The cement maker expects revenue to exceed Rs 13,000 crore in FY27, backed by 7-8 per cent volume growth, stable pricing, demand recovery and ongoing capacity expansion
Looking beyond the Q1, analysts expect domestic cement demand to grow at a healthy 6-8 per cent CAGR over FY27-FY29, driven by sustained public infra investments and housing demand.
Today's rally in Nuvoco Vistas Corporation was buoyed by the company's Q1 results, in which its consolidated profit rose 20 per cent Y-o-Y to ₹159.63 crore.
Nirma Group-promoted cement maker reports record quarterly Ebitda as revenue growth, operational efficiencies and lower finance costs lift first-quarter earnings
Q1FY27 company results: Firms including Nuvoco Vistas Corporation, Bajaj Consumer Care, Khaitan Chemicals & Fertilizers and Plastiblends are also to release their April- June earnings today
Nuvoco Vistas reports a 15 per cent year-on-year decline in Q4 FY26 profit, even as revenue, volumes, and Ebitda grew on strong demand and premiumisation
Nuvoco Vistas will invest Rs 200 crore to add 4 MMTPA grinding capacity in Eastern India by FY27 through a new mill and debottlenecking projects across multiple plants
Nuvoco Vistas Corp, the Nirma group's cement business, on Monday announced a Rs 200 crore investment to expand its grinding capacity by 4 MMTPA. The company, which is expanding its presence in Eastern India, will invest in a new cement grinding capacity through a new mill at the Arasmeta Cement Plant in Chhattisgarh, according to a statement from Nuvoco Vistas Corp. This will be complemented by a series of debottlenecking projects at Jojobera, Panagarh, and Odisha Cement Plants, it added. "Including a new mill, the company plans to add 4 MMTPA of grinding capacity through equipment upgrades, process improvements, and internal debottlenecking initiatives by the end of FY'27," it said. Following this, Nuvoco's cement capacity in the East will rise by over 20 per cent within the next one and a half years, increasing from 19 MMTPA (million tonnes per annum), it said. Commenting on the development, the company's Managing Director Jayakumar Krishnaswamy said: "With cement demand in Indi
Nuvoco Vistas stock jumps after the company reported its highest-ever first quarterly consolidated Earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹533 crore in Q1FY26.
Nuvoco Vistas posts multi-fold profit growth to Rs 133 cr in Q1 FY26 on low base, premium products and trade sales; eyes Western expansion after Vadraj deal
On account of the Revocation Act, the incentives of ₹427.14 crore and ₹300.44 crore to be received by the company and NU Vista Limited, respectively, are likely to be impacted, Nuvoco mentioned
The profit stood at ₹165.54 crore, driven by a 40 per cent share of premium products in the company's trade sales
Nomura analysts project a 6 per cent year-on-year (Y-o-Y) volume growth for the Indian cement industry in FY26F, compared to an estimated 3 per cent in FY25F
Stocks to Watch, Jan 9, 2025: From Tata Motors to Manappuram Finance, here are few stocks that will be on investors' radar today
Stocks to Watch, Jan 7, 2025: From Mobikwik to Nuvoco Vistas, here are few stock that will remain in focus today
The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December
Nuvoco Vistas Corp, the building materials division of the Nirma Group, on Monday, reported a net profit of Rs 31 crore in the December quarter against a net loss of Rs 75.3 crore in the year-ago period. The turnaround came on a revenue of Rs 2,421 crore and a 55 per cent jump in operating profit to Rs 421 crore, the company said in a statement. The recovery was on the back of per tonne realisation of Rs 1,048 which is the highest in the past 10 quarters. After its recent acquisitions, the installed cement capacity has touched 25 million tonnes per annum, making it the fifth-largest cement maker in the country and a leading player in the eastern states. The consolidated sales stood at 4.02 mt in the reporting quarter, taking its realization to Rs 2,421 crore. The company has successfully commissioned a 1.2 mt cement mill in Haryana during the quarter, taking the overall capacity to 25 mt. Premium products continue to remain a key focus area and have contributed significantly, with
Nuvoco Vistas Corp Ltd on Friday reported a decline of 22.37 per cent in consolidated net profit at Rs 29.11 crore in the fourth quarter ended March.
On February 25, 2022, Niyogi Enterprise Private Limited, one of the promoters of Nuvoco Vistas, purchased 68,222 equity shares of the company via market purchase
Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE