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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.
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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.
Time of India
29-06-2025
- Business
- Time of India
Nuvoco gets 952cr Vadraj assets after ED issues NOC
Mumbai: The special court allowed the restitution of attached properties valued at Rs 952 crore of Vadraj Cement (ABG Cement) to a company that acquired it through a resolution plan approved by the National Company Law Tribunal, after the Enforcement Directorate issued a No Objection Certificate (NOC). The ABG group obtained a loan from Infrastructure Leasing & Financial Services Ltd (IL&FS), which IL&FS later declared non-performing. Consequently, in the IL&FS money laundering case in 2020, the ED provisionally attached the Surat plant of Vadraj Cement. Subsequently, Nuvoco Vistas Corporation, a subsidiary of the Nirma Group, purchased the cement firm through the NCLT resolution plan. Nuvoco then approached the court to request the restoration of the cement plant. The ED stated that the ABG group had obtained Rs 952 crore in financial assistance from IL&FS, which was subsequently declared non-performing. The ED attached the immovable properties of Vadraj Cement, including its Surat Cement Plant, and the adjudicating authority confirmed the attachment in 2021. The ED filed a chargesheet with the court related to the issue. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Vadraj Cement had also obtained loans from Punjab National Bank (Rs 2,122 crore), Union Bank (Rs 1,620 crore), Indian Overseas Bank (Rs 1,419 crore), Central Bank of India (Rs 1,391 crore), and JC Flower ARC (Rs 677 crore). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Profit Trick - Read More vividtrendlab Click Here Undo A proceeding was initiated against the company under the Insolvency and Bankruptcy Code before the NCLT. Nuvoco Vistas Corporation Ltd., a subsidiary of the Nirma Group, purchased the cement company through a resolution plan in which it agreed to pay Rs 1,706 crore to the financial creditors in lieu of acquiring Vadraj Cement Ltd, the ED said in a press release issued on Saturday. Nuvoco Vistas Corporation filed an application before the special court, which allowed the restoration of the assets after the ED's NOC. It is alleged that the former top management of IL&FS Group gave dubious loans to many companies who defaulted the payment, causing losses to the group.
Hans India
28-06-2025
- Business
- Hans India
Court orders restoration of assets worth Rs 952 crore in IL&FS case
Mumbai: In a major development in the IL&FS money laundering case, the Special Court under the Prevention of Money Laundering Act (PMLA) in Mumbai has ordered the restoration of immovable assets worth Rs 952 crore to Nuvoco Vistas Corporation Ltd. The order, dated June 25, follows a no-objection submission by the Enforcement Directorate (ED), allowing the company to proceed with the implementation of its resolution plan for Vadraj Cement Ltd, the ED said in a statement on Saturday. The ED had earlier attached Vadraj Cement's Surat-based plant in January 2020, after investigations revealed that the company, formerly ABG Cement Ltd, had fraudulently obtained loans worth Rs 952 crore from IL&FS Financial Services Ltd. These loans were later classified as non-performing assets. The attachment was confirmed by the Adjudicating Authority in August 2021, and a prosecution complaint was filed seeking confiscation. Nuvoco Vistas, a subsidiary of the Nirma Group, had emerged as the successful resolution applicant under the Insolvency and Bankruptcy Code. Its resolution plan, approved by the National Company Law Tribunal (NCLT) on April 1, 2025, involves a payment of Rs 1,706 crore to financial creditors in exchange for acquiring Vadraj Cement. The company subsequently filed an application before the Special Court seeking restoration of the attached property to facilitate the resolution plan's execution. Taking into account the objective of the PMLA to restore proceeds of crime to legitimate claimants, the ED submitted that it had no objection to the release of the attached assets, it said. The court, satisfied with the submission, directed the restoration of the property under Sections 8(7) and 8(8) of the PMLA, read with Rule 3A of the PML (Restoration of Property) Rules, 2016. The court also instructed Nuvoco Vistas to provide an undertaking to return or restore the property or its value if required in the future. The ED has been asked to prepare a detailed inventory before handing over possession, the statement said. This decision is seen as a significant step in enabling financial institutions to recover dues and in ensuring that productive assets are returned to legitimate stakeholders through lawful means.
