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Nuvoco Vistas Corporation hosted a conference call on October 24, 2024.
In the conference call the company was represented by Mr Jayakumar Krishnaswamy-MD,
Ms Madhumita Basu- Chief Strategy and Marketing officer and Mr Maneesh Agrawal-CFO.
Key takeaways of the call
The macro environment remains challenging, characterized by sluggish
demand and pricing pressure. While the Union Budget for FY25 has earmarked
approximately Rs. 11.11 lakh crores for infrastructure investments, the pace of
on-ground execution is yet to see significant pick-up. Additionally, intense
and prolonged monsoon conditions during Q2 FY25 have impacted construction
activities across various sectors.
Consolidated revenue from operations stood at Rs. 2,269 crores during
Q2FY2025. Consolidated EBITDA for the quarter stood at Rs. 229 crores.
Volume declined by 5% YoY to 4.2 million tonnes due to subdued
macroeconomic environment. Subdued macro environment no...
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