Nuvoco Vistas Corporation’s consolidated net profit for the first quarter (Q1) of the current fiscal came at Rs 114.28 crore. The company’s consolidated (including NU Vista Limited) revenue from operations stood at Rs 2,202.97 crores for the quarter ending June 30, 2021. 

Nuvoco’s Consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) came at Rs 519.88 crore with an EBITDA margin reported at 24 per cent. The company said that its consolidated figures are not comparable on a year-on-year (YoY) basis as the acquisition of NU Vista Limited took place on July 14, 2020.

Commenting on the results, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., said, “Despite the countrywide lockdown, the Company achieved exceptional volume growth in the quarter ended June 30, 2021. With a thrust on innovation and premium products, leveraging synergy benefits between Nuvoco and NU Vista, as well as a strong focus on cost efficiencies contributed to an overall improvement in the consolidated EBITDA margin of 24 per cent.”

Nuvoco Vistas shares got listed on the Indian stock exchanges last month at a discount to its issue price of Rs 570 apiece. The cement stock currently trades at around  Rs 573 per share. Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 22.32 million metric tonnes per annum (MMTPA). It has 11 cement plants comprising five integrated units, five grinding units, and one blending unit. It operates cement manufacturing units in Chhattisgarh, Jharkhand, West Bengal, Rajasthan, and Haryana.