Nuvoco Vistas Corp. Ltd. (Nuvoco), a leading building materials company in India, announced its unaudited financial results for the quarter ending June 30, 2021. Nuvoco is the fifth largest cement manufacturing company in India and the largest in the East by capacity.
The consolidated revenue from operations of Nuvoco (including NU Vista Limited) stood at Rs. 2202.97 crore for the quarter ending June 30, 2021; consolidated EBITDA margin at 24% and consolidated PAT at Rs. 114.28 crore.
Commenting on the results, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd. said, “In spite of 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%.”
Consolidated figures are not comparable on a year-on-year basis as the acquisition of NU Vista Limited took place on July 14, 2020.