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Nuvoco Vistas Q3 Review — Dolat Capital Maintains 'Reduce' On The Stock; Revises Target Price; Here's Why
Post Vadraj acquisition and consequent cash outflow in FY26E/FY27E, the brokerage factors Nuvoco Vistas' net debt to increase by Rs 11.1 billion in FY26-27E.
22 Jan 2025, 11:15 PM IST 
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Nuvoco Vistas’ Q3 FY25 results were below estimates, although volume came marginally above estimates.
(Source Vijay Sartape/ NDTV Profit)
Higher than estimates volume (+16.0% YoY/+10.3% QoQ to 4.7 million tonne), lower than estimated realization/tn (-14.5% YoY/-3.4% QoQ to Rs 4,640) and lower than estimated cost/tn (-7.8% YoY/-4.8% QoQ to Rs 4,611) resulted in Ebitda/tn of Rs 554.
