Nuvoco Vistas’ net profit dips 80.36% in Q1 FY25, ET RealEstate
NEW DELHI: Nuvoco Vistas Corporation, a building materials company, has reported a dip of 80.36 per cent in its net consolidated profit during the quarter ended June 30, 2024. Its net profit after tax (attributable to owners of the parent) stood at Rs 2.84 crore in Q1 FY25 as against Rs 14.46 it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 2,641 crore in Q1 FY25, a dip of 6.18 per cent from Rs 2,814.98 crore it recorded in the similar quarter last year.
Jayakumar Krishnaswamy, managing director of the company said, “The company navigated the quarter marked by soft demand, primarily due to elections, weather-related factors, and continued pressure on pricing. It has reached the lowest blended fuel cost in the last 11 quarters at Rs 1.57/Mcal.”
As on June 30, 2024, the company’s net worth stood at Rs 8,986.27 crore, debt-equity ratio was 0.49, total debts to total assets was 23.46%, current liability ratio was 43.66%, operating margin was 13.25% and net profit margin was 0.11%.
The company’s consolidated cement sales volume stood at 4.8 MMT in Q1 FY25.
