With the monsoon still two months away, cement companies stand to benefit from this seasonally strong period.
Cement maker Dalmia Bharat Ltd on Wednesday reported a 37.18 per cent increase in its consolidated net profit to Rs 439 crore for the last quarter of 2024-25, helped by cost efficiency measures. The company had posted a net profit of Rs 320 crore in the January-March quarter a year ago, according to a regulatory filing. Its revenue from operations was down 5 per cent to Rs 4,091 crore during the quarter under review from Rs 4,307 crore in the year-ago quarter on account of decline in sales volume and softening prices. In the March quarter, Dalmia Bharat's sales volume increased 2.8 per cent to 8.6 million tonnes (MT). Commenting on the results, Chief Financial Officer Dharmender Tuteja said: "Our cement volumes declined by 3 per cent YoY in Q4, primarily due to the discontinuation of JP tolling volumes." "Revenue from operations declined by 5 per cent YoY to Rs 4,091 Cr, reflecting the continued softness in cement prices. However, our EBITDA grew by 21% YoY to Rs 793 crore during
Trent is seen testing its 20-month moving average after 10 years, and Pidilite after 15 years; technical charts suggest a pullback in these 5 stocks as long as key support levels are respected.
Dalmia Bharat shares: Dalmia Bharat aims to establish a clinker unit and a grinding unit at its Belgaum, Karnataka plant, along with setting up a greenfield split grinding unit in Pune Maharashtra
Cement maker Dalmia Bharat on Friday announced to invest approximately Rs 3,520 crore in Maharashtra and Karnataka to add 6 MnTPA Cement Capacity. The company, through its subsidiaries, will establish a 3.6 MnTPA (million tonnes per annum) clinker unit and a 3 million tonnes per annum (MnTPA) grinding unit at its existing Belgaum plant in Karnataka. It will also set up a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune, Maharashtra. "The capex will be funded through a combination of debt and internal accruals," the company said in a statement. With the expansion, Dalmia Bharat's total installed cement capacity will increase to 55.5 MnTPA, after considering the ongoing expansion of 2.9 MnT in Assam and Bihar. "These new units are expected to be commissioned by Q4 FY27," it said, adding that this increased capacity will primarily help to meet growing demand in Western India, along with existing regions. The Belgaum Grinding unit will cater to Southern Maharasht
Lower sales volumes, weak realisations impact earnings
Consolidated net profit for the October-December period slumped 77 per cent on-year to Rs 61 crore ($7.05 million) and revenue fell 12 per cent to Rs 3,181 crore
Triveni Engineering & Industries shares were up 3.35 per cent, EID Parry was up 3.16 per cent, and Balrampur Chini Mills shares were up 1.58 per cent
Nomura analysts project a 6 per cent year-on-year (Y-o-Y) volume growth for the Indian cement industry in FY26F, compared to an estimated 3 per cent in FY25F
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
Broader indices have outperformed the Sensex and Nifty amid the recent market recovery, rallying up to 12% from November lows. These 5 mid-, small-cap stocks could swing up to 19% from present levels.
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