cement dispatches also grew, rising 8% to 680,547 MT from 628,384 MT in the quarter ended June 30, 2025, reflecting sustained demand momentum in the core segment.
Cement Boards and RMC Segment Under Pressure
The cement boards segment saw production decline by 33% to 11,639 MT from 17,432 MT year-on-year. However, dispatches for this segment improved significantly, rising 18% to 13,123 MT compared to 11,159 MT in the prior year period, suggesting inventory drawdown. Production and sales for Ready Mix Concrete (RMC) decreased 26% to 55,002 CuM from 73,991 CuM in the same quarter last year. Energy generation from hydro power remained at 0 MU for both periods.
Q1FY27 Production and Dispatch Summary
The following table details the production and dispatch figures for the quarter ended June 30, 2026:
| Product: | Quarter Ended 30/06/2026 | Quarter Ended 30/06/2025 | Growth (%) |
|---|---|---|---|
| Cement Production (MT): | 692,914 | 634,256 | +9% |
| Cement Dispatches (MT): | 680,547 | 628,384 | +8% |
| Cement Boards Production (MT): | 11,639 | 17,432 | -33% |
| Cement Boards Dispatches (MT): | 13,123 | 11,159 | +18% |
| RMC Production & Sales (CuM): | 55,002 | 73,991 | -26% |
| Energy (Hydro Power) (MU): | - | - | 0% |
Historical Stock Returns for NCL Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | -2.56% | +0.98% | -7.55% | -16.29% | -18.29% |
Will the inventory drawdown in the cement boards segment be sufficient to meet future demand, or will production cuts continue?
What factors are driving the sustained demand momentum in the core cement segment despite declines in other product lines?
How will the significant decline in RMC production and sales impact the company's overall revenue and profitability in the coming quarters?































