Nuvoco Vistas Q1 Review - Better Cost Efficiencies To Improve Margins: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Nuvoco Vistas Corporation Ltd.’s Q1 FY23 Ebitda at Rs 3.6 billion (down 30% YoY) was in line with our / consensus estimates. Total cost/tonne increased 22%/8% YoY/QoQ against 8%/7% YoY/QoQ rise in blended realisation YoY. This resulted in Ebitda/tonne falling 37% YoY while remaining flat QoQ at Rs 773/tonne (our estimate: Rs 756/tonne). Volumes were up 11% YoY as East and North saw double-digit YoY growth. While higher fuel prices are likely to impact profitability in Q2 FY23, we believe cost synergies from Emami Cement acquisition, higher premiumisation, improved cost efficiencies and likely lower fuel prices may drive Nuvoco Vistas' Ebitda/tonne back to more than Rs 1,000/tonne by FY24E. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nuvoco Vistas Q1 Review - Better Cost Efficiencies To Improve Margins: ICICI Securities

Nuvoco Vistas Q1 Review - Better Cost Efficiencies To Improve Margins: ICICI Securities

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