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Nuvoco Vistas Corporation Ltd Q1FY24; 30% fall in Profits

Nuvoco Vista Corporation Ltd (NVCL), is one of the largest cement companies and concrete manufacturers in India with a consolidated capacity of 22.32 MMTPA. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.

Financial Results:

Nuvoco Vistas Corporation Ltd reported Revenues for Q1FY24 of ₹2,806.00 Crores up from ₹2,652.00 Crore year on year, a rise of 5.81%.

Total Expenses for Q1FY24 of ₹2,792.00 Crores up from ₹2,633.00 Crores year on year, a rise of 6.04%.

Consolidated Net Profit of ₹14.00 Crores down 30.0% from ₹20.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.40, down 29.82% from ₹0.57 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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