India: Nuvoco Vistas Corporation has reported that a decline in cement and ready-mix concrete sales caused an 85% year-on-year fall in its net consolidated profit for the 2025 financial year (FY2025), which ended on 31 March 2025.
Its net profit attributable to its owners fell from US$17.5m in FY2024 to just US$2.6m in FY2025. Its revenues from operations fell by 3.5% to US$1.23bn, while revenues from cement operations also fell by 3.5%, to US$1.12bn. Nuvoco Vistas sold 1.94Mt of cement during FY2025.
Nuvoco Vistas’s managing director, Jayakumar Krishnaswamy, said "Despite a subdued demand environment in the first half of FY2025, the company witnessed a strong rebound in the second half. The company responded swiftly by capitalising on emerging opportunities to strengthen its market presence.”
