Cement News tagged under: Nuvoco Vistas
Nuvoco sees 55% increase in 3Q EBITDA01 February 2024, Published under Cement NewsNuvoco Vistas Corp saw consolidated cement sales volume fall by 10 per cent YoY to 4Mt in the 3QFY23-24 (October-December 2023). The company also reported a seven per cent drop in revenue to INR24.21bn (US$291.6m). However, EBITDA expanded by 55 per cent YoY in the 3QFY23-24 to INR4.21bn, supported by improved price realisations and a decline in power and fuel costs. EBITDA/t of INR1048 was the highest in the last 10 quarters, according to a company presentation. Raw material costs for... |
Nuvoco Vistas reports INR1300m loss in 2QFY2210 November 2022, Published under Cement NewsNuvoco Vistas Corp reported a INR1300m (US$15.99m) consolidated loss for the July-September quarter (2QFY22-23). The company had reported a loss of INR260m in the corresponding quarter last year. The consolidated cement sales volume for the company improved by 15 per cent YoY to 4.4Mt in 2QFY22-23. Consolidated revenue from operations during the same period improved by 19 per cent YoY to INR24,010m in line with higher sales volume and improved prices. Consolidated EBITDA for the quarter... |
Margins squeezed for Indian cement producers12 August 2022, Published under Cement NewsIndia remains one the fastest-growing economies at 7.4 per cent GDP growth in 2022, according to the IMF. Cement demand has also risen and is forecast to rise by 7-8 per cent in the FY22-23 to around 388Mt, says ICRA Corporate Ratings. This would seem positive for investment in the Indian cement sector, but cement producers have been announcing tighter margins, and raw material and energy costs are expected to further impact margins going forward. Reporting on operating margins for ceme... |
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