Latest news with #NuvocoVistas
Economic Times
4 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
4 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
23-06-2025
- Business
- Time of India
Nuvoco Vistas makes Rs 1,800 crore payment to complete Vadraj cement acquisition
Nirma Group's Nuvoco Vistas Corp has completed its acquisition of debt-ridden Vadraj Cement by making a payment of Rs 1800 crore to lenders, led by Punjab National Bank and Union Bank of India. This acquisition will boost Nuvoco Vistas' installed cement capacity by over 20%, reaching around 31 MTPA, marking its third acquisition after Lafarge Cement and Emami Cement. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Ind'l Goods/Svs 1. India Cements to sell its subsidiary Industrial Chemicals Nirma Group's Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement . The money was paid to lenders on Saturday, allowing them to write back their provisions this quarter, two people aware of the details said."The money came to lenders on Saturday and has been distributed. There were some delays due to some litigation but now that everything is settled, the company transferred the money well ahead of the June 24 deadline," said one of the persons cited with 25% of the more than Rs 8000 crore debt stands to gain Rs 431 crore, while Union Bank will get Rs 345 crore, calculations by ET acquisition will help Nuvoco Vistas boost its installed cement capacity by over 20% reaching around 31 MTPA and is the company's third acquisition after Lafarge Cement and Emami Cement. A Mumbai bench of the NCLT had approved the acquisition in Vadraj Cement, formerly owned by ABG Shipyard, has a 6 million tonne grinding unit in Surat and will add to Nuvoco Vistas' existing production capacity of 25 million tonne by more than 20%.The acquisition was undertaken through Vanya Corp, a wholly-owned subsidiary of Nuvoco Vistas. Subsequently, Vanya will be merged with Vadraj Cement, according to the resolution plan. Vadraj Cement will ultimately become the wholly-owned subsidiary of the Rs 1,800 crore offer outbid Adani Group at an auction under the court-monitored corporate insolvency, ET had reported in January this year. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire the Gujarat-based cement the Rs 1,800 crore offered by Nuvoco Vistas, Rs 1,725 crore will be used for repaying financial creditors' dues, and the balance is set aside for operational credit, dues to employees, an insolvency resolution process costs.
Time of India
22-06-2025
- Business
- Time of India
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Nirma Group's Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement . The money was paid to lenders on Saturday, allowing them to write back their provisions this quarter, two people aware of the details said."The money came to lenders on Saturday and has been distributed. There were some delays due to some litigation but now that everything is settled, the company transferred the money well ahead of the June 24 deadline," said one of the persons cited with 25% of the more than Rs 8000 crore debt stands to gain Rs 431 crore, while Union Bank will get Rs 345 crore, calculations by ET acquisition will help Nuvoco Vistas boost its installed cement capacity by over 20% reaching around 31 MTPA and is the company's third acquisition after Lafarge Cement and Emami Cement. A Mumbai bench of the NCLT had approved the acquisition in Vadraj Cement, formerly owned by ABG Shipyard, has a 6 million tonne grinding unit in Surat and will add to Nuvoco Vistas' existing production capacity of 25 million tonne by more than 20%.The acquisition was undertaken through Vanya Corp , a wholly-owned subsidiary of Nuvoco Vistas. Subsequently, Vanya will be merged with Vadraj Cement, according to the resolution plan. Vadraj Cement will ultimately become the wholly-owned subsidiary of the Rs 1,800 crore offer outbid Adani Group at an auction under the court-monitored corporate insolvency, ET had reported in January this year. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire the Gujarat-based cement the Rs 1,800 crore offered by Nuvoco Vistas, Rs 1,725 crore will be used for repaying financial creditors' dues, and the balance is set aside for operational credit, dues to employees, an insolvency resolution process costs.
Time of India
29-05-2025
- Business
- Time of India
Turnaround stocks: IFCI, Shree Renuka Sugars among six BSE 500 stocks to swing to profit in Q4
Mixed CY2025 stock returns Live Events What to do with them? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel As the Q4FY25 earnings season is set to culminate this week, six listed companies in the BSE 500 index have scripted a strong turnaround, reporting profits in the reported quarter after losses in the previous quarter. The notable names which have delivered a remarkable shift in performance include CreditAccess Grameen Mahindra Lifespace Developers , Nuvoco Vistas, and Shree Renuka Sugars As of May 28, 2025, 461 companies in the BSE 500 index declared their quarterly Grameen saw a striking reversal, posting a profit of Rs 47.21 crore in Q4FY25 compared to a loss of Rs 99.52 crore in Q3. IFCI also swung to a profit of Rs 260.43 crore from a loss of Rs 8.74 crore. Similarly, Graphite India turned profitable with Rs 49 crore versus a Rs 21 crore QoQ loss. As for Mahindra Lifespace Developers, the real estate company reported Rs 85.09 crore in earnings after a Rs 22.47 crore and building material company Nuvoco Vistas posted Rs 165.54 crore in Q4 profits against a loss of Rs 61 crore, while Shree Renuka Sugars recovered from a massive Rs 203.70 crore loss in Q3FY25 to post Rs 93.10 crore in net profit in the quarter under their strong quarterly turnarounds, stock market performance in CY2025 has been mixed for these companies. CreditAccess Grameen has rewarded investors with a 33.69% return so far this year, and IFCI is up 12.78%. However, others have lagged—Graphite India is down 5.84%, Mahindra Lifespace Developers has slipped 20.57%, Nuvoco Vistas is nearly flat with a marginal 0.06% uptick, and Shree Renuka Sugars has declined 15.89%, indicating investor caution despite earnings Bathini, Director-Equity Strategy at WealthMills Securities, summed up the Q4 season as a decent quarter with no negative surprises considering the domestic and global uncertainties. In his view, all six stocks are "decent" CreditAccess, he said that the company's performance is improving. "BFSI as a sector is doing well, and NIMs are gradually getting better. The RBI policy announcements could act as a trigger if rates are cut," he said. He declined to recommend the Mahindra Life and Nuvoco, he suggested accumulation with a long-term view. As for Renuka, he said his top bet in the sugar sector is the "sector bellwether" Balrampur Chini. He has an 'Avoid' view on state-run on the growth story of IFCI, Share. Market expert Om Ghawalkar said that the turnaround came on the back of strategic divestments and a capital infusion by the government. Although the revenue of this state-run company dropped 41.6% YoY due to elevated NPAs and ongoing consolidation, the improved bottom line has powered a strong market reaction with the stock rallying 60% this for Shree Renuka Sugars, growth in ethanol sales and tighter cost control were key drivers, this analyst said. "Despite a slight decline in annual revenue, operational improvements helped narrow full-year losses. The stock is in a clear uptrend and has gained nearly 20% while trading above key moving averages," he added.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
