Economy & Market

Cement industry to witness strong performance: MSFL

Published

13 years ago

July 12, 2012

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Cement industry is set to witness another quarter of strong performance, says Marwadi Shares & Finance (MSFL). Delayed monsoon in most parts of the country has enabled decent demand across regions. Cement prices witnessed lesser than anticipated correction post CCI verdict and were stable during Q1.On the cost side, though players witnessed y-o-y higher costs, sequentially they were flat. International coal prices have softened during Q1, however, impact was nullified by higher rupee depreciation. Overall it expects industry to post a 12-15 per cent top line growth on a low base and a moderate earnings growth for Q1. Cement stocks continued to trade ahead of their valuations and outperformed the indices.Industry recorded 7 per cent growth for FY12. MSFL expects it to post strong 11 per cent demand growth for Q1, partially on account of delayed monsoon in most parts of the country, which have enabled a double digit growth for Q1. MSFL coverage also is expected to report 11 per cent volumes growth.However sequentially, Q1 volume would register a decline of four to five per cent. MSFL predicts demand to be soft in next couple of quarters on account of monsoon.

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/