Nuvoco Vistas Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 29, 2024 at 08:30 am EST
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Nuvoco Vistas Corporation Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 24,209.8 million compared to INR 26,045.9 million a year ago. Revenue was INR 24,318.7 million compared to INR 26,087.6 million a year ago. Net income was INR 310.3 million compared to net loss of INR 752.9 million a year ago. Basic earnings per share from continuing operations was INR 0.87 compared to basic loss per share from continuing operations of INR 2.11 a year ago. Diluted earnings per share from continuing operations was INR 0.87 compared to diluted loss per share from continuing operations of INR 2.11 a year ago.
For the nine months, sales was INR 77,994.5 million compared to INR 76,576.7 million a year ago. Revenue was INR 78,257.7 million compared to INR 76,684.2 million a year ago. Net income was INR 470.2 million compared to net loss of INR 1,852 million a year ago. Basic earnings per share from continuing operations was INR 1.32 compared to basic loss per share from continuing operations of INR 5.19 a year ago. Diluted earnings per share from continuing operations was INR 1.32 compared to diluted loss per share from continuing operations of INR 5.19 a year ago.
Nuvoco Vistas Corporation Limited is an India-based cement manufacturing company. The Company is engaged in the business of manufacturing and sale of cement and building material products. Its businesses comprise cement, ready-mix concrete (RMX) and modern building materials (MBM). The Company has a range of over 60 products that meet the needs of individual home builders and institutional infrastructure development. Its cement product portfolio includes Ordinary Portland Cement, Portland Slag Cement, Portland Pozzolana Cement and Portland Composite Cement. Its RMX products are suited for varied purposes, from the supply of commercial concrete to the onsite delivery of ready-mix concrete for individual home builders. Its MBM business includes a suite of products comprising a range of construction chemicals, such as multipurpose bonding and waterproofing agents and tile adhesive. Its brands include Concreto, Duraguard, DoubleBull, Infracem, Artiste, InstaMix, X-Con, Ecodure and Zero M.