Economy & Market

Hopes of rising demand keeps Shree Cement aloft

Published

13 years ago

December 18, 2012

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According to analysts, capacity utilisation of most cement companies showed signs of revival. Each passing day sees the stock of Shree Cement recording a new peak at the bourses.

On December 18 too, Shree Cement’s stock scaled a record high of Rs 4,539, but ended at Rs 4,450 on the BSE, one per cent lower than the previous day’s close on account of profit-taking.

Analysts said Shree Cement sells most of its produce in the northern region. With no new major capacity addition coming up in the North, the company should benefit and would be able to pass on any increase in production cost. Recently, Bank of Merrill-Lynch upgraded the stock from ‘neutral’ to ‘buy’ due to visible bottoming of the industry’s capacity utilisation in FY13E.

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/