Economy & Market

Earnings of cement firms may recover

Published

4 years ago

October 14, 2021

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A report by Religare Research shows that the earnings of cement companies will recover only from the second half of 2013-14 (from September 2013) when the demand for cement rises and these firms regain their pricing power. Therefore, the firm expects earnings of cement companies to remain under pressure during Apr-June quarter and Jul-Sep quarter. The report attributes the muted prospect for earnings by cement companies during these two quarters to lacklustre demand and muted realisations. The topline of cement firms may decline 4 per cent on a year-on-year basis and c may fall 29 per cent and profit after tax by a whopping 32 percent in the June quarter, the report expects. Volumes declined for most companies, except those with a presence in south India. The volume of firms operating in the north or west may fall sharply, the report expects.

Concrete

Shree Cement reports 2025 financial year results

Published

1 week 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

1 week 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

1 week 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/