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ACC profit down 8.9%, sales beat estimates

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ACC Ltd has reported an 8.9 per cent fall in net profit for the quarter ended 31 March. Consolidated net profit for the quarter fell to Rs 211.06 crore from Rs 231.70 crore a year earlier. Consolidated sales in the quarter rose 9.1 per cent to Rs 3,556.70 crore from Rs 3,259.95 crore a year earlier.

The results beat analyst estimates. Revenue in its cement business rose 9.3 per cent to Rs 3,401.27 crore, helped by a price hike. Sales in the ready-mix concrete business went up around 10 per cent to Rs 285 crore. During the quarter, the company launched two cement products ACC Suraksha and ACC HPC (high performance cement).

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Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

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