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Nuvoco Vistas Corporation Ltd Q2FY24; 7% rise in Revenue

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 Q2FY24 of ₹2,572.97 Crores up from ₹2,400.62 Crore year on year, a rise of 7.18%.
  • Total Expenses for Q2FY24 of ₹2,608.53 Crores up from ₹2,572.36 Crores year on year, a rise of 1.41%.
  • Consolidated Net Profit of ₹1.53 Crores from -₹130.38 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.04, from -₹3.65 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.

Tags: Concrete
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