Economy & Market

Shifting to power helps Shree Cement in hard times

Published

12 years ago

January 29, 2013

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In the cement market, Shree Cement’s diversification into power has helped the company during challenging times like in last December quarter. In the quarter, given the subdued demand and fall in prices of cement, average blended realisation for a tonne of the material sold was lower by around 2 per cent compared with a year ago, and nearly 5 per cent down from the preceding quarter.

Cement revenue, therefore, was just 3.2 per cent higher than a year earlier at Rs 1,115.5 crore. However, power came to the rescue, with an 87.8 per cent jump in revenue, taking total revenue up by 19.4 per cent to Rs 1,428 crore.

Analysts, however, say both the power and cement divisions fared well on the basis of cost of production. As a result, profit before interest and tax for the power division, at Rs 98 crore, was impressive compared with a loss of Rs 111 crore posted a year ago.

This also offset the marginal decline in profit from the cement division. This was in spite of the fact that its cost of producing cement dropped as price of imported pet coke fell in international markets.

Concrete

Shree Cement reports 2025 financial year results

Published

6 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

6 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

6 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/