Economy & Market

Net profit of Ambuja Cements rises 77%

Published

13 years ago

November 4, 2012

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Net profit of Ambuja Cements rose 77 per cent to Rs 304 crore in the September 2012 quarter on a year-on-year basis because of higher price realisations.

However, on a sequential basis, net profit of the company declined 35 per cent. During the quarter, the company’s sales grew 20 per cent to Rs 2,168 crore. Cement output and sales in the quarter were up 1.3 per cent each at 4.71 million tonne (mn t) and 4.70 mn t, respectively. Overall expenses increased 21 per cent to Rs 503 crore.

Meanwhile, net profit of ACC expanded 48 per cent owing to improved realisations. The firm’s sales increased 14 per cent. Cement production in the September quarter was down five per cent at 5.40 mn t against 5.69 mn t registered in the same period last year.

Sales volume was depressed against a backdrop of weak demand from the construction sector and prolonged monsoon, said the company. The company’s operational cost had gone up five per cent to Rs 2,145 crore (Rs 2,049 crore) despite lower production.

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/