Economy & Market

Slowed demand causes dip in Sagar Cements profit

Published

12 years ago

January 30, 2013

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Sagar Cements’s net profit decreased to Rs 4 crore in the third quarter ended December 31 compared with Rs 17.65 crore in the year-ago period. The revenue of the Hyderabad-based company also declined 10.73 per cent to Rs 136 crore (Rs 152 crore), the company informed the Bombay Stock Exchange.

Sreekanth Reddy, Executive Director, Sagar Cements said in the investor presentation that the quarter under review has been a challenging one for companies like ours operating in the South due to capacity additions and a difficult demand scenario.

With the coal costs mix slowly shifting towards domestic coal, the company was able to reduce dependence on the high-priced South African coal, resulting in lower fuel costs per tonne of clinker, he added.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/