Nuvoco Vistas Corporation, a building materials company, has reported a dip of 50.09 per cent in its net profit after tax attributable to owners of the parent during the quarter ended March 31, 2024. Its profit after tax stood at Rs 100.35 crore in Q4 FY24 as against Rs 201.06 crore it registered 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 2,940.61 crore in Q4 FY24, a minor growth of 0.33 per cent Rs 2,930.96 crore it recorded in the similar quarter last year.As on March 31, 2024, its net worth stood at Rs 8,983.52 crore, debt-equity ratio was 0.46, total debts to total assets was 22.11%, current liability ratio was 42.18%, operating margin was 17.16% and net profit margin was 3.51%.
The company’s consolidated cement sales volume stood at 18.8 MMT in FY24. Consolidated revenue from
operations stood at Rs. 10,733 crore, during the same period.
It commissioned a 1.2 MMTPA grinding unit at Haryana Cement Plant, which has enhanced North share in the total company’s capacity from 20% to 24%.
The Alternate Fuel Rate (AFR mix) increased to 13% in FY24 from 9% in FY23. The company also increased its solar power capacity to 5.3 MW in FY24 from 1.5 MW in FY23.
