Nuvoco Vistas Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Nuvoco Vistas reported strong full-year FY26 results with consolidated revenue from operations rising to ₹11,338.29 crore from ₹10,356.67 crore in FY25, a growth of about 9.5%. Profit after tax jumped sharply to ₹359.77 crore from ₹21.84 crore, while EPS rose to ₹10.07 from ₹0.61. Operating margin (excluding exceptional items) expanded to 16.67% from 13.49% a year ago, helped by lower finance costs (₹398.29 crore vs ₹496.41 crore). For Q4 FY26 alone, revenue grew to ₹3,306.75 crore from ₹3,042.25 crore, though PAT dipped to ₹140.81 crore from ₹165.54 crore. The company booked an exceptional charge of ₹48.13 crore related to additional provisions on West Bengal incentive scheme receivables amid ongoing litigation. Auditors MSKA & Associates issued an unmodified (clean) opinion on both standalone and consolidated results. The year also saw the Vadraj Cement acquisition completed and a ₹900 crore fundraise via compulsory convertible debentures by Vadraj.
Sharp PAT growth and margin expansion are positive for shareholders, reflecting improving operational efficiency and benefits from the Vadraj acquisition. However, higher debt from acquisitions, the exceptional charge from West Bengal incentive disputes, and ongoing CCI penalty litigation (₹490 crore) remain key watch points for the stock.