Nuvoco Vistas Corporation Reports Negative Financial Performance in Q1 FY25

Nuvoco Vistas Corporation, a midcap cement company, has recently announced its financial results for the quarter ending June 2024. The company has received a ‘Sell’ call from MarketsMOJO based on its negative financial performance in the quarter.

According to the financials, Nuvoco Vistas has seen a decline in its score from 4 to -9 in the last three months. However, there are some positive aspects to the company’s performance. The debt-equity ratio for the last five half-yearly periods has been the lowest at 0.49 times, indicating a reduction in borrowing compared to equity capital. Additionally, the debtors turnover ratio for the last five half-yearly periods has been the highest at 18.17 times, showing that the company has been able to settle its debtors faster.

On the other hand, there are some concerning factors in Nuvoco Vistas’ financials. The profit before tax (PBT) for the quarter has fallen by -98.7% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also seen a decline of -92.3% compared to the average PAT of the previous four quarters. Moreover, the non-operating income for the quarter is 88.80% of the PBT, indicating a high reliance on non-business activities.

Overall, Nuvoco Vistas Corporation has reported a negative financial performance for the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.