NCL Industries has reported a mixed performance across its business segments for the third quarter of FY24-25, highlighting both gains and declines across its portfolio.
Cement dispatches fell by 11 per cent YoY to 662,936t, reflecting weaker market demand. Production and dispatches of cement-bonded particle boards also saw declines, with production down by three per cent YoY to 20,231t and dispatches falling five per cent YoY to 18,743t.
Ready-mix concrete (RMC) production and sales decreased marginally by one per cent YoY to 80,258m³ from 80,974m³ in the 3QFY24-25. In contrast, door production and sales experienced significant growth, rising by 39 per cent YoY to 8680 units, driven by increased demand.
Notably, hydropower generation surged by 858 per cent YoY to 16.61m units in the 3QFY24-25 from 1.73m units in the same period last year, reflecting strong operational improvements in the energy segment.
NCL Industries manufactures various products, including cement, cement-bonded particle boards, ready-mix concrete and doors. The company had previously reported a consolidated net profit of INR136.4m in the 2QFY23-24, a sharp increase from INR29.8m in the 2QFY22-23. Net sales also rose by 18.1 per cent YoY to INR4.3bn during the same period.
The company’s diverse product portfolio continues to show both opportunities for growth and challenges as market conditions evolve.
