Economy & Market

ACC, Ambuja profits cave in on weak demand

Published

4 years ago

October 14, 2021

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Weak cement prices in a seasonally strong quarter hit profitability at ACC and Ambuja Cements Ltd in the three months ended March. Both registered a marginal drop in volumes from a year ago. Realization per tonne was flat as well. ACC’s net revenues fell by about 3 per cent from a year ago to Rs.2,911.1 crore. Ambuja’s fell 3.5 per cent to Rs.2,544.8 crore. Moreover, lower raw material costs did not offer any respite as expenses on other fronts spiralled. For instance, transport and freight costs, which comprise nearly one-fifth of total expenses, rose by about 2-3 percentage points for both ACC and Ambuja.. Both firms also took a beating with a surge in other expenses, partly due to higher royalty fees paid to their parent Holcim

Concrete

Shree Cement reports 2025 financial year results

Published

2 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

2 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

2 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/