Nuvoco Vistas Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 07:17 am
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Nuvoco Vistas Corporation Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 26,045.9 million compared to INR 21,652.4 million a year ago. Revenue was INR 26,087.6 million compared to INR 21,797.1 million a year ago. Net loss was INR 752.9 million compared to INR 855.4 million a year ago. Basic loss per share from continuing operations was INR 2.11 compared to INR 2.4 a year ago. Diluted loss per share from continuing operations was INR 2.11 compared to INR 2.4 a year ago.
For the nine months, sales was INR 76,576.7 million compared to INR 63,878.5 million a year ago. Revenue was INR 76,684.2 million compared to INR 64,149.9 million a year ago. Net loss was INR 1,852 million compared to net income of INR 29.7 million a year ago. Basic loss per share from continuing operations was INR 5.19 compared to basic earnings per share from continuing operations of INR 0.09 a year ago. Diluted loss per share from continuing operations was INR 5.19 compared to diluted earnings per share from continuing operations of INR 0.09 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 
