Nuvoco Vistas Corporation Ltd has been assigned an ESG Rating of Crisil ESG 57 by Crisil ESG Ratings & Analytics Limited for the financial year ended March 31, 2025. The rating provides an assessment of the company's environmental, social, and governance performance based on the evaluation framework provided by the agency.

The information was received from Crisil via email dated July 21, 2026, at 4:52 p.m. The disclosure was submitted to the exchanges in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references a specific SEBI circular dated July 11, 2023, and updated as on January 30, 2026.

Rating Details

The following table summarizes the key details of the ESG rating assignment:

The company has made the detailed rating report available on its official website. The filing was signed by Shruta Jatin Sanghavi, Senior Vice President and Company Secretary of Nuvoco Vistas Corporation Ltd.

Nuvoco Vistas Corporation reported a consolidated net profit of ₹160 crore for the quarter ended June 30, 2026, an increase of 20% compared to ₹133.16 crore in the same period last year. Revenue from operations grew 8.9% year-on-year to ₹3,128.71 crore from ₹2,872.70 crore. The company achieved its highest ever EBITDA for a first quarter at ₹572 crore, driven by operational performance and cost discipline. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 13, 2026. The statutory auditors, M S K A & Associates LLP, carried out a limited review of the results. The company published these results in the Financial Express and Tarun Bharat on July 15, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The company's total income for the quarter stood at ₹3,132.32 crore. Total expenses increased to ₹2,856.30 crore from ₹2,685.90 crore in the corresponding quarter of the previous year. Profit before tax for the quarter was ₹276.02 crore, compared to ₹201.60 crore in Q1 FY26. Basic and diluted earnings per share for the quarter were reported at ₹4.47. The following table summarises the key consolidated financial metrics:

Operational Highlights

Nuvoco Vistas Corporation achieved a consolidated volume of 5.3 MMT, registering a growth of 5% YoY. The company inaugurated 2 MMTPA of grinding capacity at Limla Cement Plant, Surat on July 11, 2026, strengthening its footprint in Western India. Progress on project operations at Kutch remains on track for operationalisation in phases starting from Q3 FY27. Work has also commenced on a bulk cement terminal at Viramgam, Sachana, Gujarat, targeted for operationalisation by Q2 FY28.

Segment Results

The Cement segment revenue for the quarter stood at ₹2,861.84 crore, while the Ready Mix Concrete and Others segment reported revenue of ₹279.70 crore. The Cement segment recorded a profit of ₹347.37 crore, whereas the Ready Mix Concrete and Others segment posted a loss of ₹4.68 crore. Total assets as of June 30, 2026, were ₹20,922.28 crore, and total liabilities were ₹10,535.53 crore.

Standalone Results

On a standalone basis, the company reported a net profit of ₹98.38 crore for Q1 FY27, up 7.9% from ₹91.20 crore in the year-ago period. Revenue from operations increased to ₹2,692.38 crore from ₹2,404.21 crore. Standalone basic and diluted earnings per share were ₹2.75 for the quarter.

Management Commentary and Outlook

During the earnings call held on July 14, 2026, management highlighted that the strong performance was achieved despite macro headwinds such as geopolitical tensions and logistical constraints. Fuel cost was contained at ₹1.52 per million calories through fuel mix optimization. The company reported a net debt of ₹4,595 crore as of June 30, 2026, a reduction of approximately ₹600 crore from the previous year.

Management stated that realization increased by approximately ₹320 per ton in Q1 FY27 compared to Q4 FY26, driven by price increases, geo-mix optimization, and premiumization. This was partially offset by cost inflation of around ₹230 per ton, attributed to higher power and fuel costs, raw materials, packing bags, and distribution expenses. Looking ahead, the company expects packaging costs to cool down by ₹20-25 per ton in Q2 FY27, while power and fuel costs may rise by ₹30-40 per ton due to plant shutdowns. The company maintains a positive outlook on cement demand, targeting market growth of 7%-8% for FY27.