Nuvoco Vistas Corporation delivered exceptional third-quarter performance for FY26, achieving a remarkable turnaround from loss to profitability. The cement manufacturer reported a consolidated net profit of ₹49.10 crores in Q3 FY26, compared to a loss of ₹61.40 crores in the same period last year, demonstrating strong operational recovery and financial discipline.

Outstanding Q3 FY26 Financial Performance

The company achieved remarkable financial results during the quarter, with several metrics reaching new highs. The turnaround to profitability was supported by robust revenue expansion and exceptional EBITDA improvement.

The company achieved an all-time high third-quarter consolidated volume of 5.00 MMT, representing a 6.38% increase year-on-year. This volume growth translated into strong revenue performance, with total income reaching ₹2,701.00 crores, marking a 12% improvement compared to Q3 FY25.

Exceptional Profitability and Margin Expansion

EBITDA performance stood out as a key highlight, surging 48.84% year-on-year to ₹384.00 crores from ₹258.00 crores in Q3 FY25. The EBITDA margin expanded significantly to 14.22% in Q3 FY26 from 10.70% in the corresponding quarter last year, reflecting a substantial improvement of 352 basis points. This significant improvement was driven by operational excellence initiatives and effective cost management strategies.

The company maintained its industry-leading premiumization at 44% for consecutive quarters, demonstrating sustained customer preference for premium products.

Strategic Capacity Expansion Progress

Nuvoco Vistas Corporation continues advancing its strategic growth initiatives through the Vadraj acquisition and eastern region expansion. The Vadraj project remains on schedule with clear operational milestones established for the coming quarters.

Execution activities have commenced across all sections at Kutch and Surat facilities. Key equipment at both locations is undergoing comprehensive overhaul, while engineering, tendering, and ordering of goods and service packages have been completed for Surat projects and are advancing as scheduled for Kutch.

Market Position and Operational Excellence

The company sustained its strong market position through effective brand management and operational efficiency. Trade mix remained healthy at 71%, stable year-on-year, while nine-month FY26 premiumization reached 43%, representing a significant 300 basis points improvement from the FY25 baseline of 40%.

Nuvoco Vistas Corporation's integrated business approach continues delivering results across cement, ready-mix concrete, and modern building materials segments. The ready-mix concrete portfolio showed healthy volume traction, indicating rising customer adoption, while modern building materials witnessed robust year-on-year sales growth across construction chemicals, tile adhesives, block jointing mortar, and cover blocks.

Financial Discipline and Debt Management

The company maintained effective debt management aligned with its growth plans. Net debt stood at ₹4,217.00 crores, which includes ₹600.00 crores of long-term debt for the Vadraj acquisition. The company successfully refinanced ₹600.00 crores of short-term bridge loans through convertible cumulative debentures during Q3 FY26, demonstrating prudent financial management.

Nuvoco Vistas Corporation Limited has notified stock exchanges regarding a structural change in its statutory auditor firm. The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on January 15, 2026.

Auditor Firm Conversion Details

The company's statutory auditors, M S K A & Associates, Chartered Accountants, have converted their firm structure to a Limited Liability Partnership (LLP). The conversion was completed under the provisions of the Limited Liability Partnership Act, 2008, with the firm now operating as M S K A & Associates LLP, Chartered Accountants.

Registration Number Update

As a direct consequence of the conversion to LLP structure, the auditor firm's registration number has been modified. The firm registration number has changed from 105047W to 105047W/W101187, reflecting the new LLP status.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and The National Stock Exchange of India Limited about this development. The notification was signed by Shrutha Sanghavi, SVP and Company Secretary, ensuring proper corporate governance compliance.

This structural change in the auditor firm does not affect the auditing relationship between Nuvoco Vistas Corporation and M S K A & Associates, with the firm continuing its statutory audit responsibilities under the new LLP structure.