India's Nuvoco Vistas Corporation rises on Q1 profit surge

Nuvoco Vistas

18/07/2025 07:21

** Nuvoco Vistas Corporation NUVO.NS rises as much as 9.3% to 417 rupees, highest since October 6, 2022

** Cement co reports ~47x y/y rise in Q1 consol net PAT; rev rises ~9%, expenses up 1.9%

** Rev from larger cement segment jumps 9.4%; focus on premium products contributed to higher EBITDA of 5.33 bln rupees ($61.8 mln) vs year-ago 3.48 bln rupees

** Stock set to gain for fifth straight day

** Stock sees busiest day since September 17, 2024, with more than 5.4 mln shares traded, 16.6x their 30-day moving avg

** NUVO last up 3.5%, takes YTD gains to ~9%

($1 = 86.1880 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))