On consolidated basisQuarter ended June 2025 compared with Quarter ended June 2024.
Net sales (including other operating income) of Nuvoco Vistas Corporation has increased 8.96% to Rs 2872.7 crore. Sales of Cement segment has gone up 9.43% to Rs 2,630.35 crore (accounting for 91.18% of total sales). Sales of Ready Mix conrete and Others segment has gone down 0.64% to Rs 254.45 crore (accounting for 8.82% of total sales). Inter-segment sales came down from Rs 23.24 crore to Rs 12.10 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 139.00% to Rs 303.93 crore. PBIT of Cement segment rose 143.79% to Rs 311.08 crore (accounting for 102.35% of total PBIT). PBIT of Ready Mix conrete and Others segment fell 1,562.79% to Rs -7.15 crore (accounting for -2.35% of total PBIT). PBIT margin of Cement segment rose from 5.31% to 11.83%. PBIT margin of Ready Mix conrete and Others segment fell from negative 0.17% to negative 2.81%. Overall PBIT margin rose from 4.78% to 10.54%. Operating profit margin has jumped from 13.02% to 18.05%, leading to 51.03% rise in operating profit to Rs 518.59 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 18.18% to 15.60%. Purchase of finished goods cost rose from 2.12% to 2.55%. Employee cost decreased from 6.65% to 6.17%. Other expenses fell from 60.09% to 57.85%. Power and Oil fuel cost fell from 19.43% to 17.68%. Freight charges rose from 26.81% to 27.02%. Other income rose 227.43% to Rs 14.8 crore. PBIDT rose 53.32% to Rs 533.39 crore. Provision for interest fell 7.48% to Rs 117.13 crore. PBDT rose 88.11% to Rs 416.26 crore. Provision for depreciation fell 0.71% to Rs 214.66 crore. Profit before tax grew 3,860.71% to Rs 201.60 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 68.44 crore, compared to Rs 2.25 crore. Effective tax rate was 33.95% compared to 44.20%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 4,588.73% to Rs 133.16 crore. Promoters? stake was 72.02% as of 30 June 2025 ,compared to 72.02% as of 30 June 2024 .
Full year results analysis.
Net sales (including other operating income) of Nuvoco Vistas Corporation has declined 3.51% to Rs 10356.67 crore. Sales of Cement segment has gone down 3.50% to Rs 9,429.42 crore (accounting for 90.32% of total sales). Sales of Ready Mix conrete and Others segment has gone down 3.31% to Rs 1,010.48 crore (accounting for 9.68% of total sales). Inter-segment sales came down from Rs 83.65 crore to Rs 83.23 crore.
Profit before interest, tax and other unallocable items (PBIT) has slumped 28.59% to Rs 503.48 crore. PBIT of Cement segment fell 26.64% to Rs 500.95 crore (accounting for 99.50% of total PBIT). PBIT of Ready Mix conrete and Others segment fell 88.59% to Rs 2.53 crore (accounting for 0.50% of total PBIT). PBIT margin of Cement segment fell from 6.99% to 5.31%. PBIT margin of Ready Mix conrete and Others segment fell from 2.12% to 0.25%. Overall PBIT margin fell from 6.52% to 4.82%. Operating profit margin has declined from 15.13% to 13.25%, leading to 15.50% decline in operating profit to Rs 1,372.00 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 16.33% to 16.97%. Purchase of finished goods cost rose from 1.37% to 2.53%. Employee cost increased from 6.39% to 6.56%. Other expenses fell from 60.69% to 60.63%. Power and Oil fuel cost fell from 20.07% to 19.12%. Freight charges fell from 27.46% to 27.11%. Other income fell 41.98% to Rs 19.43 crore. PBIDT fell 16.04% to Rs 1391.43 crore. Provision for interest fell 6.80% to Rs 496.41 crore. Loan funds declined from Rs 4,403.74 crore as of 31 March 2024 to Rs 4,073.79 crore as of 31 March 2025. Inventories declined from Rs 946.69 crore as of 31 March 2024 to Rs 761.65 crore as of 31 March 2025. Sundry debtors were higher at Rs 660.06 crore as of 31 March 2025 compared to Rs 590.68 crore as of 31 March 2024. Cash and bank balance rose to Rs 182.33 crore as of 31 March 2025 from Rs 106.98 crore as of 31 March 2024. Investments stood at Rs 0.83 crore as of 31 March 2025 to Rs 0.83 crore as of 31 March 2024. PBDT fell 20.41% to Rs 895.02 crore. Provision for depreciation fell 5.46% to Rs 868.51 crore. Fixed assets declined from Rs 12,236.29 crore as of 31 March 2024 to Rs 9,975.54 crore as of 31 March 2025. Intangible assets increased from Rs 3,278.47 crore to Rs 5,113.85 crore. Profit before tax down 87.13% to Rs 26.51 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 4.67 crore, compared to Rs 58.56 crore. Effective tax rate was 17.62% compared to 28.44%.Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 85.18% to Rs 21.84 crore. Equity capital stood at Rs 357.16 crore as of 31 March 2025 to Rs 357.16 crore as of 31 March 2024. Per share face Value remained same at Rs 10.00. Promoters? stake was 72.02% as of 31 March 2025 ,compared to 72.02% as of 31 March 2024 . Cash flow from operating activities decreased to Rs 1,328.52 crore for year ended March 2025 from Rs 1,592.54 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 350.12 crore, compared to Rs 581.38 crore during the year ended March 2024. Operational highlights
Q1FY2026
Volumes increased by 6% yoy to 5.1 MT.Premiumization stood at 41% of trade volumes . Trade Mix stood at 76%.
Management Commentary:
Commenting on the performance of the Company, Mr.Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, stated, ?The Company witnessed healthy volume growth during the quarter. 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. Looking ahead, we remain committed to drive sustained growth and expand our market presence. Following the successful acquisition of Vadraj Cement, the Company is fully geared up to operationalize the plants at Kutch and Surat by Q3 FY27 and at the same time expanding its market footprint in the Western region. Alongside this, the Company will continue to prioritize initiatives around premiumisation, geo-optimisation, and cost efficiency to further strengthen its competitive edge.?
| Nuvoco Vistas Corporation : Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202506 | 202406 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,872.70 | 2,636.48 | 8.96 | 10,356.67 | 10,732.89 | -3.51 | | OPM (%) | 18.05 | 13.02 | 503 bps | 13.25 | 15.13 | -188 bps | | OP | 518.59 | 343.37 | 51.03 | 1,372.00 | 1,623.71 | -15.50 | | Other Inc. | 14.80 | 4.52 | 227.43 | 19.43 | 33.49 | -41.98 | | PBIDT | 533.39 | 347.89 | 53.32 | 1,391.43 | 1,657.20 | -16.04 | | Interest | 117.13 | 126.60 | -7.48 | 496.41 | 532.63 | -6.80 | | PBDT | 416.26 | 221.29 | 88.11 | 895.02 | 1,124.57 | -20.41 | | Depreciation | 214.66 | 216.2 | -0.71 | 868.51 | 918.64 | -5.46 | | PBT | 201.60 | 5.09 | 3,860.71 | 26.51 | 205.93 | -87.13 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 201.6 | 5.09 | 3,860.71 | 26.51 | 205.93 | -87.13 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 201.6 | 5.09 | 3,860.71 | 26.51 | 205.93 | -87.13 | | Taxation | 68.44 | 2.25 | 2,941.78 | 4.67 | 58.56 | -92.03 | | PAT | 133.16 | 2.84 | 4,588.73 | 21.84 | 147.37 | -85.18 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 133.16 | 2.84 | 4,588.73 | 21.84 | 147.37 | -85.18 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 133.16 | 2.84 | 4,588.73 | 21.84 | 147.37 | -85.18 | | EPS (Rs)* | 3.73 | 0.08 | 4,588.73 | 0.61 | 4.13 | -85.18 | | | * EPS is on current equity of Rs 357.16 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Nuvoco Vistas Corporation : Consolidated Segment Results |
| | Quarter ended | Year ended |
|---|
| % of (Total) | 202506 | 202406 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
|---|
| Sales | | Cement | 91.18 | 2,630.35 | 2,403.62 | 9.43 | 90.32 | 9,429.42 | 9,771.49 | -3.50 | | Ready Mix conrete and Others | 8.82 | 254.45 | 256.10 | -0.64 | 9.68 | 1,010.48 | 1,045.05 | -3.31 | | Total Reported Sales | 100.00 | 2,884.80 | 2,659.72 | 8.46 | 100.00 | 10,439.90 | 10,816.54 | -3.48 | | Less: Inter segment revenues | | 12.10 | 23.24 | -47.93 | | 83.23 | 83.65 | -0.50 | | Net Sales | 100.00 | 2,872.70 | 2,636.48 | 8.96 | 100.00 | 10,356.67 | 10,732.89 | -3.51 | | PBIT | | Cement | 102.35 | 311.08 | 127.60 | 143.79 | 99.50 | 500.95 | 682.89 | -26.64 | | Ready Mix conrete and Others | -2.35 | -7.15 | -0.43 | -1,562.79 | 0.50 | 2.53 | 22.18 | -88.59 | | Total PBIT | 100.00 | 303.93 | 127.17 | 139.00 | 100.00 | 503.48 | 705.07 | -28.59 | | Less : Interest | | 117.13 | 126.60 | -7.48 | | 496.41 | 532.63 | -6.80 | | Add: Other un-allcoable | | 14.80 | 4.52 | 227.43 | | 19.44 | 33.49 | -41.95 | | PBIT Margin(%) | | Cement | | 11.83 | 5.31 | 651.79 | | 5.31 | 6.99 | -167.60 | | Ready Mix conrete and Others | | -2.81 | -0.17 | -264.21 | | 0.25 | 2.12 | -187.20 | | PBT | 100.00 | 201.60 | 5.09 | 3,860.71 | 100.00 | 26.51 | 205.93 | -87.13 |
|
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