InvestorQ : How did you find the latest quarterly results of Nuvoco Vistas?
Arti Chavan made post

How did you find the latest quarterly results of Nuvoco Vistas?

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Rutuja Nigam answered.
3 months ago
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The recent IPO issuer, Nuvoco Vistas has announced its June quarter results. This cement manufacturer belonging to the Nirma group of Ahmedabad, reported consolidated net profits of Rs.114.28 crore for the Jun-21 quarter. This compares favourably with the net loss reported in the year ending FY21. For the Jun-21 quarter, the total revenues of Nuvoco Vistas stood at Rs.2,203 crore.

The redeeming feature of the numbers were the robust EBITDA margins of 24% in the June quarter. It may be recollected that Nuvoco Vistas had just listed in August 2021 and had a disappointing listing on the bourses. The investors response was tepid with subscription of just 1.71 times. Nuvoco Vistas operates cement units predominantly in East India and is the 5th largest cement manufacturer India in terms of installed capacity.

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