Latest news with #Nuvoco
Time of India
07-08-2025
- Business
- Time of India
India's last cement IPO did not work. Can JSW Cement break that curse?
When Nuvoco Vistas Corporation listed in August 2021, it came with the promise of scale and the pedigree of the Nirma Group. Yet, within 10 months, the stock had halved. Investors who bought at the IPO price are still nursing wounds with Nuvoco shares trades nearly 24% below its IPO price of INR570, nowhere close to its all-time high. That bruising debut cast a long shadow over the sector. No other cement company has dared to go public since –
Economic Times
18-07-2025
- Business
- Economic Times
Nuvoco Vistas shares rally 9% as Q1 profit jumps multi-fold to Rs 133 crore
Shares of Nuvoco Vistas jumped as much as 9.1% on Friday to Rs 417.35 on the BSE after the cement maker reported a multi-fold surge in quarterly profit driven by steady volumes, a richer product mix, and stable cost base. ADVERTISEMENT The East India-based cement producer's consolidated net profit for the April–June quarter rose sharply to Rs 133.16 crore from Rs 2.84 crore in the same period last year. Revenue from operations grew nearly 9% to Rs 2,872.70 crore, while total expenses for the quarter remained broadly flat at Rs 2,685.90 crore. The company, which is currently India's fifth-largest cement maker by capacity, sold 5.1 million tonnes of cement in the first quarter of FY26. EBITDA rose to a record Rs 533 crore for the quarter, marking the highest first-quarter operating earnings in its history. Operating margins improved by 510 basis points year-on-year to 18.35%, aided by higher sales of premium products and a favourable trade company is in the process of acquiring Vadraj Cement, and said the plants in Kutch and Surat will be operationalised by the third quarter of fiscal 2027. Once the acquisition is complete, Nuvoco's total cement capacity is expected to rise from 25 million tonnes to 31 million tonnes. ADVERTISEMENT The Vadraj buyout will be financed via a mix of long-term and short-term borrowings. According to the company's investor presentation, '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.'Excluding the acquisition-related borrowing, Nuvoco has reduced its net debt to Rs 3,474 crore as of the end of June 2025, down from Rs 4,358 crore a year earlier. ADVERTISEMENT Nuvoco Vistas reported its results after market hours on Thursday, July 17. Its shares closed that day at Rs 382.65 on the BSE, up 1.7%. Shares of the company have rallied 13% so far in 2025 and have risen 23% in the last three months, while the stock is up nearly 11% in the last one week. Also read | MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
18-07-2025
- Business
- Time of India
Nuvoco Vistas shares rally 9% as Q1 profit jumps multi-fold to Rs 133 crore
Shares of Nuvoco Vistas jumped as much as 9.1% on Friday to Rs 417.35 on the BSE after the cement maker reported a multi-fold surge in quarterly profit driven by steady volumes, a richer product mix, and stable cost base. The East India-based cement producer's consolidated net profit for the April–June quarter rose sharply to Rs 133.16 crore from Rs 2.84 crore in the same period last year. Revenue from operations grew nearly 9% to Rs 2,872.70 crore, while total expenses for the quarter remained broadly flat at Rs 2,685.90 crore. Explore courses from Top Institutes in Select a Course Category PGDM Product Management Data Analytics Management MBA Others Project Management Healthcare Data Science Digital Marketing Artificial Intelligence MCA Leadership Technology healthcare Design Thinking Degree Data Science Public Policy CXO Finance others Operations Management Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details The company, which is currently India's fifth-largest cement maker by capacity, sold 5.1 million tonnes of cement in the first quarter of FY26. EBITDA rose to a record Rs 533 crore for the quarter, marking the highest first-quarter operating earnings in its history. Operating margins improved by 510 basis points year-on-year to 18.35%, aided by higher sales of premium products and a favourable trade mix. Vadraj acquisition and debt update The company is in the process of acquiring Vadraj Cement, and said the plants in Kutch and Surat will be operationalised by the third quarter of fiscal 2027. Once the acquisition is complete, Nuvoco's total cement capacity is expected to rise from 25 million tonnes to 31 million tonnes. The Vadraj buyout will be financed via a mix of long-term and short-term borrowings. According to the company's investor presentation, '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.' Excluding the acquisition-related borrowing, Nuvoco has reduced its net debt to Rs 3,474 crore as of the end of June 2025, down from Rs 4,358 crore a year earlier. Stock performance Nuvoco Vistas reported its results after market hours on Thursday, July 17. Its shares closed that day at Rs 382.65 on the BSE, up 1.7%. Shares of the company have rallied 13% so far in 2025 and have risen 23% in the last three months, while the stock is up nearly 11% in the last one week. Also read | MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
18-07-2025
- Business
- Business Standard
Nuvoco Vistas Corporation soars 9%, hits over 2-year high post Q1 results
Nuvoco Vistas Corporation share price Shares of Nuvoco Vistas Corporation (Nuvoco) hit an over two-year high of ₹417.35, as they soared 9 per cent on the BSE in Friday's intra-day trade in an otherwise subdued market after the company reported its June 2025 quarter (Q1FY26) earnings. The stock price of the cement & cement products company quoted at its highest level since October 2022. It had hit a record high of ₹577.50 on September 6, 2021, data shows. At 09:23 AM; Nuvoco was trading 6 per cent higher at ₹404.05, as compared to 0.16 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped over 10-fold, with a combined 2.37 million shares changing hands on the NSE and BSE. Nuvoco Vistas - Q1 results Nuvoco achieved a consolidated cement sales volume of 5.1 MMT in Q1FY26. Consolidated revenue from operations grew 9 per cent year-on-year (YoY) to ₹2,873 crore in Q1FY26, due to sales volume growth of 6.3 per cent YoY and 2.6 per cent YoY improvement in realization. Sequentially, revenue decreased by 5.6 per cent, as volumes declined by 10.5 per cent quarter-on-quarter (QoQ) and realization improved by 5.5 per cent QoQ. Total cost/ton was down by 3.4 per cent YoY (+5.6 per cent QoQ) mainly on account of lower raw material, power & fuel costs, and positive operating leverage on YoY basis. EBITDA/ton increased by 42.1 per cent YoY (+5.1 per cent QoQ) to ₹1017/ton. The company reported its highest-ever first quarterly consolidated Earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹533 crore in Q1FY26. On profit after tax level, company reported profit of ₹ 133.2 crore as against net profit of ₹2.8 crore in Q1FY25 and net profit of ₹165.5 crore in Q4FY25 Premium products continue to be a strategic priority for the company, with their share of trade volume rising to 41 per cent in Q1FY26. The company said it achieved a robust trade mix of 76 per cent - the highest in the last 13 quarters. The sustained momentum of the Nuvoco Concreto and Nuvoco Duraguard product portfolio reflects growing recognition as trusted solutions for superior construction needs. Meanwhile, with 25 MMTPA of combined installed capacity, the company is on track to achieve approx. 31 MMTPA cement capacity by Q3FY27 post successful acquisition of Vadraj Cement Limited (VCL) retaining its fifth largest cement group position in India for long term. While the company remains a leading player in East India, this acquisition aligns seamlessly with Nuvoco's strategy of expanding its presence in the Western and Northern regions. Management commentary 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. Looking ahead, the management said the company remains committed to drive sustained growth and expand its market presence. About Nuvoco Vistas Nuvoco Vistas Corporation (Nuvoco) is a building materials company with a vision to build a safer, smarter, and sustainable world and among the leading players in East India with strong presence in North and West India. Nuvoco offers a diversified business portfolio in three business segments: Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM). Nuvoco's Cement product portfolio includes - Concreto, Duraguard, Double Bull, PSC, Nirmax and Infracem brands that offer a complete spectrum of Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC) and Portland Composite Cement (PCC).
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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.
