Nuvoco Vistas Corporation Q3 FY24 results: profit at ₹31.03Cr, Revenue decreased by 7.05% YoY
Nuvoco Vistas Corporation Q3 FY24 results: Revenue decreased by 7.05% YoY & profit at ₹31.03Cr
Nuvoco Vistas Corporation declared their Q3 FY24 results on 29 Jan, 2024. The topline decreased by 7.05% & the profit came at ₹31.03cr. It is noteworthy that Nuvoco Vistas Corporation had declared a loss of ₹75.29cr in the previous fiscal year same period.
As compared to the previous quarter, the revenue declined by 5.91%.
The Selling, general & administrative expenses declined by 6.7% q-o-q & decreased by 2.66% Y-o-Y.
The operating income was up by 71.74% q-o-q & increased by 525.56% Y-o-Y.
The EPS is ₹0.87 for Q3 FY24, which increased by 141.23% Y-o-Y.
Nuvoco Vistas Corporation has delivered a 3.45% return in the last 1 week, -1.55% return in the last 6 months, and -7.12% YTD return.
Currently, Nuvoco Vistas Corporation has a market cap of ₹12687.97 Cr and a 52wk high/low of ₹398 & ₹288 respectively.
As of 01 Feb, 2024, out of 16 analysts covering the company, 2 analysts have given a Sell rating, 4 analysts have given a Hold rating, 4 analysts have given a Buy rating, and 7 analysts have given a Strong Buy rating.
The consensus recommendation as of 01 Feb, 2024, was to Buy.
Nuvoco Vistas Corporation Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2420.98 | 2572.97 | -5.91% | 2604.59 | -7.05% |
| Selling/ General/ Admin Expenses Total | 797.13 | 854.35 | -6.7% | 818.92 | -2.66% |
| Depreciation/ Amortization | 231.25 | 225.63 | +2.49% | 239.67 | -3.51% |
| Total Operating Expense | 2241.82 | 2468.65 | -9.19% | 2575.95 | -12.97% |
| Operating Income | 179.16 | 104.32 | +71.74% | 28.64 | +525.56% |
| Net Income Before Taxes | 56.82 | -29.61 | +291.89% | -100.7 | +156.43% |
| Net Income | 31.03 | 1.53 | +1928.1% | -75.29 | +141.21% |
| Diluted Normalized EPS | 0.87 | 0.04 | +2075% | -2.11 | +141.23% |
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