Page 7 - India Cements

DHFL, India Cements: 10 BSE500 stocks that gained amid market rout last wk

A quick study of BSE500 stocks show that as many as 9 stocks rallied 8 per cent or above between February 20 and March 2

Damani family picks up 7% stake in India Cements, stock climbs 20%

According to NSE block deal list, Radhakishan Damani, Avenue Supermarts founder, and Gopikishan Damani together bought 11 mn shares in India Cements for Rs 111 cr

Market Wrap, Feb 26: Sensex ends 392 pts lower, Nifty at 11,678

Among sectoral indices, Nifty Auto index slipped the most - over 2 per cent to 7,208 levels. Nifty Metal index dropped 1.63 per cent to 2,430

India Cements zooms 37% in 2 days after Gopikishan Damani buys 2.75% stake

Over the past one year, shares of India Cements have underperformed the market.

India Cements posts Rs 5.37 cr standalone loss in Q3 on poor demand

First loss for the company in 19 quarters; total income, Editda also dip

UltraTech, Ramco Cements: Analysts see significant upside in cement stocks

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

India Cements reports pre-tax profit of Rs 4.42 crore over reduced costs

The performance was impacted by the fall in sales due to subdued demand in Andhra Pradesh and Telangana

Expect cement prices, demand to recover in second half of FY20: Srinivasan

He expects increased spending on infrastructure projects by the Centre and acceleration in infrastructure projects and development schemes by the new government in Andhra Pradesh to spur the industry

Cement demand growth may nearly halve to 7% in FY20 on weak Q1 offtake

The bright side is that manufacturers could also benefit as average prices in FY20 are likely to be better than FY19, while costs are likely to be lower

India Cements net profit rises 244% YoY to Rs 72 cr in Q1, revenue 8%

India Cements' EBIDTA increased by more than 50% when compared with the same quarter of the previous year

India Cements Q4 profit up 24% at Rs 44 crore on improved prices

Capacity utilisation improved to 84 per cent in Q4 from 79 per cent in the same period previous year

India Cements Q3 profit down 79% on falling prices in South India

Tough competition in the south takes toll on performance of units in the region; higher fuel prices, depreciating rupee add stress to bottomlines.

India Cements slips 7% on disappointing September quarter results

The stock slipped 7% to Rs 90.65 on the BSE after the company reported net profit of Rs 14 million in September quarter against Rs 237 million in a year ago quarter.

India Cements to build Rs 10-bn plant in MP, expects growth to pick up soon

The India Cements Ltd is planning to set up a new cement manufacturing facility in Madhya Pradesh with a total investment of around Rs 10 billion, with the company expecting a better capacity utilisation from next fiscal year. The company is expecting the prices in South India also to pick up from the fourth quarter of the year, improving its performance from there on.The company has recently announced acquisition of entier share holding of Springway Mining Pvt Ltd, in a phased manner at a total cost of Rs 1.82 billion with an objective to set up a cement plant in the State of Madhya Pradesh. N Srinivasan, vice chairman and managing director of the company said, "Our objective to set up a cement plant. The investment will be around Rs 9-10 billion, we will fund it mostly internally". The company may also look at further expansion plans going forward, he added.With the new plant, the total manufacturing capacity for the Indian Cements will go up from the current 15.5 million tonne per .

India Cements to buy Springway Mining for Rs 1.82 bn to set up a MP plant

Springway Mining is involved mainly in mining and quarrying business while India Cements is a leading cement manufacturer in the country

India Cements Q1 net profit falls 34% to Rs 266 mn as sales dwindle

Expenses remain lower at Rs 13.39 billion as against Rs 14.26 billion in the said period

India Cements reduces fixed cost; shuts down divisions, cuts overheads

With adverse industry conditions in South India, which is the stronghold for the company, affecting its margins and profitability for a few quarters now, India Cements managed to cut the fixed cost by cutting overheads, shutting down some of the divisions and changing policies. The company has seen one of the challenging quarters during October to December, 2017, with net profit declining 36 per cent sequentially. India Cements has registered a net profit of Rs 152.4 million during the quarter ended December 31, 2017, a 35.6 per cent decline compared to the Rs 236.7 million during the previous quarter ended September 30, 2017. The net profit it had during the quarter ended December, 2016, was a higher Rs 353.4 million. However, the company said that this is not comparable considering that the company has amalgamated two of its subsidiaries - Trinetra Cement and Trishul Concrete Products, into itself in April, last year.The company was able to contain the loss by controlling the fixed .

India Cements net profit down by 36%, MD Srinivasan calls Q3 worst quarter

India Cements has registered a net profit of Rs 152.4 million during the quarter ended December 31, 2017, a 35.6 per cent decline compared to the Rs 236.7 million during the previous quarter ended September 30, 2017. The net profit it had during the quarter ended December, 2016, was a higher Rs 353.4 million. However, the company said that this is not comparable considering that the company has amalgamated two of its subsidiaries - Trinetra Cement and Trishul Concrete Products, into itself in April, last year.The total income for the quarter ended December 31, 2017 stood at Rs 12.16 billion. The total income was Rs 12.70 during the same period of previous fiscal year, though these figures are not comparable. "This was the worst quarter for us," said N Srinivasan, vice chairman and managing director of India Cements. The performance was primarily affected because of the lower demand in its stronghold, which is the Tamil Nadu and Kerala market. The Anthra Pradesh market was also not as .

India Cements Q2 profit down 62% to Rs 23.67 cr

The firm had reported a net profit of Rs 62.41 cr in the July-Sept quarter a year ago

India Cements Q1 net almost halves to Rs 26 cr; company blames note ban

Company's total income rose to Rs 1,466.75 crore during the first quarter