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Economic Times
5 days ago
- 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
5 days ago
- 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)
Time of India
6 days ago
- 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.
