Nuvoco Vistas Corporation has reported net consolidated loss after tax of Rs 85.17 crore in the second quarter of the finacial year 2024-25. It had registered profit after tax of Rs 1.53 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 2,279.01 crore in Q2 FY25, a dip of 11.63 per cent from Rs 2,578.92 crore it recorded in the similar quarter last year.
Jayakumar Krishnaswamy, managing director of the company said, “Industry has been facing significant headwinds in recent times, including weak demand coupled with pricing pressure. Moreover, sustainability of price improvements is contingent upon sustained demand growth. Nuvoco is navigating these volatilities with resilience by prioritizing premiumization, geo-optimization, brand strength, and operational excellence.”As on September 30, 2024, its net worth stood at Rs 8,900.72 crore, debt-equity ratio in 0.52, current liability ratio was 43.77%, total debts to total assets was 24.71%, operating margin was 9.82% and net profit margin was -3.82%.
The company’s consolidated cement sales volume stood at 4.2 MMT in Q2 FY25. It has achieved the lowest blended fuel cost in the last 12 quarters, at Rs. 1.54 per Mcal.
