Nuvoco Vistas Corporation Ltd

Net loss of Nuvoco Vistas Corporation reported to Rs 61.37 crore in the quarter ended December 2024 as against net profit of Rs 31.03 crore during the previous quarter ended December 2023. Sales declined 0.48% to Rs 2409.36 crore in the quarter ended December 2024 as against Rs 2420.98 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2409.362420.98 0 OPM %10.7216.95 - PBDT132.67288.07 -54 PBT-84.7156.82 PL NP-61.3731.03 PL Powered by Capital Market - Live

Revenue from operations decline marginally to Rs 2,409.36 crore in third quarter of FY25 from Rs 2,420.98 crore reported in the same period last year. The firm reported a pre-tax loss of Rs 84.71 crore in the December 2024 quarter, compared to profit before tax of Rs 56.82 crore posted in the December 2023 quarter. EBITDA during the quarter stood at Rs 258 crore, registering a de-growth of 38.72% on YoY basis. The company's revenue from cement stood at Rs 2,184.24 crore (up 0.74% YoY) and revenue from ready mix concrete and others was at Rs 244.85 crore (up 2.55% YoY) during the period under review. Consolidated cement sales volume grew 16% YoY to 4.7 million tonnes in Q3 FY25. The company stated that the cement industry has witnessed a recovery following a challenging first half of FY25. After facing subdued demand, the industry is showing signs of improvement, supported by favourable market dynamics. In response, it undertook several initiatives to drive strong volume growth during the quarter. While cement prices remained muted for majority part of the quarter, they recovered toward the end. Meanwhile, the firm has continued to focus on operational excellence. It has achieved the lowest blended fuel cost in the last 13 quarters, at Rs 1.45 per Mcal. Nuvoco's power & fuel cost continues to be amongst the lowest in the industry. Jayakumar Krishnaswamy, managing director of Nuvoco Vistas Corporation, said, '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 premiumization, optimizing geomix, 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 5th largest player in India.' Nuvoco Vistas Corporation (NVC) is engaged in the business of manufacturing and sale of Cement and Ready Mix (RMX) along with trading and manufacturing of aggregates. The company caters mainly to the domestic market. Powered by Capital Market - Live

Nuvoco Vistas Corp. will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

The company has incorporated Vanya Corporation with authorised and paid-up share capital of Rs 10,000 divided into 1,000 equity shares of Rs 10 each. It will carry on the business of manufacturing of cementitious products. Nuvoco Vistas Corporation (NVC) is engaged in the business of manufacturing and sale of cement and ready mix (RMX) along with trading and manufacturing of aggregates. The company caters mainly to the domestic market. The company's consolidated net profit tumbled to Rs 85.17 crore in Q2 FY25 from Rs 1.53 crore posted in Q2 FY24. Net sales declined 11.8% YoY to Rs 2,268.58 crore during the quarter. The counter rose 0.09% to settle at Rs 344.40 on 28 November 2024.Powered by Capital Market - Live

Nuvoco Vistas Corporation has incorporated a wholly owned subsidiary in the name of Vanya Corporation. The new company will carry on he business of manufacturing of cementitious products. Powered by Capital Market - Live

Net loss of Nuvoco Vistas Corporation reported to Rs 85.17 crore in the quarter ended September 2024 as against net profit of Rs 1.53 crore during the previous quarter ended September 2023. Sales declined 11.83% to Rs 2268.58 crore in the quarter ended September 2024 as against Rs 2572.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2268.582572.97 -12 OPM %9.6412.82 - PBDT97.65196.02 -50 PBT-117.64-29.61 -297 NP-85.171.53 PL Powered by Capital Market - Live

The results were announced post the conclusion of recently concluded auctions held by the Government of Rajasthan. These auctions were conducted via the MSTC e-auction portal. The auction saw participation from major cement players and other industries. The blocks cover 41.37 hectares, have limestone resources estimated at 28.43 million tons, and is located near the company's cement manufacturing facility in Nimbol, Rajasthan, which provides a strategic advantage. 'These blocks were secured at a highly competitive price compared to other cement players. By having access to these deposits, the company can ensure the long-term sustainability of its operations through increased limestone availability,' Nuvoco Vistas said in a statement. Jayakumar Krishnaswamy, managing director, Nuvoco Vistas Corp., said: 'By acquiring these limestone blocks, the company ensures access to high-quality resources to strengthen its operations. This strategic move will boost our production capabilities, allowing us to more effectively meet the increasing demands of the cement industry.' Nuvoco Vistas Corporation (NVC) is engaged in the business of manufacturing and sale of cement and ready mix (RMX) along with trading and manufacturing of aggregates. The company caters mainly to the domestic market. The company's net profit declined 80.36% to Rs 2.84 crore as sales fell by 6.02% to Rs 2636.48 crore in Q1 FY25 over Q1 FY24. The scrip rose 0.16% to currently trade at Rs 351.35 on the BSE. Powered by Capital Market - Live

Nuvoco Vistas Corp. will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live

Indraprastha Gas Ltd, Tata Motors Ltd, Jai Balaji Industries Ltd, Torrent Power Ltd are among the other stocks to see a surge in volumes on BSE today, 17 September 2024.Nuvoco Vistas Corporation Ltd notched up volume of 1.89 lakh shares by 10:46 IST on BSE, a 18.85 fold spurt over two-week average daily volume of 10005 shares. The stock rose 6.49% to Rs.373.55. Volumes stood at 3846 shares in the last session.Indraprastha Gas Ltd witnessed volume of 3.58 lakh shares by 10:46 IST on BSE, a 9.92 times surge over two-week average daily volume of 36083 shares. The stock increased 5.04% to Rs.557.10. Volumes stood at 37931 shares in the last session.Tata Motors Ltd registered volume of 48.37 lakh shares by 10:46 IST on BSE, a 7.66 fold spurt over two-week average daily volume of 6.31 lakh shares. The stock slipped 2.08% to Rs.967.60. Volumes stood at 5.77 lakh shares in the last session.Jai Balaji Industries Ltd saw volume of 31611 shares by 10:46 IST on BSE, a 4.51 fold spurt over two-week average daily volume of 7002 shares. The stock increased 4.78% to Rs.1,139.00. Volumes stood at 14174 shares in the last session.Torrent Power Ltd recorded volume of 66536 shares by 10:46 IST on BSE, a 3.63 times surge over two-week average daily volume of 18342 shares. The stock gained 1.81% to Rs.1,812.45. Volumes stood at 19649 shares in the last session.Powered by Capital Market - Live