Nuvoco Vistas Corporation Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Nuvoco Vistas Corporation Ltd reported a 5.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.9%.
- Its expenses for the quarter were up by 4.1% QoQ and 5.0% YoY.
- The net profit decreased 27.9% QoQ and decreased 297.8% YoY.
- The earnings per share (EPS) of Nuvoco Vistas Corporation Ltd declined at 1.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2409.52 | 2279.01 | 2431.87 | 5.7% | -0.9% |
Total Expenses | 2494.23 | 2396.65 | 2375.05 | 4.1% | 5.0% |
Profit Before Tax | -84.71 | -117.64 | 56.82 | -28.0% | -249.1% |
Tax | -23.34 | -32.47 | 25.79 | -28.1% | -190.5% |
Profit After Tax | -61.37 | -85.17 | 31.03 | -27.9% | -297.8% |
Earnings Per Share | -1.70 | -2.40 | 0.90 | -29.2% | -288.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Nuvoco Vistas Corporation Ltd is a leading name in the cement manufacturing industry in India. As part of the Nirma Group, the company has established itself as a significant player in the building materials sector, offering products such as cement, ready-mix concrete, and aggregates. With a strong presence in both the eastern and northern parts of India, Nuvoco Vistas has a comprehensive distribution network that enhances its market reach. The company has consistently focused on innovation and sustainable practices to address the growing infrastructure demands in the country. However, recent industry challenges and economic conditions have influenced its financial performance, as reflected in the quarterly financial data.
Revenue
For the third quarter of FY25, Nuvoco Vistas Corporation Ltd reported a total income of ₹2409.52 crores. This marks a 5.7% increase compared to the previous quarter (Q2FY25), where the total income was ₹2279.01 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is a slight decrease of 0.9% from ₹2431.87 crores. This indicates a relatively stable revenue stream over the year, despite minor fluctuations. The increase in quarter-over-quarter revenue suggests some recovery or positive momentum within the company's operations or market conditions during this period.
Profitability
Nuvoco Vistas Corporation Ltd's profitability metrics for Q3FY25 show notable challenges. The company recorded a loss before tax of ₹84.71 crores, which is an improvement from the loss of ₹117.64 crores in the previous quarter. However, this is a stark contrast to the profit before tax of ₹56.82 crores reported in Q3FY24. The profit after tax for Q3FY25 was a loss of ₹61.37 crores, reflecting a 27.9% improvement quarter-over-quarter from a loss of ₹85.17 crores in Q2FY25, yet a significant decline from a profit of ₹31.03 crores in the same quarter last year. Earnings per share also reflect this trend, with a negative value of ₹-1.70, compared to ₹-2.40 in Q2FY25 and ₹0.90 in Q3FY24.
Operating Metrics
Total expenses for Q3FY25 amounted to ₹2494.23 crores, indicating a 4.1% increase from Q2FY25's ₹2396.65 crores and a 5.0% increase year-over-year from ₹2375.05 crores in Q3FY24. This rise in expenses has impacted the company's overall profitability. The tax component for Q3FY25 was a negative ₹23.34 crores, showing a reduction in tax burden both quarter-over-quarter and year-over-year. The operational data suggests a focus on managing costs while addressing external economic pressures. The consistent rise in expenses relative to income highlights the current operational challenges faced by Nuvoco Vistas Corporation Ltd in maintaining cost efficiency amidst fluctuating market conditions.
