Summary

Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended December 31, 2024. The Company's consolidated cement sales volume registered a strong growth of 16% YoY to 4.7 MMT in Q3 FY25. Consolidated revenue from operations stood at Rs. 2,409 crores during the same period. Consolidated EBITDA for the quarter stood at Rs. 258 crores. The cement industry has witnessed a recovery following a challenging first half of FY25. The Company undertook several initiatives to drive strong volume growth during the quarter. While cement prices remained muted for majority part of the quarter, they recovered toward the end. The Company has achieved the lowest blended fuel cost in the last 13 quarters, at Rs. 1.45 per Mcal. Nuvoco's power & fuel cost continues to be amongst the lowest in the industry. The RMX business introduced 'Concreto Uno Concrete', and the MBM business introduced 'Tile Adhesive T5', 'Tile Glitter' and 'Tile Bonder' under the brand ZERO M to strengthen the product portfolio. The Company continues to strengthen its commitment to sustainability with lowest carbon emissions in the industry.

Key Highlights

1. 1

   Volume grew by 16% YoY to 4.7 MMT

2. 2

   Consolidated revenue from operation stood at Rs. 2,409 crores

3. 3

   Consolidated EBITDA stood at Rs. 258 crores

4. 4

   Achieved the lowest blended fuel cost in the last 13 quarters

5. 5

   Continues to strengthen its commitment to sustainability with lowest carbon emissions in the industry