Nuvoco Vistas Corporation shares plummeted 5% after the company reported a weak Q3FY25 performance with declining revenue and a widening net loss compared to the previous year. Here are the key highlights:
Key Financial Metrics
- Revenue from Operations: ₹2,409.36 crore
- Down 0.5% YoY from ₹2,420.96 crore in Q3FY24.
- Net Loss: ₹61.37 crore
- Significant decline from a net profit of ₹31.03 crore in Q3FY24.
Segment-Wise Performance
- Cement
- Revenue: ₹2,184.24 crore (vs. ₹2,201.34 crore YoY)
- Profit: ₹41.90 crore, down sharply from ₹178.82 crore in Q3FY24.
- Ready-Mix Concrete and Others
- Revenue: ₹244.85 crore (vs. ₹238.76 crore YoY)
- Loss: ₹1.03 crore (vs. a profit of ₹0.51 crore YoY).
Factors Affecting Results
- Elevated costs across materials, logistics, and operations eroded profitability despite steady revenue.
- Finance Costs: ₹125.74 crore in Q3FY25, reflecting ongoing debt pressures, though slightly improved from ₹133.23 crore in Q3FY24.
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