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