Nuvoco Vistas shares rocket 14% after Q1 net profit jumps 20%; firm reports strongest EBITDA ever

Nuvoco Vistas shares surged 14% after the company reported a 20% year-on-year jump in Q1 net profit, marking its strongest first quarter EBITDA ever with 7% YoY EBITDA growth and 5% volume growth. The company commissioned 2 MMTPA grinding capacity at its Limla Cement Plant ahead of schedule and expects cement demand to strengthen post-monsoon, supported by an 11.5% central government and 15% state government capex increase in FY27. Total cement manufacturing capacity is targeted to reach 35 MMTPA by FY28.