Economy & Market

ACC, Ambuja increase profits for Q1

Published

13 years ago

July 26, 2012

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ACC and Ambuja Cements, both Holcim group of Indian companies, have beaten the Street expectations in terms of a sharp increase in its profitability for the April-June quarter. Rise in realisation, coupled up with higher sales volumes, helped the sister companies post gains between 25 per cent and 35 per cent in their profits, against brokerages’ estimates, which were as low as 3.4-11 per cent.ACC, India’s second-largest cement producer, posted a 26.3 per cent rise in its consolidated net profit at Rs 414.5 crore, against Rs 328.1 crore in the previous corresponding quarter.Consolidated net sales grew 15 per cent to Rs 2,919 crore, compared to Rs 2,539.4 crore in the year-ago period. It sold 6.05 million tonne of building material during the quarter, up two per cent against 5.93 million tonne in the same quarter last year.

Concrete

Shree Cement reports 2025 financial year results

Published

4 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

4 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

4 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/