Nuvoco Vistas Ltd. reported consolidated volumes of INR4.0mnt in Q3FY24, down 10.7% sequentially and YoY. The decline was influenced by subdued demand in key markets like West Bengal, Bihar, and Jharkhand in the eastern region, attributed to ongoing elections and fiscal challenges. The consolidated revenue for Q3FY24 amounted to INR24,210mn, down 5.9% QoQ and 7.0% YoY, primarily due to lower volume growth. During the quarter, EBITDA/t reached INR 1,021/t, up 39.2% QoQ and 71.2% YoY. This boos...
Neutral Nuvoco Vistas Corporation Ltd For Target Rs. 370 - Choice Broking Ltd