Q3 2026 Nuvoco Vistas Corporation Ltd Earnings Call Transcript
Key Points
- Nuvoco Vista Corp Ltd (BOM:543334) reported a 7% year-on-year volume growth to 5 million tonnes, marking the highest Q3 volumes in the company's history.
- EBITDA for the quarter rose approximately 50% year-over-year to INR386 crores, showcasing strong execution capabilities.
- The company maintained a high share of premium products at 44% of trade volumes, reflecting successful premiumization efforts.
- Operational efficiency gains led to the lowest blended cost in the last 17 quarters at INR1.41 per Mcal, despite rising pet coke prices.
- The company successfully raised INR600 crores through CCD issuances to reduce overall debt levels, demonstrating prudent capital management.
- A significant portion of planned capital expenditure remains pending, with 45% of central CapEx and 61% of state CapEx yet to be executed.
- The company faces challenges from rising pet coke prices, which could impact future cost management.
- There is uncertainty regarding the sustainability of recent price hikes, as the market response is still being evaluated.
- The Vadraj cement plant's operationalization is scheduled in phases, which may delay immediate capacity benefits.
- The company's freight costs have shown volatility in the past, raising concerns about future cost stability.
Ladies and gentlemen, good day, and welcome to the Nuvoco Vistas Corporation Limited Q3 FY26 Earnings Conference Call. (Operator Instructions)
I now hand the conference over to Mr. Bishnu Sharma, Head of Investor Relations from Nuvoco. Thank you, and over to you.
Thank you, Gracy. Good evening, everyone, and warm welcome to Nuvoco's Q3 FY26 Earnings Call. The results along with the earnings presentation has been uploaded to the stock exchange website yesterday, and I hope you had a chance to review the key numbers.
Let me first share the key highlights for Q3 FY26, after which we will open the floor for questions. The quarter began on a challenging note, but as we progressed, we started to see encouraging signs of recovery in overall demand. This improvement was particularly visible in the latter part of the quarter as the impact of earlier macro headwinds begin to subside. Encouragingly, capital expenditure by both central and state government seems to have
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