India: Nuvoco Vistas, the cement arm of the Nirma Group, 'bounced back' from losses to record a consolidated net profit of US$5.4m for the quarter ending 31 December 2025, the third quarter of India’s 2026 Fiscal Year (FY2026). It made a US$6.7m loss. Despite this it reported the company’s highest-ever cement sales volume for a third fiscal quarter at 5Mt, a 7% increase year-on-year. Consolidated revenue from operations rose by 12% to US$297m, while earnings before interest, tax, depreciation and amortisation (EBIDTA) rose by 50% to US$42.5m.
Jayakumar Krishnaswamy, Managing Director, said, “December 2025 saw healthy double-digit growth after early demand softness from monsoons and festivities. We delivered our highest third-quarter volume and a 50% rise in EBITDA. Our Vadraj cement plant refurbishment is progressing steadily, and our focus on premium products and operational efficiency will strengthen our long-term competitive advantage.”
The company is also advancing its strategic capacity expansion in eastern India and at its Vadraj plant in Gujarat. The clinker and grinding units at Vadraj are planned to start operations in phases from the third quarter of FY2027, which will increase Nuvoco’s total cement capacity to 35Mt/yr.
