Nuvoco Vistas posts Rs 133.16 cr profit for Apr-Jun, revenue up 9 pc
The company had logged a net profit of Rs 2.84 crore in the April-June quarter a year ago, according to a regulatory filing from Nuvoco Vistas Corp.
Its revenue from operations was up 9 per cent to Rs 2,872.70 crore in the June quarter. It was at Rs 2,636.48 crore in the corresponding quarter a year ago.
Total expenses of Nuvoco Vistas Corp were up 1.9 per cent to Rs 2,685.9 crore in the June quarter of FY'26.
Its total income, which includes other income, was at Rs 2,887.50 crore, up 9.33 per cent in the June quarter.
The company achieved a consolidated cement sales volume of 5.1 MMT in Q1 FY26, said Nuvoco Vistas Corp in its earning statement.
Commenting on the results, its Managing Director Jayakumar Krishnaswamy said: 'The Company witnessed healthy volume growth during the quarter. 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." Nuvoco Vistas Corp, which has acquired Vadraj Cement, is on track to achieve approx 31 MMTPA cement capacity by Q3 FY27 from the present 25 MTPA.
Over the outlook, Krishnaswamy said: 'Looking ahead, we remain committed to driving sustained growth and expanding our market presence. Following the successful acquisition of Vadraj Cement, the Company is fully geared up to operationalise the plants at Kutch and Surat by Q3 FY27 and at the same time expand its market footprint in the Western region.
Shares of Nuvoco Vistas Corporation Ltd on Thursday settled at Rs 382.65 on BSE, up 1.69 per cent from the previous close. PTI KRH KRH MR
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
July 17, 2025, 22:15 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
22 minutes ago
- Mint
After targeting India, Donald Trump mulls tariffs on China over Russian oil purchases, no final decision yet
S President Donald Trump is considering imposing tariffs on China over its purchases of Russian oil, in a move similar to the one recently taken against India, according to Vice President JD Vance. Speaking to Fox News, Vance said no final decision has been made but confirmed that the idea is under discussion. Earlier this week, Trump announced tariffs on India, citing its continued imports of Russian oil. The discussions reflect growing concern within Trump's circle over Beijing's role in supporting Moscow's economy amid the ongoing war in Ukraine. The measure would aim to pressure China to reduce its energy trade with Russia. Vance emphasised that the idea remains under consideration and no formal policy has been set. China has significantly increased its imports of discounted Russian crude since the start of the Ukraine war in 2022, helping offset the impact of Western sanctions on Moscow. Washington has previously warned Beijing that such purchases undermine international efforts to isolate Russia economically. If enacted, new tariffs could mark an escalation in Trump's already tough trade stance toward China. The White House last week issued an Executive Order imposing an additional 25 percentage points in tariffs on all Indian goods, raising the total duty to 50%. The move, announced by Trump, targets India's continued imports of Russian oil, which the administration says undermine US foreign policy and national security interests. The new tariffs will take effect 21 days after the signing of the order, providing a brief window for India and Russia to potentially negotiate with Washington on the import taxes. White House Trade Adviser Peter Navarro said India faced the steep hike due to its 'refusal' to halt purchases of Russian crude — a trade the US claims is helping fund Moscow's war in Ukraine. Since 2022, Russia's share of India's total oil imports has surged from 1.7% to 35.1%, making it India's largest oil supplier. The shift has been driven by discounted Russian crude, often capped at $60 per barrel, which India says is critical for its energy security. President Trump announced last week that the US would not engage in new trade negotiations with India until the tariff dispute is resolved. The Executive Order also allows for further expansion or reduction of tariffs depending on a country's alignment with US national security and foreign policy objectives. The penalty on India follows the administration's earlier trade actions against other countries but contrasts with a softer approach toward China. While Beijing currently faces a 30% tariff, Treasury Secretary Scott Bessent has suggested its August 12 deadline could be extended if trade talks progress. If implemented as planned, the 50% tariffs mark one of the harshest trade measures taken by Washington against a major economic partner in recent years, potentially escalating tensions between two of the world's largest democracies.
&w=3840&q=100)
Business Standard
22 minutes ago
- Business Standard
Delhi's Holambi Kalan e-waste plant to double capacity after Norway study
Delhi's first E-Waste Eco Park in Holambi Kalan will now be twice as big and powerful, Environment and Industries Minister Manjinder Singh Sirsa said. Initially designed to process 51,000 metric tonnes of e-waste annually with an investment of Rs 150 crore, the Holambi Kalan plant will now be built to handle 1,10,000 MT per year, covering almost twice the area and with nearly double the capital expenditure, according to a government statement. The decision comes after Sirsa's August 4-5 inspection of the Revac facility in Norway's Revetal, regarded as one of Europe's most advanced and environmentally compliant e-waste plants, it said in the statement. Sirsa said the upgraded project will adopt a global zero-waste model, ensuring no air, water, or radiation pollution, with advanced scrubbers, in-house water purification, concretised flooring, and complete material recovery. "Our goal is integrated progress where clean industry fuels economic growth and safeguards the environment," he said. The Delhi government also plans to introduce robust third-party monitoring for compliance, inspired by Norway's non-profit inspection framework for Extended Producer Responsibility (EPR). The plant will recover aluminium, iron, and refuse-derived fuel without burning waste, promoting a true circular economy. To be developed under a public-private partnership model through the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), the park is expected to generate over Rs 500 crore in revenue.
Hans India
22 minutes ago
- Hans India
Robert Vadra dodged questions, put onus on deceased associates in money laundering probe: ED
Robert Vadra, businessman and husband of Congress MP Priyanka Gandhi Vadra, has been accused by the Enforcement Directorate (ED) of giving evasive and non-cooperative replies during questioning about a suspicious 2008 land deal in Gurugram's Shikohpur village. According to the ED's 332-page chargesheet, filed before a special Prevention of Money Laundering Act (PMLA) court in Delhi, Vadra repeatedly avoided direct answers and instead shifted full responsibility onto his three deceased associates, refusing to clarify his own role in the deal. His reluctance to cooperate significantly delayed the investigation and obstructed the agency's efforts to trace the flow of illicit funds. The federal agency alleges that Vadra used his political connections, including influence through former Haryana Chief Minister Bhupinder Singh Hooda, to pressurise the government officials into approving the land transaction, which involved alleged fraudulent practices and money laundering. The chargesheet reveals that Vadra's company, Skylight Hospitality Private Limited, acquired 3.5 acres of land for Rs 7.50 crore in a deal where no real payment was made. The cheque mentioned in the sale deed was never issued by Vadra, and its value was significantly below market rates. Despite these irregularities, the deal was pushed through by the Directorate of Town and Country Planning (DTCP), allegedly after backdated approvals and altered plans to qualify for commercial licensing. Throughout the investigation, Vadra's evasiveness complicated the probe. The ED claims his refusal to provide clear responses hindered uncovering the full scope of the alleged money laundering and fraud. The agency has identified Rs 58 crore as proceeds of crime and provisionally attached 43 immovable properties worth Rs 38.69 crore linked to the case. Vadra and seven companies tied to him stand accused alongside others. The special PMLA court has scheduled August 28 to consider the ED's complaint and issued notices to Vadra and co-accused.
