NCL Industries Limited strategy deck summary

Strategy deck of 26 Aug 2026, summarised by AI from the filing.

NCL Industries reported Q1-FY27 revenue of ₹3,437 cr and EBITDA margin of 11.52%, and plans a 130 MW solar and wind project with capex of INR 910-920 crore by FY28.

Key takeaways

1. Q1-FY27 revenue Revenue from operations ₹3,437 cr in Q1-FY27 (FY26: ₹14,221 cr).
2. Renewable expansion 130 MW solar and wind project in Tamil Nadu with total capex of INR 910-920 crore, to be implemented in phases by FY28.
3. EBITDA margin EBITDA margin 11.52% in Q1-FY27 (FY26: 13.36%).
4. Cement capacity Cement business operates 3 manufacturing plants with 4 MTPA combined capacity.
5. Margin risk EBITDA margins declined to 11.52% in Q1-FY27 from 13.36% in FY26.

Original filing on BSE

NCL Industries Limited Q1 FY27 results

As filed: Revenue ₹344 cr (+2% year on year), EBITDA ₹39.6 cr (−21% year on year), PAT ₹17.4 cr (−13% year on year), EBITDA margin 11.5% (−327 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹400 cr (+4% year on year), EBITDA ₹51.0 cr (+155% year on year), PAT ₹42.0 cr (+300% year on year), EBITDA margin 12.8% (+755 bps). Score 71 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 755 bps year on year. Other income 28% of PBT. Tax rate -54%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +5.1% in 27 days (Nifty 500: +2.0%).
• Q3 FY26: Revenue ₹343 cr (+1% year on year), EBITDA ₹36.2 cr (+90% year on year), PAT ₹13.2 cr (+300% year on year), EBITDA margin 10.5% (+497 bps). Score 62 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 497 bps year on year. Other income 33% of PBT. Tax rate 43%. Profit fell 34% from last quarter. Share price after the results: −10.7% in 28 days (Nifty 500: −8.2%).
• Q2 FY26: Revenue ₹345 cr (+5% year on year), EBITDA ₹48.0 cr (+41% year on year), PAT ₹20.0 cr (+129% year on year), EBITDA margin 13.9% (+361 bps). Score 64 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA and profit before exceptional items growth were well above it. EBITDA margin rose 361 bps year on year. Other income 28% of PBT. Share price after the results: −3.8% in 28 days (Nifty 500: −0.5%).
• Q1 FY26: Revenue ₹338 cr (−5% year on year), EBITDA ₹50.0 cr (+39% year on year), PAT ₹20.0 cr (+54% year on year), EBITDA margin 14.8% (+465 bps). Score 60 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 465 bps year on year. Tax rate 44%. Revenue fell 12% from last quarter. Share price after the results: +2.4% in 30 days (Nifty 500: +2.8%).
• Q4 FY25: Revenue ₹383 cr (−23% year on year), EBITDA ₹20.0 cr (−57% year on year), PAT ₹7.0 cr (−71% year on year), EBITDA margin 5.2% (−427 bps). Score 19 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 427 bps year on year. Other income 100% of PBT. Share price after the results: +7.4% in 28 days (Nifty 500: +3.3%).
• Q3 FY25: Revenue ₹341 cr (−32% year on year), EBITDA ₹19.0 cr (−67% year on year), PAT ₹3.0 cr (−88% year on year), EBITDA margin 5.6% (−572 bps). Score 5 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin fell 572 bps year on year. Other income 100% of PBT. Tax rate 40%.
• Q2 FY25: Revenue ₹330 cr (−23% year on year), EBITDA ₹34.0 cr (−15% year on year), PAT ₹3.0 cr (−26% year on year), EBITDA margin 10.3% (+102 bps). Score 6 of 100, Below trend. EBITDA margin rose 102 bps year on year. Other income 43% of PBT. Tax rate 71%. Not enough history for a trend yet: scored on growth alone. Revenue fell 7% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

NCL Industries Limited earnings call, investor presentation and press release summaries

• Other events: Strategy deck (26 Aug 2026)