Economy & Market

JK Cement net profit grows by 38%

Published

13 years ago

August 31, 2012

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JK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations. In June 2012 quarter, the company reported a robust 38 per cent Y-o-Y growth in net profits.In the quarter ending June 2012, the company’s revenues grew by 21 per cent Y-o-Y to Rs 736 crore. This was mainly due to 15 per cent growth in despatch volumes and 5 per cent increase in realisation per tonne.However, on a sequential basis, despatch volumes were lower by 11 per cent in comparison to March 2012 quarter. The company was able to achieve higher volumes on Y-o-Y basis due to a weak monsoon that led to an increase in construction activity. However, it would be difficult for the company to maintain the 7 per cent growth in volumes in the coming quarters.

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/