Nuvoco Vistas Q1 profit surges to Rs 133 crore on higher sales, flat costs
saw a multi-fold jump in its consolidated profit for the June quarter helped by a near 9% increase in revenue from operations, while expenses remained largely unchanged.
The east India-based cement producer's bottomline surged to Rs 133.16 crore as compared to 2.84 crore a year ago. Consolidated revenue from operations stood at Rs 2,872.70 crore for the quarter, up from Rs 2,636.48 crore a year ago.
Explore courses from Top Institutes in
Select a Course Category
Artificial Intelligence
PGDM
Project Management
Product Management
Data Analytics
Leadership
healthcare
Data Science
Finance
Others
Data Science
Management
CXO
others
MCA
Degree
Public Policy
Design Thinking
Digital Marketing
Cybersecurity
Technology
Operations Management
Healthcare
MBA
Skills you'll gain:
Duration:
7 Months
S P Jain Institute of Management and Research
CERT-SPJIMR Exec Cert Prog in AI for Biz India
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas Prices In Dubai Might Be More Affordable Than You Think
Villas In Dubai | Search Ads
Get Quote
Undo
Total expenses for the period stood at Rs 2,685.90 crore as compared to Rs 2,635.91 crore in the year-ago period. The company sold 5.1 million tonne of cement during the quarter, while its earnings before interest, tax, depreciation and amortization was the highest ever for the first quarter at Rs 533 crore.
'The company witnessed healthy volume growth during the quarter,' managing director Jayakumar Krishnaswamy said. 'It maintained a sharp focus on premiumisation and trade mix, which contributed to enhanced realizations and led to the highest-ever first-quarter consolidated EBITDA in the Company's history.'
Consolidated operating margins for the quarter improved by 510 basis points to 18.35% from a year ago.
Live Events
The company recently acquired Vadraj Cement, and said that the plants at Kutch and Surat will be operationalized by the third quarter of 2026 – 27 (Apr-Mar).
On a like-to-like basis, the company has reduced its debt to Rs 3,474 crore at the end of the June quarter from Rs 4,358 crore a year ago. This excludes the debt the company will be taking for the acquisition of Vadraj.
The buyout of Vadraj will be funded with long-term debt limited to Rs 600 crore, and the remaining through short-term bridge financing of Rs 1,200 crore, the company said in its investor presentation.
Nuvoco Vistas Corp is currently the fifth-largest producer of cement in the country with a capacity of 25 million tonne. This will increase to 31 million once the plants from the buyout of Vadraj are operationalised in fiscal 2027.
The company reported its earnings after market hours on Thursday, and its shares closed at Rs 382.65 rupees on the BSE, up 1.7% from the previous close.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
19 minutes ago
- Indian Express
SEBI allows Jane Street to resume trading in Indian market
Eighteen days after barring Jane Street from India's capital markets over alleged manipulative trading in Nifty futures, the Securities and Exchange Board of India (SEBI) has permitted the New York-based proprietary trading firm to resume operations, according to market sources. However, the US firm will stay away from trading in both the options and cash markets until it resolves several issues with the regulator, according to a Reuters report citing sources. The development follows Jane Street's request to SEBI to lift certain restrictions imposed in its interim order dated July 3. In response, the firm deposited Rs 4,843.57 crore — the amount SEBI alleged it had unlawfully gained — into an escrow account with a lien in favour of the regulator. After reviewing the matter in line with its earlier directions, SEBI allowed the firm to re-enter the market, though legal proceedings are ongoing. Jane Street clarified that the deposit was made without prejudice to its legal rights and remedies, which it intends to pursue. In the July 3 order, SEBI accused Jane Street of manipulating Nifty futures and ordered it to cease all trading in Indian securities markets until the alleged profits were recovered. The interim action had an immediate impact — on July 11, the first weekly expiry after the ban, NSE's equity derivatives turnover dropped nearly 21% compared to the July 3 session. Legal experts say SEBI was within its rights to ease restrictions once Jane Street complied with the monetary directive. 'The July 3 order was interim. Now that Jane Street has deposited the amount, SEBI can consider modifications,' one expert noted. Jane Street, a major player in India's derivatives space, had strongly rejected SEBI's allegations. In internal communications, the firm called the regulator's claims 'extremely inflammatory' and said it was deeply disappointed. The firm denied orchestrating any 'intentional, well-planned and sinister scheme,' and insisted that its trading on January 17, 2024 — a key date in SEBI's probe — was standard arbitrage activity, a common and legitimate strategy. Jane Street also disputed SEBI's use of certain metrics to assess market manipulation and said it did not ignore the National Stock Exchange's (NSE) concerns. On the contrary, it claimed to have voluntarily paused trading to address feedback and later revised its strategies accordingly. 'We believed we had reached a shared understanding with NSE and reflected that in our trading adjustments,' the firm stated in an internal memo. 'Since February, we've made repeated efforts to engage with SEBI but have been consistently turned away.'
Mint
19 minutes ago
- Mint
GNG Electronics IPO: From key dates to Financials, here are 10 Key things to know from the RHP
GNG Electronics IPO From key dates to financials, here are 10 key things to know from the RHP before investing. The GNG Electronics IPO will be up for subscriptions on July 23, 2025, and end on July 25, 2025. The allotment for GNG Electronics' IPO is expected to be finalized on Monday, July 28, 2025. GNG Electronics IPO will be listed on the BSE and NSE, with a tentative listing date of Wednesday, July 30, 2025. GNG Electronics IPO has a book building of ₹ 460.43 crore. The offering consists of a fresh issue of 1.69 crore shares totaling ₹ 400.00 crore and an offer to sell 0.26 crore shares totaling ₹ 60.44 crore. GNG Electronics IPO price band is set at ₹ 225 to ₹ 237 per share. The lot size for an application is 63. Considering the prize band and the lot size, the minimum investment for retail is ₹ 14,175 (63 shares). The lot size investment for small NII is 14 lots (882 shares), equating to ₹ 2,09,034, while for big NII, it is 67 lots (4,221 shares), totaling ₹ 10,00,377. GNG Electronics IPO will be listed on the BSE and NSE, with a tentative listing date of Wednesday, July 30, 2025. Motilal Oswal Investment Advisors Limited is the book-running lead manager for the GNG Electronics IPO, while Bigshare Services Pvt Ltd is the registrar. GNG Electronics Limited, founded in 2006, provides refurbishment services for laptops, desktops, and other ICT devices both globally and in India. The corporation has a strong presence in India, the United States, Europe, Africa, and the UAE. The company operates under the brand 'Electronics Bazaar,' including sourcing, refurbishment, sales, after-sales services, and warranty. The company plans to utilise the proceeds of the IPO for Prepayment and/or repayment, in full or in part, of certain outstanding borrowings availed by the Company and its Material Subsidiary, Electronics Bazaar FZC GNG Electronics Ltd.'s revenue increased by 24%, and profit after tax (PAT) increased by 32% during the fiscal years ended March 31, 2025, and March 31, 2024. As of Fiscal 2025, Fiscal 2024, and Fiscal 2023, GNG derived 75.59%, 67.87%, and 79.97%, respectively, of its operational revenue from only sales of laptops, and therefore its continued success is necessary for our business and prospects. Any decline in the demand for such a product may have an adverse impact on its business, revenue, and profitability. Increases in the prices of parts and materials essential for our operations may negatively impact our business and financial performance. Furthermore, our ability to procure these parts and materials may be affected by price fluctuations in the future. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
21 minutes ago
- India.com
Meet Yamini Rangan, once used to serve food, had no money to pay rent, now CEO of Rs 214669560000 company, her net worth is Rs…, company is…
Yamini was born in Coimbatore, Tamil Nadu did her Bachelor's in Computer Engineering from Bharathiar University. At the age of 21, she decided to move to the United States with big dreams, but very little money. Yamini Rangan Journey In US Upon arriving in the US, Yamini had no job and just $150 in hand. She faced cultural shocks and financial pressure. Most of her early income went on rent, didn't have much money to survive. She worked as a food server in a football stadium in Atlanta without taking any money from her parents. She earned an MBA from the Haas School of Business, University of California, Berkeley. This education helped her later in her career. Yamini Rangan Career Yamini started working with leading global tech firms like Lucent Technologies, SAP, Workday, and Dropbox. She developed her niche in customer success, product strategy, and digital transformation along with technical expertise. Yamini As CEO Of HubSpot Yamini joined HubSpot in 2020 as Chief Customer Officer. Within a year, she was promoted to CEO of a rare feat in the corporate world. A software firm valued at $25.66 billion (Rs 2.14 lakh crore). Taking over during the COVID-19 pandemic, she developed the company's as a customer-first approach with an inclusive workplace culture, and introduced innovative product strategies. Yamini Rangan's Net Worth According to QuiverQuant, Yamini Rangan's net worth is around Rs 484 crore. She's now regarded as one of the highest-paid Indian-origin women CEOs in the U.S. and regularly features in global power and leadership lists.
