Nuvoco Vistas Corp. Ltd., a leading building materials company has announced its audited financial results for the quarter and year ended March 31, 2022. Nuvoco Vistas is the fifth-largest cement company in India, in terms of capacity, with a combined installed capacity of over 23 MTPA.
The consolidated cement sales volume for the Company improved by 31%QoQ to 5.5 MnT in Q4 FY22. Consolidated revenue from operations during the same period improved by 35%QoQ to Rs.2,930 crores while consolidated EBITDA increased by 83%QoQ to Rs.440 crores.
Consolidated revenue from operations improved by 24%YoY to Rs.9,318 crores for the year ended March 31, 2022. Consolidated EBITDA and PAT during FY22 stood at Rs.1,539 crores and Rs.32 crores respectively. Consolidated net debt of the Company declined by Rs.431 crores in Q4 FY22 and Rs.1,666 crores in FY22 to Rs.5,064 crores.
The Company stays committed to its sustainability initiatives by mainly focusing on increasing the consumption of alternative fuel, healthy share of blended cement, and conserving natural resources through efficient Waste Heat Recovery systems, making a positive impact on the environment and maximizing the value creation for its stakeholders. The Company’s Chittor Cement plant established an Alternate Fuel Rate (AFR) capability of up to 23% in FY22 which furthers its contribution to the circular economy. As India's long-term growth drivers remain intact, the Company is well-positioned for growth to build a safer, smarter and sustainable world.