Goal: ₹386
CMP: ₹353.45
Nuvoco Vistas has introduced its Q3FY25 outcomes, reporting one other substantial loss, regardless of the expansion in gross sales.
Q3FY25 consolidated revenues at ₹2,409.40 crore, (vs our est. ₹2,380.70 crore), was down 0.5 per cent y-o-y however up 6.2 per cent q-o-q. Consolidated EBITDA for Q3FY25 was reported at ₹258.20 crore, (vs est. ₹301.50 crore), down 37.1 per cent y-o-y and up 18.1 per cent q-o-q. EBITDA/t for Q3 got here at ₹549 (vs est. ₹701), down 46.2 per cent y-o-y and up 5.5 per cent q-o-q. PAT for Q3FY25 reported a lack of ₹61.30 crore, (vs est. ₹3.2 crore), vs 31 crore revenue recorded in Q3-FY24.
Nuvoco has efficiently secured the insolvency decision utility for the acquisition of Vadraj Cement. We anticipate that the corporate might want to increase funds to finish this acquisition, because it goals to take care of its web debt beneath ₹4,000 crore, in comparison with the present degree of ₹4,350 crore.
We revise our FY26/27 EPS estimates by -9.9/19 per cent and preserve the ranking to ‘Maintain’ with a revised TP of ₹386. The administration is optimistic about cement quantity development, forecasting a ten per cent enhance in FY26. Alongside this quantity development, cement costs are anticipated to proceed upward pattern, with additional worth hikes anticipated within the coming months.
