Nuvoco Vistas Corp announced its unaudited financial results for the 3QFY24-25, ended 31 December 2024, reporting a consolidated sales volume of 4.7Mt, up 16 per cent YoY.
Consolidated revenue from operations slipped by 0.5 per cent to INR24,090m (US$278.5m) in the 3QFY24-25 from INR24,210m in the year-ago period as prices remained muted for most of the reporting period.
Consolidated EBITDA declined by 38.7 per cent to INR2580m in the 3QFY24-25 from INR4210m when compared with the equivalent period of the previous financial year.
According to the company’s Managing Director, Jayakumar Krishnaswamy, “The Company proactively seized demand opportunities to bolster its position in the market and delivered strong volume growth during the quarter. Price increases in the recent period continue to reflect a positive trend, while sustained improvements in demand should support prices as well. Strategic priorities for the company remain centered on driving premiumisation, optimising geo- mix, enhancing fuel mix efficiency, strengthening brand presence, and maintaining cost excellence. The company is confident in its expansion strategy and ability to execute on growth plans pertaining to Vadraj Cement, which will diversify its market footprints in the Western India, thereby supporting long-term growth ambitions and further consolidating its position as the fifth largest player in India.”
