Economy & Market

Power boost for Shree Cement

Published

10 years ago

August 31, 2015

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Kolkata-based Shree Cement show-?cased better-than-expected realisations in the cement segment for the June quarter. The company?s power segment, too, saw higher volumes and improved realisations. Its sales at Rs 1,719 crore beat the Bloomberg consensus estimate of Rs 1,635 crore. Shree Cement?s operating profit of Rs 357 crore was better than the anticipated Rs 312 crore. Its profit at Rs 104 crore was 42 per cent ahead of Bloomberg consensus estimate of Rs 73 crore. So, a 1.68 per cent up move to Rs 11,641 levels in trade on Wednesday did not come as a surprise.

Shree saw cement volumes including clinker grow 20 per cent YoY to 4.47 million tonnes. Although volumes were led by expansions, the per-tonne average realisation at Rs 3,390 was better than the anticipated Rs 3,360.

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/