Nuvoco Vistas Q1 Profit Rises 20%, Revenue Up 8.9%
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Nuvoco Vistas Corp reports Q1 FY27 consolidated profit of Rs 159.6 cr, up 19.87%, with revenue rising 8.9% to Rs 3,128.7 cr. Strong performance for building materials.
New Delhi, Jul 13 (PTI) Nuvoco Vistas Corp, the building materials division of the Nirma Group, on Monday reported a 19.87 per cent increase in consolidated profit at Rs 159.63 crore in the June quarter.
The company earlier had a net profit of Rs 133.16 crore in the April-June quarter a year ago, according to a regulatory filing from Nuvoco Vistas Corp.
Its revenue from operations was up 8.9 per cent to Rs 3,128.71 crore in the June quarter. It was at Rs 2,872.70 crore in the corresponding quarter a year ago.
Total expenses of Nuvoco Vistas were at Rs 2,856.30 crore, up 6.34 per cent in the June quarter of FY27.
Its total income, which includes other income, was at Rs 3,132.32 crore, up 8.47 per cent in Q1, FY27.
Nuvoco Vistas' consolidated cement sales volume was at 5.3 MMT in Q1FY27, registering a 5 per cent year-on-year growth.
"We have had a strong start to the year, delivering higher business performance despite macro headwinds, particularly emanating from geopolitical tensions. The company achieved strong YoY growth in both EBITDA and PAT," Nuvoco Vistas Managing Director Jayakumar Krishnaswamy said.
On the outlook, he 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.
Share of Nuvoco Vistas Corporation on Monday settled at Rs 315.70 on the BSE, down 1.36 per cent from the previous close.
The company earlier had a net profit of Rs 133.16 crore in the April-June quarter a year ago, according to a regulatory filing from Nuvoco Vistas Corp.
Its revenue from operations was up 8.9 per cent to Rs 3,128.71 crore in the June quarter. It was at Rs 2,872.70 crore in the corresponding quarter a year ago.
Total expenses of Nuvoco Vistas were at Rs 2,856.30 crore, up 6.34 per cent in the June quarter of FY27.
Its total income, which includes other income, was at Rs 3,132.32 crore, up 8.47 per cent in Q1, FY27.
Nuvoco Vistas' consolidated cement sales volume was at 5.3 MMT in Q1FY27, registering a 5 per cent year-on-year growth.
"We have had a strong start to the year, delivering higher business performance despite macro headwinds, particularly emanating from geopolitical tensions. The company achieved strong YoY growth in both EBITDA and PAT," Nuvoco Vistas Managing Director Jayakumar Krishnaswamy said.
On the outlook, he 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.
Share of Nuvoco Vistas Corporation on Monday settled at Rs 315.70 on the BSE, down 1.36 per cent from the previous close.
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