Cement and Construction company Nuvoco Vista Corporation announced Q3 results: The consolidated revenue from operations for the Company improved by 17%YoY to Rs.6,388 crores for nine months ended December 31, 2021 Consolidated EBITDA in 9M FY22 increased by 3%YoY to Rs.1,102 crores Consolidated net debt of the Company in 9M FY22 declined by Rs.1,235 crores to Rs.5,495 crores. Consolidated revenue from operations for the Company stood at Rs.2,165 crores for the quarter ended December 31, 2021; consolidated EBITDA was Rs.242 crores. Commenting on the financial results, Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd. said, “The quarter has been extremely difficult for the entire industry. Eastern parts of India were furthermore impacted by the number of unprecedented factors like prolonged monsoon and sand unavailability. In addition to weak demand, the inflated fuel cost severely impacted the earnings of the Company. In these challenging times, our continued focus on internal levers targeting towards price acceleration and cost optimization helped us to deliver a healthy incremental EBITDA during 9M FY22 on YoY basis.” He also added, “Amidst these pressures, the Company stayed committed to its sustainability goals. We stayed focused on - composite cement, green concrete, and usage of alternate fuel technologies. Our composite cement volumes rose multifold during the quarter. While the Alternate Fuel Rate (AFR) for the Company increased by 200 bps, our Chittor cement plant was able to achieve an AFR of 20% during the quarter.” Result PDF
Highlights: The Consolidated Revenue from operations stood at Rs. 2020 Crores for the quarter ended September 30, 2021 EBITDA at Rs. 338 Crores Consolidated EBITDA margin at 17% Result PDF
Conference Call with Nuvoco Vistas Corporation Management and Analysts on Q1FY22 Performance and Outlook. Listen to the full earnings transcript.