Page 4 - India Cements

India Cements Q2 net loss at Rs 113 cr, revenue up 7.46 pc to Rs 1,327 cr

India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022. The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing. Its revenue from operations was up 7.46 per cent to Rs 1,327.06 crore in the second quarter of this fiscal. The same stood at Rs 1,234.85 crore a year ago. The company's total expenses were at Rs 1,528.01 crore, up 27.16 per cent in the September quarter of FY23, as against Rs 1,201.61 crore a year ago. Shares of India Cements were trading at Rs 248.50 on BSE, up 1.02 per cent from the previous close.

India Cements looks to fortify base but future growth remains a question

ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a lower capacity utilisation of around 64%

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

India Cements to sell Springway Mining to JSW Cement; stock slips 6%

India Cements has sold its Madhya Pradesh limestone mine, and land to Sajjan Jindal-owned JSW Cement for Rs 477 crore

UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh

India Cements had indicated in its FY22 annual report that it had acquired 184.53 hectares of limestone-bearing land at Pawai Tehsil in Panna District of Madhya Pradesh.

Increased construction activity to balance cement demand: India Cements

The Centre and southern states were expected to retain their thrust in giving a push to housing and infrastructure projects leading to cement demand to remain on track, The India Cements Ltd Vice-Chairman and Managing Director N Srinivasan said on Thursday. Increased house building and construction activity in metros, semi-urban and urban centres would boost cement demand although cost pressure is expected to remain with higher cost of fuel, power tariff, he said. "As in the last two years, the good rainfall reported this year from South -West monsoon season augurs well for improved prospects of rural economy," he told the shareholders at the 76th annual general body meeting held through virtual mode. During 2021-22, he said a revival was witnessed in the construction sector which led to the cement demand picking up and it sustained due to increased infrastructure spending by the Centre and States. The industry suffered from steep increase in the cost of production due to ...

Cement stocks snap six-day losing streak; India Cements soars 10%

The higher demand will mitigate the impact of lower profitability on absolute operating profits and cash accruals of cement makers, cushioning their credit profiles, Crisil Research said

Cement stocks drop in a weak market; Ambuja, ACC, Nuvoco slide up to 9%

Despite of Wednesday's fall, most of the cement stocks have outperformed markets in the past one month, on consolidation hopes in the cement industry.

Driving the brand: Dhoni cements popularity further with CSK cement

CSK or Dhoni, if masons ask for cement by either 'brand', India Cements has clearly won the game

Consider buying India Cements, 3M India on dips, recommends Mehul Kothari

According to the technical analyst from Anand Rathi, India Cements can be bought closer to Rs 155 and 3M India should be bought near Rs 21,800.

RIL, Sun TV, India Cements: Are IPL franchisee stocks worth your money?

Reliance Industries' chart seems to predict 14% upside

India Cements posts net loss of Rs 10.6 cr in Q4FY22, revenue dips 4%

Coal prices also increased from $60 per tonne to $300 per tonne during the last one year adding to the pressure on the company

India cement units are cooperating closely with CCI, says Holcim

Swiss cement major's India units facing cement cartelisation probe

To cash in on IPL success, India Cements launches two Super King brands

Halo Super King cement will be sold Rs 25 higher than the company's existing brand

Axis Bank, India Cement: Mehul Kothari bets on 2 stocks post correction

The stock of Axis Bank underwent some profit booking and almost retested that breakout zone

India Cements Q3 net dips 76% to Rs 16 cr on rain, Covid disruption

The company's revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore

India Cements Q3 standalone PAT falls significantly to Rs 3.3 crore

The company had registered standalone profits at Rs 62.02 crore during the corresponding quarter in the previous year

Chart Check: Ambuja, India Cements range-bound; UltraTech can gain up to 8%

Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.

Exide, India Cement: 5 mid, smallcaps that look attractive post Budget 2022

Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250

India Cements gains 5%; hits highest level since January 2008

Analysts expect margins of cement companies to bottom out in Q3FY22, with likely recovery in demand and prices.