Nuvoco Vistas Q3 Results: Net loss widens, revenue too declines YoY to Rs 2,409 crore

Nuvoco Vistas Corporation reported its financial results for Q3FY25, showing a decline in revenue and a widening net loss compared to the same quarter last year (Q3FY24).

Key Financial Metrics:

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•Revenue from Operations: ₹2,409.36 crore, down 0.5% YoY from ₹2,420.96 crore in Q3FY24.

•Net Loss: ₹61.37 crore compared to a net profit of ₹31.03 crore in Q3FY24, indicating a significant deterioration in the bottom line.

Segment Performance:

1.Cement:

•Revenue from the cement segment stood at ₹2,184.24 crore, a marginal growth compared to ₹2,201.34 crore in Q3FY24.

•Segment results (profit) for cement were ₹41.90 crore, significantly lower than ₹178.82 crore in the same period last year.

2.Ready Mix Concrete and Others:

•Revenue grew slightly to ₹244.85 crore in Q3FY25 compared to ₹238.76 crore in Q3FY24.

•However, the segment posted a loss of ₹1.03 crore versus a minor profit of ₹0.51 crore last year.

Factors Impacting Performance:

•The decline in profitability was driven by elevated costs across materials, logistics, and operations, despite steady revenues.

•Finance costs remained a burden at ₹125.74 crore in Q3FY25 compared to ₹133.23 crore in Q3FY24, reflecting ongoing debt pressures.