The company’s revenue was largely flat, rising 0.5% year-on-year to ₹343 crore from ₹341.4 crore. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) surged 88.2% to ₹36 crore from ₹19 crore, lifting margins to 10.5% from 5.6% a year earlier.
The board also declared an interim dividend of ₹1.50 per equity share of face value ₹10 each for FY26, with the total payout amounting to ₹6.8 crore.
Also Read: Inox Green Q3 profit jumps over six-fold on strong revenue growth
NCL Industries Ltd’s segment-wise performance showed that the Cement Division remained the largest contributor, reporting revenue of ₹374.48 crore for the quarter ended December 31, 2025, compared with ₹373.18 crore in the year-ago period.
The Boards Division reported revenue of ₹39.22 crore, down from ₹49.99 crore in the corresponding quarter last year. The Energy Division posted revenue of ₹3.49 crore, up from ₹3.09 crore year-on-year.
During the quarter, the company commissioned a 0.66 MTPA cement grinding facility at Thallapalem near Visakhapatnam, Andhra Pradesh, increasing its overall cement production capacity from 3.30 MTPA to 4.00 MTPA.
NCL Industries further said that, based on its assessment, no additional provision is required at this stage for the new labour codes. Any adjustments will be accounted for once the relevant state rules are notified.
Also Read: Biocon Biologics expects FY27 growth from new approvals, weight loss drug pipeline
Shares of NCL Industries Ltd closed at ₹189.05 on the NSE on Friday, down ₹2.22 or 1.16%.