Cement & Cement Products company Nuvoco Vistas Corporation announced Q2FY25 results Consolidated revenue from operation stood at Rs 2,269 crore. Consolidated EBITDA stood at Rs 229 crore. Union Budget for FY25 has earmarked approximately Rs 11.11 lakh crore for infrastructure investments, the pace of on-ground execution is yet to see significant pick-up. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp., said: “Industry has been facing significant headwinds in recent times, including weak demand coupled with pricing pressure. The timing and pace of demand recovery rests upon on-ground execution of infrastructure and housing projects including those under PMAY and Purvodaya schemes. Moreover, sustainability of price improvements is contingent upon sustained demand growth. Nuvoco is navigating these volatilities with resilience by prioritizing premiumization, geo-optimization, brand strength, and operational excellence.” Result PDF
Cement & Cement Products company Nuvoco Vistas Corporation announced Q1FY25 results: Financial Highlights: Consolidated revenue from operation stood at Rs 2,636 crore Consolidated EBITDA stood at Rs 348 crore The Company's consolidated cement sales volume stood at 4.8 MMT in Q1 FY25. Consolidated revenue from operations stood at Rs 2,636 crore, during the same period. Consolidated EBITDA for the quarter stood at Rs 348 crore. Commenting on the performance of the Company, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp., stated, “The Company navigated the quarter marked by soft demand, primarily due to elections, weather-related factors, and continued pressure on pricing. Despite these challenges, the focus remained on strategic priorities such as value optimization, cost optimization, and operational efficiency. The Company has reached the lowest blended fuel cost in the last 11 quarters at Rs 1.57/ Mcal. The SAP unification program was successfully completed in line with the Company’s digital transformation journey, enabling us to streamline processes across the organization. Additionally, railway siding projects in Odisha and Sonadih are at an advanced stage of completion, which will further improve efficiency and profitability. He further added, “Looking ahead, the timing and pace of demand recovery will depend on the onground execution of infrastructure and housing projects. In the near term, headwinds primarily stem from the demand-supply imbalance and continued pricing pressure. To address these challenges, the Company will continue to focus on value optimization, premiumization, geo-optimization, brand strengthening, along with a strong emphasis on cost optimization.” Result PDF