Nuvoco Vistas Corp, Indian’s fifth largest cement manufacturer, has reported a 65 per cent YoY rise in profits for the January-March 2025 quarter, with sales volumes of INR1.65bn (US$19.6m) representing a record high.
The company’s consolidated cement sales for the same period stood at 19.4Mt, while consolidated revenue from operations grew four per cent to 18.8Mt in the same YoY period and taking overall revenue for FY24-25 to INR103.57bn. Additionally, the company reported its highest-ever quarterly consolidated EBITDA at INR5.56bn, with full-year EBITDA standing at INR13.91bn.
Net profits for the full year have fallen sharply at INR220m, compared to INR1.47bn a year ago. However, Nuvoco’s net debt dropped YoY by INR3.9bn and now stands at INR36.4bn.
Resilience and wrestling
Nuvoco noted in its official statement that the past financial year had been one of recovery and resilience for the cement industry, with demand gradually picking up after a slow start. The past two quarters it has benefitted from increased government spending on infrastructure and housing, while the company itself has placed an emphasis on “operational excellence”. It highlighted that it has achieved some of the lowest blended fuel costs in the industry, at INR1.43/Mcal.
The company has also been boosting its profile with a number of marketing initiatives, such as its sponsorship of the Sabse Khaas Pehelwaan wrestling championship.
Nuvoco further noted that production of its Duraguard Microfiber Cement has commenced at the Haryana cement plant to cater for the market in the north of India. The company ready-mix business, with 58 operational plants, is also growing well, while such as tile adhesive, construction chemicals, cover blocks, and block jointing mortar are experiencing strong sales momentum.
