Nuvoco Vistas Corporation saw its shares plummet over 2% after reporting weak Q2 FY25 results. The company’s EBITDA fell by 34%, while its EBITDA margin decreased by 320 basis points year-on-year (YoY). The company also posted a net loss of ₹85.17 crore for the quarter ended September 2024, in contrast to a net profit of ₹1.53 crore in the same quarter last year.
Sales for the quarter declined by 11.83% to ₹2,268.58 crore, compared to ₹2,572.97 crore in Q2 FY24. Operational challenges and cost pressures have weighed heavily on the company’s financials.
As of 9:46 am, Nuvoco Vistas shares were trading 1.53% lower at ₹335.20 on NSE.
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