Latest news with #JayakumarKrishnaswamy
Time of India
18-07-2025
- Business
- Time of India
Nuvoco Vistas posts ₹133.16 crore profit in Q1 FY26
NEW DELHI: Nuvoco Vistas Corp, the building materials division of the Nirma Group , on Thursday reported a multi-fold increase in its profit to Rs 133.16 crore in the quarter ended in June 2025. 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.
Business Standard
18-07-2025
- Business
- Business Standard
Nuvoco Vistas Corp rallies on stellar Q1 results, PAT surges to Rs 133 crore
Nuvoco Vistas Corporation rose 2.90% to Rs 393.75 after the company posted strong Q1 FY26 results. On a consolidated basis, net profit surged 4,589% year-on-year to Rs 133.16 crore in Q1 FY26. Revenue from operations grew 8.96% YoY to Rs 2,872.70 crore during the quarter. Profit before tax zoomed 3861% YoY to Rs 201.60 crore, while EBITDA increased 53.16% YoY to Rs 533 crore, the company's highest-ever for a first quarter. In Q1 FY26, revenue from the cement segment rose 9.43% YoY to Rs 2,630.35 crore, while revenue from ready-mix concrete and others declined 0.64% YoY to Rs 254.45 crore. Cement sales volume stood at 5.1 million metric tonnes (MMT) in Q1 FY26. The company stated that its on track to achieve approximately 31 MMTPA cement capacity by Q3 FY27 post successful acquisition of Vadraj Cement (VCL), retaining its fifth-largest cement group position in India for the long term. While the company remains a leading player in East India, this acquisition aligns seamlessly with Nuvocos strategy of expanding its presence in the Western and Northern regions. It brings complementary capabilities to enhance geographic reach and create long-term value for stakeholders. Furthermore, the company remained committed to its deleveraging agenda, reducing like-for-like net debt by Rs 884 crore YoY to Rs 3,474 crore. Premium products continue to be a strategic priority for the company, with their share of trade volume rising to 41% in Q1 FY26. The company also achieved a robust trade mix of 76%the highest in the last 13 quarters. The sustained momentum of the NuvocoConcreto and NuvocoDuraguard product portfolio reflects growing recognition as trusted solutions for superior construction needs. The companys commitment to sustainability is evident as it continues to lead the industry with the lowest carbon emissions, further reducing emissions to 453.8 kg CO₂ per ton2 of cementitious materials, down from 457 kg CO₂ per ton in FY24. Jayakumar Krishnaswamy, managing director of Nuvoco Vistas Corp, said, The company witnessed healthy volume growth during the quarter. It maintained a sharp focus on premiumization and trade mix, which contributed to enhanced realizations and led to the highest-ever first-quarter consolidated EBITDA in the companys history. Looking ahead, we remain committed to driving sustained growth and expanding our market presence. He further added, Following the successful acquisition of Vadraj Cement, the company is fully geared up to operationalize the plants at Kutch and Surat by Q3 FY27 and at the same time expand its market footprint in the Western region. Alongside this, the Company will continue to prioritize initiatives around premiumization, geo-optimization, and cost efficiency to further strengthen its competitive edge. Nuvoco Vistas Corporation (NVC) is one of the largest cement companies and concrete manufacturers in India, with a consolidated capacity of 25 MMTPA. It offers a diversified range of products such as cement, ready-mix concrete (RMX), and modern building materials, i.e., adhesives, wall putty, dry plaster, cover blocks, and more.
News18
17-07-2025
- Business
- News18
Nuvoco Vistas posts Rs 133.16 cr profit for Apr-Jun, revenue up 9 pc
New Delhi, Jul 17 (PTI) Nuvoco Vistas Corp, the building materials division of the Nirma Group, on Thursday reported a multi-fold increase in its profit to Rs 133.16 crore in the quarter ended in June 2025. 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.
Time of India
17-07-2025
- Business
- Time of India
Nuvoco Vistas Q1 profit surges to Rs 133 crore on higher sales, flat costs
Nuvoco Vistas Corp 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.
&w=3840&q=100)
Business Standard
17-07-2025
- Business
- Business Standard
Nuvoco Vistas Q1 profit surges to Rs 133 cr on trade, premium sales
Nirma Group-promoted cement firm Nuvoco Vistas Corp's net profit after tax (attributable to owners of the parent) for the first quarter of the financial year 2026 (Q1 FY26) grew multiple times year-on-year (YoY), even as the company's sales volume grew by 6 per cent. The profit growth was driven by higher premiumisation and trade sales, and by the low base of the year-ago quarter. The profit stood at Rs 133.16 crore, driven by a 41 per cent share of premium products in the company's trade sales. The company's consolidated sales volume for Q1 FY26 stood at 5.1 million metric tonnes (mmt). The profit in Q1 FY25 was Rs 2.84 crore, while the share of premium products was 40 per cent. Q1 FY25 was affected by the general elections. The company's revenue from operations during the quarter stood at Rs 2,872.7 crore, up 8.95 per cent YoY. Meanwhile, its total expenses grew by 1.89 per cent, to Rs 2,685.9 crore. Nuvoco's earnings before interest, taxes, depreciation and amortisation (Ebitda) in Q1 FY26 grew by 53 per cent YoY, to Rs 533 crore. The Ebitda growth was led by the focus on premiumisation and trade mix, which contributed to enhanced realisations in the quarter, the company stated. In Q1 FY26, the company's trade mix stood at 76 per cent, the highest in the last 13 quarters. The trade mix stood at 73 per cent in Q1 FY25. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, stated, 'The company witnessed healthy volume growth during the quarter. It maintained a sharp focus on premiumisation and trade mix, which contributed to enhanced realisations and led to the highest-ever first-quarter consolidated Ebitda in the company's history.' 'Looking ahead, we remain committed to drive sustained growth and expand 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 expanding its market footprint in the Western region. Alongside this, the company will continue to prioritise initiatives around premiumisation, geo-optimisation and cost efficiency to further strengthen its competitive edge,' he added. In Q1 FY26, the company's net debt on a like-to-like basis (excluding debt for acquisition of Vadraj Cement) reduced by Rs 884 crore YoY to Rs 3,474 crore. In June, the company completed the acquisition of Vadraj by paying consideration of Rs 1,800 crore. The company's cement capacity as of Q1 FY26 stood at 25 mmt per annum (mmtpa), while the clinker capacity stood at 13.5 mmtpa.
