Nuvoco Posts Rs 2.87 Billion Q1 Revenue, EBITDA Hits Record

21 Jul 2025 CW Team

In Q1 FY26, the company recorded consolidated cement sales of 5.1 million metric tonnes. Revenue from operations rose by 9 per cent year-on-year to Rs 28.73 billion. Nuvoco also reported its highest-ever consolidated EBITDA for the first quarter, standing at Rs 5.33 billion. As part of its deleveraging strategy, the company reduced like-for-like net debt by Rs 8.84 billion year-on-year, bringing it down to Rs 34.74 billion.

Premium products remain a strategic focus, contributing 41 per cent to the company’s trade volume in Q1 FY26. Nuvoco also achieved a trade mix of 76 per cent—its best performance in the past 13 quarters. The ongoing success of the Nuvoco Concreto and Nuvoco Duraguard lines underscores their growing reputation for quality and reliability in construction.

On the sustainability front, Nuvoco continues to lead the sector with the lowest carbon emissions, reducing its emission rate further to 453.8 kg CO2 per tonne of cementitious material, down from 457 kg in FY24.

Commenting on the quarterly performance, Managing Director Mr Jayakumar Krishnaswamy stated that healthy volume growth, focus on premiumisation, and a strong trade mix drove the record EBITDA. He affirmed the company’s commitment to market expansion, with the Kutch and Surat plants set to become operational by Q3 FY27. In parallel, Nuvoco will continue its focus on premiumisation, geo-optimisation, and cost efficiency to maintain its competitive advantage.

Nuvoco Vistas Corp. Ltd., a leading building materials company in India, has announced its financial results for the quarter ending 30 June 2025. With a combined installed capacity of 25 million metric tonnes per annum (MMTPA), the company remains on track to reach approximately 31 MMTPA by Q3 FY27, following the acquisition of Vadraj Cement Limited (VCL). This acquisition helps Nuvoco retain its position as the fifth-largest cement group in India and aligns with its strategy to expand its footprint in the Western and Northern regions.In Q1 FY26, the company recorded consolidated cement sales of 5.1 million metric tonnes. Revenue from operations rose by 9 per cent year-on-year to Rs 28.73 billion. Nuvoco also reported its highest-ever consolidated EBITDA for the first quarter, standing at Rs 5.33 billion. As part of its deleveraging strategy, the company reduced like-for-like net debt by Rs 8.84 billion year-on-year, bringing it down to Rs 34.74 billion.Premium products remain a strategic focus, contributing 41 per cent to the company’s trade volume in Q1 FY26. Nuvoco also achieved a trade mix of 76 per cent—its best performance in the past 13 quarters. The ongoing success of the Nuvoco Concreto and Nuvoco Duraguard lines underscores their growing reputation for quality and reliability in construction.On the sustainability front, Nuvoco continues to lead the sector with the lowest carbon emissions, reducing its emission rate further to 453.8 kg CO2 per tonne of cementitious material, down from 457 kg in FY24.Commenting on the quarterly performance, Managing Director Mr Jayakumar Krishnaswamy stated that healthy volume growth, focus on premiumisation, and a strong trade mix drove the record EBITDA. He affirmed the company’s commitment to market expansion, with the Kutch and Surat plants set to become operational by Q3 FY27. In parallel, Nuvoco will continue its focus on premiumisation, geo-optimisation, and cost efficiency to maintain its competitive advantage.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Building Material

13 Oct 2025

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

Infrastructure Urban

13 Oct 2025

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..