Nuvoco Vistas Corporation Limited has announced its audited financial results for the financial year ended March 31, 2026, demonstrating strong operational performance across both consolidated and standalone metrics. The results were approved by the Board of Directors on April 14, 2026, and published in compliance with SEBI regulations.

Consolidated Financial Performance

The company's consolidated financial results for FY26 showcase robust growth across key performance indicators. The annual performance reflects strong operational efficiency and market positioning.

The company reported exceptional items of ₹48.13 crore for both the full year and fourth quarter of FY26. Total reserves stood at ₹9,871.61 crore as of March 31, 2026, compared to ₹8,645.16 crore in the previous year.

Standalone Financial Results

On a standalone basis, Nuvoco Vistas Corporation demonstrated solid performance with revenue growth and maintained profitability throughout the fiscal year.

The standalone results included exceptional items of ₹18.62 crore for FY26. The company maintained consistent operational performance with profit before exceptional items and tax of ₹410.24 crore for the full year.

Corporate Governance and Compliance

The financial results were prepared in accordance with Ind AS 34 'Interim Financial Reporting' and comply with the Companies Act, 2013, and SEBI regulations. The results underwent thorough review by the Audit Committee before Board approval on April 14, 2026.

Publication and Disclosure

In compliance with Regulations 47 and 52(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its audited financial results in:

• Financial Express (English Language) - April 16, 2026 edition
• Tarun Bharat (Marathi Language) - April 16, 2026 edition

The complete financial results are available on the company's website at www.nuvoco.com and on the BSE and NSE websites. The company maintains a paid-up equity share capital of ₹357.16 crore with a face value of ₹10 per share.

Nuvoco Vistas Corporation has received a positive assessment from Jefferies, with the brokerage maintaining its Buy rating and setting a target price of ₹410. The recommendation comes on the back of strong operational performance and strategic pricing initiatives by the cement manufacturer.

Strong March Quarter Performance

The company delivered impressive results in the March quarter, with EBITDA registering a 7% year-on-year growth. This performance beat expectations and was primarily driven by better price realizations in the market.

Strategic Price Adjustments

To address rising input costs, Nuvoco Vistas has implemented price hikes ranging from ₹8-15 per bag in April. These increases are specifically aimed at offsetting the impact of escalating costs across multiple input categories.

Near-term Outlook and Mitigation Strategies

Jefferies anticipates some margin pressure in the near term, particularly during the first two quarters of FY27. However, the brokerage believes the company is well-positioned to address these challenges through multiple strategic approaches:

• Fuel optimization initiatives to reduce operational costs
• Potential for additional price hikes if market conditions warrant
• Focus on operational efficiency improvements

The combination of strong operational performance, proactive cost management, and strategic flexibility supports Jefferies' positive outlook on the stock, reinforcing their Buy recommendation with the ₹410 target price.