Economy & Market

Ramco Cements Q2 net up 46percent

Published

9 years ago

November 13, 2016

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Ramco Cements has reported a 46 per cent growth in its standalone net profit at Rs 207.01 crore for the quarter ended September 30, aided by better off-take and cost-reduction measures.
The firm had a net profit of Rs 142.18 crore in the year-ago period, it said in a BSE filing.
Total standalone income of the company rose by 18 per cent to Rs 1,172.24 crore in the July-September quarter of this fiscal from Rs 1,029.28 crore during the same quarter in 2015-16.
Total expenses of the company were higher at Rs 882.28 crore from Rs 801.86 crore during the period under review.
There has been an improvement in the off-take of cement during the quarter compared to the year-ago period, it said.
The company’s sales rose to 20.34 lakh tonnes (LT) in the September quarter this fiscal from 17.11 LT during the same period in 2015-16.

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/