Nuvoco Vistas Corporation earnings calls.

Nuvoco delivered a resilient Q1 FY27 with 5% volume growth to 5.3 million tons and 7% AITA increase to 572Current 572. Reported change: +7% YoY., marking the highest-ever Q1 performance despite geopolitical headwinds affecting energy and raw material costs. The company navigated fuel cost inflation through coal-petcoke mix optimization, containing fuel cost at 1.52 per million cal within guided range. The 2 million ton Surat grinding unit was commissioned ahead of schedule in July 2026, representing the company's first western region capacity expansion. Rail logistics constraints and railway prioritization for power sector during summer impacted clinker movement, though this normalized post-mid-July. Net debt reduced by ~600 crore YoY to 4,595 crCurrent 4,595 Cr. Reported change: -600 Cr YoY.ore. Looking ahead, management expects stable pricing given disciplined industry capacity additions and continued government capex support (13% YoY growth in Q1). Petcoke share reduced from 50%+ to 42%Current 42%. Reported change: -200bps vs Q4. through coal substitution. Key risks include persistent cost inflation in power/fuel, rail availability dependency, and Bengal's political transition impacting demand. Capex guidance maintained at 900 crore for FY27 with 370 crore already spent.