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Nuvoco Vistas shares rally 9% as Q1 profit jumps multi-fold to Rs 133 crore

Economic Times6 days ago
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 mix.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.
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)
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India's Gen Z billionaires are bored with business
India's Gen Z billionaires are bored with business

Time of India

time37 minutes ago

  • Time of India

India's Gen Z billionaires are bored with business

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Per capita income: Sikkim dethrones UT from Top 3
Per capita income: Sikkim dethrones UT from Top 3

Time of India

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  • Time of India

Per capita income: Sikkim dethrones UT from Top 3

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Dyeing units in Loni under lens for violations get clean chit from NGT
Dyeing units in Loni under lens for violations get clean chit from NGT

Time of India

time37 minutes ago

  • Time of India

Dyeing units in Loni under lens for violations get clean chit from NGT

Ghaziabad: The National Green Tribunal has disposed of a complaint filed by a resident against 19 dyeing units in Roop Nagar, Arya Nagar and Tronica City areas of the district for violating environmental norms. The UP Pollution Control Board (UPPCB) informed the tribunal about compliance and recovery of Rs 17 lakh from the common effluent treatment plant that was earlier found violating environmental norms, including improper functioning. The tribunal bench, comprising chairperson Justice Prakash Srivastava and expert member Dr A Senthil Vel, observed that the report dated July 17, 2025, filed by UPPCB reveals that an inspection on March 5 and 6, 2025, found that out of 19 units, 14 units were complying, 5 units were closed due to their own reasons, and the 6 MLD CETP at Tronica City, Loni was also found to be complying. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida The report further reveals that in the earlier inspection done in the year 2023, the operation of CETP was found to be unsatisfactory, and after issuing a show cause notice, environmental compensation of Rs 17 lakh was imposed, which has been recovered. The tribunal noted this, directing one of the respondents in the case, UPPCB, to carry out regular check-ups to ascertain that these industrial units and the CETP comply with the environmental norms and, in case of any violation, prompt action is taken. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo This came after an application was filed by resident Varun Gulati in 2023, wherein he raised the grievance against seven dyeing industries situated in Roop Nagar, four industries in Arya Nagar, and eight industries along with one CETP in Tronica City, Loni. The UPPCB, in its report filed before the tribunal, stated that the industries situated at Roop Nagar and Arya Nagar have installed their effluent treatment plants and discharge the waste into Indirapuri Drain to the Yamuna River and are not connected to CETP. The industries situated at Tronica City have their primary effluent treatment plant (PETP), and effluent from their PETP goes to CETP for further treatment. The CETP discharges its waste into Jawli Drain to Hindon River. The report stated that the discharge samples collected from the outlet of the CETP on nine different dates from Jan to March 2025, upon analysis, were found to be in conformity with the prescribed environmental norms. Anuj Kumar Sharma, appearing for respondent numbers 6 to 12, raised an objection to impleading four of the industrial units, three of which were complying and one was closed since 2020. Replying to the objections, the tribunal said, "Though complying as of today, if they committed any past violation, the applicant was justified in impleading them. Even otherwise, we are not directing any action against these respondents."

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