Economy & Market

India Cements’ Q2 net up 62percent

Published

9 years ago

November 20, 2016

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India Cements has reported a 62 per cent jump in standalone net profit at Rs 62.41 crore for the quarter ended September 30, 2016. It had clocked a net profit of Rs 38.50 crore in the year-ago period.
The cement maker’s standalone income was up by 7 per cent to Rs 1,314.44 crore in the July-September quarter this fiscal (as against Rs 1,229.10 crore during the same quarter in the previous fiscal). Expenses were higher at Rs 1,135.22 crore from Rs 1,051.86 crore.
In its regulatory filing, India Cements said that the Competition Commission of India (CCI) has imposed a fresh penalty of Rs 187.48 crore on it in its order on August 31, 2016.
"Based on the advice of the senior advocates, the company has filed an appeal before the Competition Appellate Tribunal (COMPAT), New Delhi," the filing said.

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/