Nuvoco Vistas Reports Significant Decline in Q3 FY24-25 Financial Metrics

Jan 22 2025 04:44 PM IST
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Nuvoco Vistas Corporation has announced its financial results for the third quarter of FY24-25, revealing a decline in key metrics. The company reported a Profit Before Tax of Rs -84.87 crore and a Profit After Tax of Rs -61.37 crore, alongside net sales of Rs 2,409.36 crore.
Nuvoco Vistas Corporation, a midcap player in the cement industry, has reported its financial results for the third quarter of FY24-25, declared on January 22, 2025. The results indicate a notable decline in key financial metrics. The Profit Before Tax (PBT) was recorded at Rs -84.87 crore, which contrasts sharply with the average PBT of Rs 16.57 crore over the previous four quarters. Similarly, the Profit After Tax (PAT) also reflected a significant downturn, reported at Rs -61.37 crore, compared to an average PAT of Rs 12.26 crore in prior quarters.

In terms of revenue, Nuvoco Vistas' net sales for the quarter amounted to Rs 2,409.36 crore, showing a shift from the average net sales of Rs 2,564.87 crore over the last four quarters. Despite these challenges, there has been an adjustment in evaluation, with the overall financial score for the company moving to -7 from -19 in the past three months. However, the near-term trends in profitability and sales continue to present challenges.

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