Economy & Market

Shree Cement posts better revenues for Sept quarter

Published

13 years ago

October 16, 2012

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Shree Cement on October 16 posted better-than-expected revenues and profits for the quarter ended September. The company’s revenues were at Rs 1,324 crore and net profit at Rs 228 crore.Shree Cement’s cement business continues to do well on the back of strong demand and good realisations. While the management has not declared cement volume numbers, analysts peg the sales volumes at a little over three million tonne (mt), better than 2.5 mt in the year-ago quarter.Realisations, too, have been better than last year. Average cement per bag prices in northern, central and western India (where the company has presence) at Rs 293, Rs 286 and Rs 297, were much higher than last year’s Rs 247, Rs 229 and Rs 241 a bag, respectively.However, thanks to the monsoon, the September quarter performance was expectedly subdued as compared to the June quarter (sales volume of 3.4 mt). More, the June quarter was exceptionally outstanding in terms of realisations and sales volume for the industry.

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/