Nuvoco Vistas Corporation Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 06:54 am EDT
Share
Nuvoco Vistas Corporation Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 25,729.7 million compared to INR 24,006.2 million a year ago. Revenue was INR 25,789.2 million compared to INR 24,025.4 million a year ago. Net income was INR 15.3 million compared to net loss of INR 1,303.8 million a year ago. Basic earnings per share from continuing operations was INR 0.04 compared to basic loss per share from continuing operations of INR 3.65 a year ago. Diluted earnings per share from continuing operations was INR 0.04 compared to diluted loss per share from continuing operations of INR 3.65 a year ago.
For the six months, sales was INR 53,784.7 million compared to INR 50,530.8 million a year ago. Revenue was INR 53,939 million compared to INR 50,596.6 million a year ago. Net income was INR 159.9 million compared to net loss of INR 1,099.1 million a year ago. Basic earnings per share from continuing operations was INR 0.45 compared to basic loss per share from continuing operations of INR 3.08 a year ago. Diluted earnings per share from continuing operations was INR 0.45 compared to diluted loss per share from continuing operations of INR 3.08 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 
