Latest news with #NuvocoVistasCorp
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.
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.
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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.
Economic Times
16-07-2025
- Business
- Economic Times
Cement sector set for 30–80% profit surge
IANS Cement sector set for 30–80% profit surge Mumbai : Cement producers are expected to report 30-80% rise in profits for the June quarter, helped by an improvement in both prices and volumes. Notably, companies having greater exposure to East and South India will see a sharper improvement in profits given the comparatively steeper price hikes in these regions, analysts of the key building raw material rose 3% in the three months ended June—the first year-on-year increase in six quarters. On a sequential basis, prices gained for the third consecutive Rs 377 per bag, average cement prices for the June quarter is also the highest since the December quarter of 2023. Analysts noted that certain planned price hikes had to be rolled back due to the early onset of monsoon rains this year. 'Pricing remains a key monitorable going ahead as the indust ry steps into the seasonally weak monsoon quarter,' said Nuvama Institutional monsoons also restricted overall volume growth for the industry to 4-5% onyear in the June quarter. Analysts had predicted enhanced cement take-off, considering sluggish demand in the year-earlier quarter due to the general election. Nuvoco Vistas Corp, a dominant cement producer in east India, is expected to score the sharpest profit increase. In addition to single-digit growth in volumes to around 5 million tonnes, Nuvoco's earnings before interest, tax, depreciation and amortisation (Ebitda) per tonne is seen rising by a third, according to analysts. Shree Cement, India's third-largest by capacity, is expected to report a 50-80% surge in quarterly net profit, while market leader UltraTech Cement could see profits growing at 35-55%. Adani Cement's profit is likely to grow 2535% on-year, analysts of most cement companies will grow on a year-on-year basis buoyed by higher prices but decline sequentially due to comparatively lower sales in the June quarter. While the March quarter is typically the strongest for cement demand, the early onset of monsoon rains this year also weighed on consumption this will likely post Ebitda of Rs 1,165 per tonne of cement sold, said analysts at Elara Securities, noting that this is close to a four-year high for the industry.'With the onset of the lean season and the benefits of a benign cost environment largely behind us, we believe industry margin is set to peak in the near term in Q1FY26,' the analysts believe that with most positives for the industry priced in, companies are unlikely to see any aggressive upgrades. They, though, expect consolidation in the industry to continue, with smaller capacities being lapped up by the larger rivals.
