While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.
Shares of cement firm Dalmia Bharat slipped up to 4.66 per cent at Rs 1,764.05 per share on the BSE in Monday's intraday deals
Cement maker Dalmia Bharat Ltd on Saturday reported a decline of 60.16 per cent in consolidated net profit to Rs 49 crore for the September quarter on account of decline in cement prices. The company had posted a net profit of Rs 123 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. Its revenue from operations was also down 2.09 per cent to Rs 3,087 crore during the quarter under review. It was at Rs 3,153 crore in the corresponding period of the previous fiscal year. Dalmia Bharat's total expenses were at Rs 3,087, marginally up in the September quarter. However, sales volume was up 14.1 per cent to 6.7 million tonnes (MT) in the second quarter of the ongoing fiscal year. Total income of the Dalmia family-promoted cement firm was also down 2.28 per cent to Rs 3,160 crore. "We delivered a strong volume growth of 8.4 per cent year-on-year in Q2 FY25. However, the continuous & unprecedented softness in cement prices resulted in revenue declining 2.1 per cent
sugar mills and distilleries can produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses, as well as C-Heavy molasses, during ESY2024-25 as per their agreements with oil marketing companies
The company, which supplies sugar to companies like Coca-Cola, Britannia, Dabur, and Carlsberg, reported consolidated net profit of Rs 54.73 crore ($6.5 million), compared to Rs 61.34 crore year ago
Earnings before interest, taxation, depreciation and amortisation (Ebitda), the company said, increased 9.2 per cent to Rs 669 crore.
During early June, the Triveni Engineering stock prices surged notably from Rs 300 to Rs 400. However, following this spike, prices entered a consolidation phase attributed to overbought conditions
Dalmia Bharat shares surged by 2.93 per cent at Rs 1,862.10 per share on the Bombay Stock Exchange (BSE) in Monday's intraday deals
After peaking near the 2060 mark on 04-04-2024, Dalmia Bharat experienced a significant downturn, with a decline of approximately 360 points, equating to roughly 17-18 per cent
Dalmia Bharat stock update: Dalmia Bharat stock tumbled in Thursday's trade after the company reported a 50 per cent drop in Q4 net profit on a YoY basis.
Cement makers usually report strong sales volumes in the March quarter as they lower prices to clear year-end inventory backlogs
The deal, since inception, has been riddled with concerns, which possibly prompted Dalmia Cement to execute it in three parts
Shares of JK Cement, Dalmia Bharat, Ambuja Cement, and ACC, for instance, have lost in the range of 5 per cent to 8 per cent during the period, ACE Equity data shows
Sales volumes for the quarter under review was at 6.8 million tonnes (mt), up 8.1 percent from a year ago
Himadri stated that the Kolkata bench of NCLT had given a 'verbal' approval of the insolvency resolution plan of Birla Tyres
Significant optimism has returned to the sugar sector due to seasonal factors (festival period), and growing concerns on India's sugar production estimate for the upcoming season
Sugar prices rose to a six-year high on Tuesday, amid concerns over a deficient monsoon.
The company met street expectations on revenue but missed the profit guidance
Stocks to watch on June 12, 2023: Indiabulls Housing Finance, Indian Energy Exchange (IEX) and India Cements are the three stocks in F&O ban period on Monday.
Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia