Nuvoco Vistas Corporation Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 30, 2024 at 10:03 am EDT
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Nuvoco Vistas Corporation Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 29,334.4 million compared to INR 29,285 million a year ago. Revenue was INR 29,406.1 million compared to INR 29,309.6 million a year ago. Net income was INR 1,003.5 million compared to INR 2,010.6 million a year ago. Basic earnings per share from continuing operations was INR 2.81 compared to INR 5.63 a year ago. Diluted earnings per share from continuing operations was INR 2.81 compared to INR 5.63 a year ago.
For the full year, sales was INR 107,328.9 million compared to INR 105,861.7 million a year ago. Revenue was INR 107,663.8 million compared to INR 105,993.8 million a year ago. Net income was INR 1,473.7 million compared to INR 158.6 million a year ago. Basic earnings per share from continuing operations was INR 4.13 compared to INR 0.44 a year ago. Diluted earnings per share from continuing operations was INR 4.13 compared to INR 0.44 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.
NUVOCO VISTAS CORPORATION LIMITED 
