NUVOCO Vistas announces its financial results for Q4 and FY25
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financial results for Q4 and FY25
Achieved historical quarterly highest consolidated EBITDA of Rs. 556 Cr. in Q4 FY25
Deleveraging initiative continued with Net debt reduction of Rs. 390 Cr. YoY to Rs. 3640 Cr.
Received NCLT nod for Vadraj Cement acquisition, enhancing cement capacity to 31 MMT by FY27
Cement volume for FY25 closed at 19.4 MMT
Mumbai: Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended March 31, 2025. With 25 MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the 5th largest cement group in India and amongst the leading cement players in East India. The Company is on track to achieve 31 MMTPA cement capacity by Q3 FY27 post NCLT approving the Resolution Plan for acquisition of Vadraj Cement Limited (VCL).
The Company achieved a consolidated cement sales volume of 5.7 MMT in Q4 FY25, with full-year volume reaching 19.4 MMT. Consolidated revenue from operations grew 4% YoY to Rs. 3,042 Cr. in Q4, bringing FY25 revenue to Rs. 10,357 Cr. The Company also reported its highest-ever quarterly consolidated EBITDA of Rs. 556 Cr. in Q4 FY25, with full-year EBITDA at Rs. 1,391 Cr. Furthermore, the Company stayed committed to its deleveraging agenda reducing its net debt by Rs. 390 Cr. YoY to Rs. 3,640 Cr.
FY25 marked a year of resilience and recovery for the cement industry, with demand picking up steadily after a muted first half. Nuvoco capitalized on this rebound with targeted initiatives that delivered volume growth, especially in the second half. Cement demand remained robust across two consecutive quarters, supported by increased Central and State Government Capex in infrastructure and housing. Throughout the year, the Company maintained a sharp focus on operational excellence. This is reflected in achieving the lowest blended fuel cost in the last 14 quarters at Rs. 1.43 per Mcal, reinforcing Nuvoco’s position amongst the industry’s lowest in power and fuel costs.
The Company undertook key marketing initiatives to enhance its brand presence. These included the ‘Sarthi Programme at Maha Kumbh 2025’, which provided an immersive experience to over 25,000 visitors, reinforcing the company’s commitment to its channel partners and influencers. Additionally, the launch of ‘Sabse Khaas Pehelwaan’, Haryana’s premier wrestling championship, helped strengthen Duraguard Cement’s brand by aligning it with the strength and resilience of wrestling champions. Furthermore, the Company also commenced production of Duraguard Microfiber Cement at Haryana Cement Plant to cater to Northern market.
The RMX business, with 58 operational plants, is gaining healthy momentum, contributing to overall growth. In the MBM business, products such as tile adhesive, construction chemicals, cover blocks, and block jointing mortar are experiencing strong sales momentum, further accelerating performance.
The Company continues to strengthen its commitment to sustainability with lowest carbon emissions in the industry, with 457 kg CO2 per ton1 of cementitious materials.
Commenting on the performance of the Company, Mr. 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.”
He further remarked, “We remain optimistic about the cement demand in near to medium term. As we look ahead, our focus will be on scaling growth and expanding our market footprint. Moving ahead, the Company will focus on growth and expanding market footprint with Vadraj Cement acquisition elevating capacity to 31 MMTPA by Q3 FY27. The Company will continue to drive key initiatives pertaining to premiumisation, geo-optimisation and cost optimisation. This aligns with our renewed mission of being a Trusted Building Materials Company Creating Value for Our Stakeholders.”
