Page 2 - Cement Makers

Top listed cement companies' margins, profits lowest in a decade

The industry's combined quarterly earnings in Q2FY23 were the lowest since July-September 2013

Birla Corp posts Rs 56.4-crore net loss in Q2, appoints new MD & CEO

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

ACC reports net loss of Rs 87 cr for Sept qtr, revenue rises 6%

According to ACC, its EBITDA in the quarter 'stood at Rs 16 crore largely due to steep rise in fuel cost' as against Rs 712 crore earlier

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP

The combined cement capacity of these units will be 5 million tonnes per annum

Adani Group to become most profitable cement manufacturer: Gautam Adani

Days after completing a USD 6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in cement demand in India on the back of record-breaking economic growth and the government's infrastructure creation push, which will give significant margin expansion. In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country. Adani Group last week completed buyout of Swiss major Holcim's stake in the two firms. Calling the acquisition historic, he said this buyout is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of 4 months. "Our entry into this business is happening at a ..

Shree Cement Q1 net profit falls 56% to Rs 279 cr; revenue rises 21%

Shree Cement Ltd on Thursday reported a decline of 55.8 per cent in its consolidated net profit to Rs 278.86 crore for the first quarter ended June 30. The company had posted a net profit of Rs 630.89 crore in the April-June period a year ago, Shree Cement said in a BSE filing. However, its revenue from operations increased 21.45 per cent to Rs 4,414.85 crore during the quarter under review against Rs 3,634.83 crore in the corresponding period of the preceding fiscal. Its total expenses rose 36.71 per cent to Rs 4,019.11 crore in Q1 FY23 from Rs 2,939.88 crore. Shree Cement is the third largest cement-making firm, owning brands such as Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong. Shares of Shree Cement Ltd were trading at Rs 20,150 on BSE on Thursday, down 4.14 per cent from the previous close.

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

How Indian cement maker Ultratech bought Russian coal using yuan

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

Why are top Indian companies vying for Holcim's India assets Ambuja and ACC

The race is on to acquire Ambuja Cements and ACC. Why do India's leading firms want to buy Holcim's stake? And why did the Swiss company decide to quit India which contributes 27% of its global sales?

Dalmia Bharat profit down 6.10% to Rs 600 crore in fourth quarter

Cement maker Dalmia Bharat has reported 6.10 per cent decline in consolidated net profit at Rs 600 crore for the fourth quarter ended March 2022.

Cement maker ACC commissions 1.6-MTPA grinding unit at Tikaria in UP

Cement maker ACC Ltd on Tuesday announced the commissioning of a 1.6-MTPA grinding unit (GU) at Tikaria in Uttar Pradesh.

Dalmia Bharat second quarter profit down 10% to Rs 209 crore

Shares of Dalmia Bharat on Wednesday settled at Rs 1,960.45 apiece on BSE, up 1 per cent from the previous close

Larger cement companies better placed despite higher valuations

Investors appear to have paid heed to the negative aspects in the recent past

ACC shares jump over 7%; hit 52-wk high after earnings announcement

Shares of cement maker ACC Ltd zoomed over 7 per cent to its 52-week high after the company reported an over two-fold jump in consolidated net profit for the second quarter ended June 2021.

Net profit of big cement firms surges 29.6% in pandemic-hit FY21: Report

Pandemic-hit FY21 has turned out to be a good year for the big cement companies

Orient Cement surges 10%, hits 52-week high on strong Q4 results

The company's stellar performance is backed by a 17.1 per cent YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5 per cent YoY) in the company's key operating regions

Cement makers condemn builders' strike over input cost hike issue

Accuse builders of spreading misinformation among the public in order to further increase real estate prices, which are already at unaffordable levels

UltraTech Cement June quarter profit down 36 per cent to Rs 806 cr

The cement manufacturer said it achieved 60 per cent capacity utilisation in first 68 operating days since the national lockdown

Demand set to reach pre-Covid levels by Q3 or Q4 in some sectors

In others, it's too early to predict; while in some, once pent-up demand has been satisfied, it could fall again