Cement Firms

Cement firms' Q4 volumes grow, but realisations decline amid weak pricing

According to analysts, the consolidation in India's cement sector and the weak demand have put pressure on the pricing environment

JK Cement acquires 60% stake in J&K-based Saifco Cements for Rs 150 cr

JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group firm as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a step towards regional economic empowerment, according to a joint statement. As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco. "The investment of Rs 149.81 crore would be paid to the existing promoters of Saifco and also to Saifco for acquisition of 60 per cent equity capital of Saifco," it said. Following this, Saifco Cements has become a subsidiary of JK Cement with immediate effect. Moreover, the "board of the Saifco shall be re-constituted and three persons nominated by the company will be appointed as additional directors on the board of Saifco .

Value strategy paying off for Shree Cement, but stock may be fully priced

In FY25, revenue was down 8 per cent, while EBITDA was down 12 per cent and PAT was down 51 per cent YoY. Volumes were flat YoY

Birla Corp shares see best day in 5 years as stock rallies 20%; here's why

Birla Corp.'s stock rose as much as 20 per cent during the day to an upper circuit of ₹1,268.8 per share, the biggest intraday gain since May 26, 2020

Nuvoco Vistas Corp Q4FY25 results: Net profit jumps 65%, revenue up 3.7%

The profit stood at ₹165.54 crore, driven by a 40 per cent share of premium products in the company's trade sales

The price of building India: Why cement remains in the 28% GST slab

Cement contributes significantly to the government exchequer not just due to its high tax rate, but also because credit availment is blocked and restricted under the statute

India Cements Q4 results: Net profit at Rs 14.68 cr, revenue dips 3.1%

The India Cements Ltd, now an Aditya Birla Group firm, on Saturday reported a consolidated net profit of Rs 14.68 crore for the quarter ended in March 2025. It had reported a net loss of Rs 60.55 crore in the January-March period a year ago, according to a BSE filing. However, its revenue from operations was down 3.11 per cent to Rs 1,197.30 crore in the March quarter of FY25. This was at Rs 1,235.74 crore in the corresponding quarter last fiscal. Total expenses of India Cements were at Rs 1,313.2 crore, down marginally in the March quarter. Total income, which includes other income, declined by 2.52 per cent to Rs 1,255.66 crore in the March quarter. For the financial year ended on March 31, 2025, India Cements reported narrowing of its net loss to Rs 143.88 crore from Rs 227.34 crore in FY'24. Total income was at Rs 4,357.41 crore in FY2, down 13.81 per cent compared to the previous year. UltraTech Cements, the country's leading cement maker, in December last year acquired the

Cement firm ACC's net profit falls 20% to Rs 751 cr in Q4, revenue up 12.7%

The company's total expenses for the quarter stood at Rs 5,514.82 crore, up 13.11 per cent Y-o-Y

Q3 results preview: Cement firms' earnings, profitability likely to decline

Pricing weakness to chip away at earnings: Single-digit demand growth, realisations to dip

Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%

The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December

Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand

Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter

Shree Cement Q2FY25 results: Net profit falls 83% to Rs 76.64 crore

Bangur family-promoted Shree Cement Ltd on Monday reported 82.83 per cent decline in consolidated net profit at Rs 76.64 crore for September quarter FY25 as it faced challenging demand conditions on account of prolonged monsoon and lower price in the segment. The company had logged a net profit of Rs 446.62 crore in the July-September period a year ago, according to a regulatory filing from Shree Cement Ltd (SCL). Revenue from operations was down 15.07 per cent year-on-year to Rs 4,054.17 crore during the quarter. Like other cement makers, SCL also faced "challenging demand conditions on account of prolonged monsoon and softer prices faced by the industry," the company said in its earning statement. EBITDA stood at Rs 593 crore against Rs 870 crore in the corresponding quarter of the previous year. Total expense was at Rs 4,212.27 crore, down 3.52 per cent from the year-ago period. Total sale volumes came down by 7 per cent to 7.60 million tonne as against 8.20 million tonne. Tot

UltraTech shares muted ahead of Q2 results; Revenue to fall, say analysts

Analysts tracking the cement sector say that subdued economic activity in the first quarter is likely to weigh on sector leader UltraTech Cement's numbers, which reports its Q2 results today

JK Cement Q1 result: PAT surges 67% to Rs 184.82 cr, revenue edges 1.62%

JK Cement Ltd on Saturday reported a 67 per cent increase in its consolidated net profit to Rs 184.82 crore for the first quarter ended June 2024. The company had posted a profit of Rs 110.73 crore in the year-ago period, according to a regulatory filing from JK Cement. Its revenue from operations edged up 1.62 per cent at Rs 2,807.57 crore during the quarter under review. It was Rs 2,762.63 crore a year ago. JK Cement's total expenses stood flat at Rs 2,579.14 crore in the June quarter. The total income of JK Cement was Rs 2,852.31 crore, up 2.07 per cent, in Q1 FY25.

India Cements deal will lead to further consolidation in cement sector

Cement major's domestic market share will increase by 2.3% after takeover

Adani Group may merge all cement assets under single entity: Jefferies

Executives from Adani Cement told Jefferies they are exploring plans for consolidating all cement companies in the medium term

UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results

The shares, on Tuesday, jumped over 2.38 per cent to hit an intraday high of Rs 10,200 apiece, following the result announcement

India Inc capital expenditure story gets cement to semiconductor push

The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others

Cement sales growth in Q3 subdued at 3-4%, say industry executives

Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in Bihar, Jharkhand

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale

The Bombay High Court ordered the winding up of Vadraj Cement in August 2018, leading to the decision to sell the company under the IBC process