Nuvoco Vistas Corp Q2 profit jumps 78% to Rs 65 crore on strong revenue

What happened: Nuvoco Vistas Corp reported a 78% year-on-year rise in consolidated profit to Rs 65 crore for the September quarter, with revenue up over 13% to Rs 2,790 crore. Key numbers: Profit Rs 65 crore, up 78% YoY. Revenue Rs 2,790 crore, up over 13%. Cement sales 4.7 million tonnes, up 9% YoY. Why it matters: The company expects cement demand to rise after the monsoon season, supported by upcoming government-led capex. Coverage: 5 outlets in 24h

Nuvoco Vistas Corp reported a 78% year-on-year rise in consolidated profit to Rs 65 crore for the September quarter, with revenue up over 13% to Rs 2,790 crore.

The company expects cement demand to rise after the monsoon season, supported by upcoming government-led capex.