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.
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.
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.
