NCL Industries LimitedQ1 FY27 Results & Financial Update
NCL Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹343.67 Cr, PAT ₹17.38 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
NCL Industries price & chart
Quarter overview
Quarterly earnings analysis
NCL Industries reported consolidated revenue from operations of INR 343.67 crore for the quarter ended June 30, 2026, marking a moderate increase compared to INR 335.32 crore recorded in the corresponding period of the previous year.
On a sequential basis, revenue from operations declined compared to the previous quarter ended March 31, 2026, reflecting seasonal demand patterns typically experienced in the construction and building materials sector during the monsoon onset.
Profit after tax (PAT) for the quarter stood at INR 17.38 crore, compared to INR 21.82 crore in the same quarter last year and INR 66.09 crore in the preceding quarter.
Profit before tax (PBT) for the current quarter was recorded at INR 23.52 crore, down from INR 38.16 crore year-on-year and INR 43.01 crore quarter-on-quarter.
Earnings per share (EPS) for the quarter stood at INR 3.84, compared to INR 4.82 in the corresponding quarter of the previous fiscal year and INR 14.61 in the immediate preceding quarter.
Total income for the quarter reached INR 347.80 crore, supported by other income of INR 0.41 crore, reflecting stable top-line performance despite cost and operational headwinds.
The statutory auditors have carried out a limited review of these unaudited consolidated and standalone financial results, issuing an unmodified opinion.
01 · Business model
What does NCL Industries do?
NCL Industries Limited is an established building materials manufacturer based in Secunderabad, Telangana, operating primarily through multiple divisions including Cement, Boards, Energy, and Ready Mix Concrete (RMC).
The company's flagship business is cement production, which accounts for the vast majority of its segment revenue under well-known brand names such as Nagarjuna Cement.
NCL Industries also manufactures cement-bonded particle boards under the Bison Panel brand name, catering to diverse construction and interior application needs.
Additional revenue is generated through ready mix concrete operations and small-scale power generation within its energy division, serving regional construction markets across Southern India.
02 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹343.67 Cr | ₹335.32 Cr | ₹399.63 Cr |
| Total income | ₹347.80 Cr | ₹339.69 Cr | ₹411.54 Cr |
| Profit before tax | ₹23.52 Cr | ₹38.16 Cr | ₹43.01 Cr |
| Profit after tax | ₹17.38 Cr | ₹21.82 Cr | ₹66.09 Cr |
| EPS | ₹3.84 | ₹4.82 | ₹14.61 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 5.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 6.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹4.13 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
The Cement Division remains the primary driver of top-line performance, registering segment revenue of INR 357.17 crore (gross before inter-segment eliminations and taxes) for the quarter ended June 30, 2026.
The Boards Division contributed segment revenue of INR 36.11 crore during the quarter, supporting overall diversification across building material product lines.
The Ready Mix Concrete (RMC) division generated segment revenue of INR 28.04 crore during the quarter ended June 30, 2026.
What drove margins
Cost of materials consumed for the quarter stood at INR 72.52 crore, reflecting key input requirements for manufacturing operations.
Power expenses were INR 30.87 crore and fuel expenses stood at INR 76.27 crore, forming a major component of operating costs for cement and board production.
Finance costs for the quarter were reported at INR 5.51 crore, while depreciation and amortisation expense amounted to INR 14.71 crore.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Cement division profit before interest and tax (PBIT) stood at INR 23.64 crore for the quarter ended June 30, 2026.
Boards division PBIT was reported at INR 3.92 crore for the quarter.
Energy division reported a PBIT loss of INR 0.94 crore for the quarter.
Ready Mix Concrete division generated a positive PBIT of INR 0.22 crore during the quarter.
05 · Reported developments
What changed operationally
The company scheduled its 45th Annual General Meeting for September 18, 2026, and fixed September 11, 2026, as the record date for determining member entitlement to a final dividend of 20% (INR 2.00 per equity share) for the financial year ended March 31, 2026.
06 · Beyond the numbers
What changed beyond the numbers
Subsidiary Financial Inclusion
The consolidated financial results include the interim financial results of two subsidiaries, namely Tern Distilleries Private Limited (wholly owned subsidiary) and Vishwamber Cements Limited.
07 · Key Q&A
The quarter, answered directly
What does NCL Industries do?
NCL Industries Limited is an established building materials manufacturer based in Secunderabad, Telangana, operating primarily through multiple divisions including Cement, Boards, Energy, and Ready Mix Concrete (RMC).
What is the clearest takeaway from Q1 FY27?
NCL Industries reported consolidated revenue from operations of INR 343.67 crore for the quarter ended June 30, 2026, marking a moderate increase compared to INR 335.32 crore recorded in the corresponding period of the previous year.
What drove revenue or demand?
The Cement Division remains the primary driver of top-line performance, registering segment revenue of INR 357.17 crore (gross before inter-segment eliminations and taxes) for the quarter ended June 30, 2026.
What mattered most for margins or profitability?
Cost of materials consumed for the quarter stood at INR 72.52 crore, reflecting key input requirements for manufacturing operations.
What changed operationally beyond the headline numbers?
The consolidated financial results include the interim financial results of two subsidiaries, namely Tern Distilleries Private Limited (wholly owned subsidiary) and Vishwamber Cements Limited.
What should the next disclosure help confirm?
Monitor the upcoming 45th Annual General Meeting on September 18, 2026, and the subsequent payment of the final dividend by October 17, 2026.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
AGM and Dividend Payment: Monitor the upcoming 45th Annual General Meeting on September 18, 2026, and the subsequent payment of the final dividend by October 17, 2026.
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