Nuvoco clocks 85% dip in net profit for FY25

A dip in revenues from sale of cement and ready-mix concrete saw Nuvoco Vistas Corporation Ltd, the cement arm of Karsanbhai Patel-led Nirma Ltd, clock a 85 percent decline in consolidated net profit for the financial year 2024-25, Thursday.

Compared to the ₹147 crore net profit attributable to the owners in FY 24, the profits of the fifth largest cement manufacturer in India declined to Rs 22 crore in FY 25. While the revenues from operations declined by 3.5 percent to ₹10357 crore, the revenues from cement declined by 3.5 percent to ₹9429 crore and the revenue from ready mix concrete and others dipped by 3.3 percent to ₹1010 crore.

The Company achieved a consolidated cement sales volume of 5.7 million tonnes in the fourth quarter of FY25, with full-year volume reaching 19.4 million tonnes. The total expenses of the company for FY 25 also dipped by two percent year-on-year to ₹10350 crore.

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, “Despite a subdued demand environment in the first half of FY25, the Company witnessed a strong rebound in the second half. The Company responded swiftly by capitalising on emerging opportunities to strengthen its market presence. Back-to-back quarters of improved demand, coupled with our sharp focus on premiumisation, contributed to enhanced realisations leading to the Company achieving historical quarterly highest consolidated EBITDA.”  

 “Moving ahead, the Company will focus on growth and expanding market footprint with Vadraj Cement acquisition elevating capacity to 31 MTPA by third quarter of FY27,” Krishnaswamy added.

Published on May 1, 2025