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HomeNewsTop NewsNUVOCO Vistas Announces its Financial Results for Q3 FY25

NUVOCO Vistas Announces its Financial Results for Q3 FY25

- Sales volume grew by 16% YoY to 4.7 MMT- Consolidated revenue from operations stood at Rs. 2,409 crores- Consolidated EBITDA for the quarter stood at Rs. 258 crores

 Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced  its unaudited financial results for the quarter ended December 31, 2024. With 25 MMTPAof combined installed capacity, Nuvoco Vistas Corp. Ltd. is the 5th largest cement group in India and amongst the leading cement players in East India. The company is on track to achieve 31MMTPA cement capacity1 by Q3 FY27 after emerging as the Successful Resolution Applicant for Vadraj Cement Limited (VCL). A Letter of Intent has already been issued. The VCL facility comprises of 3.5 MMTPAclinker unit in Kutch and a 6 MMTPA grinding unit in Surat and reflects the company’s drive for growth and diversification.

The company’s consolidated cement sales volume registered a strong growth of 16% YoY to 4.7 MMT in Q3 FY25. Consolidated revenue from operations stood at Rs. 2,409 crores during the same period. Consolidated EBITDA for the quarter stood at Rs. 258 crores.

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, the Company undertook several initiatives to drive strong volume growth duringthe quarter.  While cement prices remained muted  for majority part of the quarter, they recovered toward the end. Meanwhile,  the Company  has continued to  focus on operational excellence.  The Company 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.

In the RMX business, “Concreto Uno Concrete”, launched during the year, is seeing volume traction across regions. The MBM business introduced “Tile Adhesive T5”, “Tile Glitter” and “Tile Bonder” under the brand ZERO M to strengthen the product portfolio.

The company continues to strengthen its commitment to sustainability with lowest carbon emissions in the industry, with 457 kg CO2 per ton2 of cementitious materials.

Commenting on the company’s performance, Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, “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 geo- mix, 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.”

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