Cement News tagged under: Nuvoco Vistas Corp
Nuvoco Vistas sees 32% drop in 2Q EBITDA on sluggish demand24 October 2024, Published under Cement NewsIndia-based Nuvoco Vistas Corp posted a revenue of INR22.69bn in the 2QFY24-25 ended 30 September 2024. This represents a 11.8 per cent drop from INR25.73bn in the 2Q23-24. EBITDA reached INR22.9m, a decline of 31.8 per cent from INR33.6m in the 2QFY23-24. The company sold 4.2Mt of cement in the July-September 2024 quarter, down by 6.7 per cent from 4.5Mt in the year-ago quarter. “The macro environment remains challenging, characterised by sluggish demand and pricing pressure,” the compa... |
Nuvoco Vistas Corp posts 6% uptick in April-June revenue02 August 2024, Published under Cement NewsIndia-based Nuvoco Vistas Corp saw its consolidated revenue from operations for the April-June 2024 quarter decline by six per cent YoY to INR26.36bn (US$314.8m) as lower volumes and weaker prices affected the company's result. The group sold 4.8Mt of cement, down from 5Mt in the year-ago quarter. Consolidated EBITDA for the quarter stood at INR3.48bn, down more than 13 per cent from a year ago. The company's consolidated net profit fell by more than 80 per cent YoY to INR28.4m in the A... |
Nuvoco Vistas Corp sees 24% increase in revenue in FY21-2223 May 2022, Published under Cement NewsIndia-based Nuvoco Vistas Corp has announced its audited financial results for the financial year ended 31 March 2022. Consolidated revenue from operations improved by 24 per cent to INR93.18bn (US$1.2bn) for FY21-22 while consolidated EBITDA reached INR15.39bn and profit after tax at INR320m. Consolidated net debt declined by INR16.66bn to INR50.64bn in the FY21-22. Commenting on the financial results, Nuvoco Vistas Corp MD, Jayakumar Krishnaswamy, said: "FY22 was an exceptionally c... |
Nuvoco Vistas sees improvement in first quarter07 September 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp has recorded a consolidated net profit of INR1.14bn (US$15.58m) in the first quarter of the fiscal ending 30 June 2021, compared to an INR913.8m net loss in the year-ago period. Consolidated revenue from operations also surged to INR22.03bn from INR8.42bn in the 1QFY20-21. "In spite of the countrywide lockdown, the company achieved exceptional volume growth in the quarter ended 30 June 2021. With a thrust on innovation and premium products, leveraging synergy be... |
Nuvoco Vistas Corp sees lukewarm bourse start24 August 2021, Published under Cement NewsIndia-based cement producer Nuvoco Vistas Corp entered the bourses with a weak start as its shares were listed at up to 17 per cent discount to its issue price. However, by the end of the day, the shares saw gains of up to 13 per cent over the listing price. At the start of trading on 24 August shares reached INR471 (US$6.35) on the Bombay Stock Exchange (BSE), down 17.3 per cent when compared with the issue price of INR570. Meanwhile, on the NSE, Nuvoco shares opened at INR485, or a 14.9 ... |
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