Tuesday, November 5, 2024

NUVOCO Vistas announces financial results for Q2 FY25

Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended September30, 2024. With 25MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the fifth largest cement group in India and amongst the leading cement players in East India.

The Company’s consolidated cement sales volume stood at 4.2MMT in Q2FY25. Consolidated revenue from operations stood at Rs. 2,269croresduring the same period. Consolidated EBITDA for the quarter stood at Rs. 229 crores.

The macro environment remains challenging, characterized by sluggish demand and pricing
pressure. While the Union Budget for FY25 has earmarked approximately Rs.11.11 lakh crores for infrastructure investments, the pace of on-ground execution is yet to see significant pick-up. Additionally, intense and prolonged monsoon conditions during Q2 FY25 have impacted construction activities across various sectors. Despite these challenges, the Company continued to remain focused on operational excellence. The Company has achieved the lowest blended fuel cost in the last 12 quarters, at Rs.1.54 per Mcal. Moreover, the successful commissioning of the new clinker wagon loading system at Sonadih Cement Plant has enhanced clinker dispatch capacity via rail, reflecting the company’s commitment to improving logistical efficiency.

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