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Informist, Monday, Jul. 13, 2026

By Devanshu Singla

MUMBAI – Cement manufacturer Nuvoco Vistas Corp. Ltd.'s net profit in the June quarter rose 20% on year, as cost-saving measures helped the company report a slower rise in expenses than in revenue growth. Geopolitical tensions led to uncertainty during the quarter, but Nuvoco Vistas managed "strong cost discipline while preserving operational performance", the company said in a press release Monday.

Nuvoco reported a consolidated net profit of INR 1.60 billion during the June quarter, up 14% on-quarter. This was significantly higher than analysts' expectations of INR 1.16 billion.

The company's revenue was also above expectations, rising nearly 9% on year to INR 31.29 billion. Analysts had expected revenue of INR 30.57 billion. Sequentially, revenue fell 5%. The year-on-year revenue growth came on the back of a 5% growth in cement sales volume to 5.3 million tonnes.

Nuvoco Vistas reported total expenses of INR 28.56 billion during the June quarter, up 6.3% on-year but down 5.7% on-quarter. The company's freight charges increased nearly 7% on year to INR 8.38 billion, and power and fuel costs rose nearly 9% on year to INR 5.60 billion. Its raw material costs were INR 4.64 billion, a mere 2% increase, which helped limit the overall cost increase.  

The company's earnings before interest, tax, depreciation, and amortisation was INR 5.72 billion in the reporting quarter, up 7% on year. This is the highest-ever EBITDA by the company reported in a June quarter, the company said.

"We have had a strong start to the year, delivering higher business performance despite macro headwinds, particularly emanating from geopolitical tensions," Jayakumar Krishnaswamy, managing director at Nuvoco Vistas, said in the press release.

During the quarter, Nuvoco Vistas inaugurated 2 million tonnes per annum of grinding capacity at Limla cement plant in Surat, Gujarat. The Kutch project is on track to begin operations in phases starting in the December quarter, the company said. The company said its plans to increase total cement capacity to 35 million tonnes per annum by 2027-28 (Apr-Mar) are going as expected.

The geopolitical uncertainty in the recent quarters has tested supply chains and cost structures across the industry, Krishnaswamy said. "Going forward, while we remain watchful of evolving geopolitical developments, we will continue to pursue the same rigour through prudent procurement, continued cost optimisation, and ongoing improvements in supply chain efficiency," he added.

Monday, the company's shares closed at INR 316.55 on the National Stock Exchange, down 1.1% from the previous close.  End

Edited by Saji George Titus

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