Indian Infrastructure Industry News & Updates - Cement
Andhra Cements Q4 results : loss at ₹18.78Cr, Revenue increased by 0% YoY
Andhra Cements Q4 Results Live : Andhra Cements declared their Q4 results on 14 May, 2024. The topline increased by 0% & the loss came at ₹18.78cr.
Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?
Source Credit: Nikita Vashisht, Business Standard
New Delhi: Likely weak demand over the next few months as the monsoon season picks up pace, coupled with no price hikes, may keep cement stocks tepid in the near-term, believe analysts. As a strategy, however, they suggest investors accumulate related stocks on dips, encashing benefits of a rebound in the second half of the current financial year 2024-25 (FY25).
Sagar Cements Q4 Results Live : profit falls by 86.82% YOY
Sagar Cements Q4 Results Live : Sagar Cements declared their Q4 results on 14 May, 2024, revealing a 14.02% increase in revenue compared to the same quarter last year.
J.K. Cement Q4 Results Live : profit rise by 100.66% YOY
J.K. Cement Q4 Results Live : J.K. Cement declared their Q4 results on 12 May, 2024. The topline increased by 11.31% & the profit increased by 100.66% YoY. As compared to the previous quarter the revenue grew by 5.82% and the profit decreased by 22.58%.
Shree Cement Q4 Results: Net profit up over a fifth to Rs 662 crore, EBITDA at all-time high
JK Cement Q4 results: Net profit rises 101% to ₹220 crore, declares dividend of ₹20 per share
Cement company JK Cement announced its fourth quarter financial results today, May 12, 2024. The company posted 101 per cent increase in its consolidated net profit to ₹219.75 crore in quarter ending on March 31, 2024 as compared to ₹109.52 crore in the same period a year ago, in line with the street estimates.
Cement sector may register moderate demand in FY25
While the past year was a good one for the cement industry with capacity addition and utilisation touching new highs, demand is expected to moderate in the current financial year. One reason for this is the unfavourable base effect with the industry having done well in recent years, aided by the boom in the infrastructure and housing sectors.
UltraTech will surpass industry growth in FY25 despite demand moderation, says CFO
Lot of consolidation happening in cement industry at a faster pace: HM Bangur, Shree Cement
Ambuja Cements Q4 Results Live : profit rise by 63.61% YOY
Ambuja Cements Q4 Results Live : Ambuja Cements declared their Q4 results on 01 May, 2024. The topline increased by 11.82% & the profit increased by 63.61% YoY. Compared to the previous quarter, the revenue grew by 9.41% and the profit increased by 28.2%.
Ambuja Cements Q4 results: Net profit up 6% on year on Q4, declares dividend of Rs 2/share
Ambuja Cements has reported a net profit of Rs 532.29 crore in Q4 of FY24, against Rs 502.40 crore it reported in the same period a year ago, an increase of 6% on year.
Ambuja Cements Q4 Results: Profit doubles to to Rs 1,526 crore on volume growth, cost optimization
Ambuja Cements Q4 profit at Rs 1,525.78 cr; revenue at Rs 8,894 cr
Orient Cement Q4 Results: Net profit rises marginally to Rs 68 crore
Gautam Adani’s Ambuja Cements reports record profit, got Rs 47380000000 for…
UltraTech to retain edge over competition amid cost efficiency, capacity addition
Ultratech Cement reported better-than-expected performance for the March 2024 quarter notwithstanding the demand weakness and sluggish cement prices during the period. The country’s largest cement manufacturer has chalked out plans to add capacity while retaining its edge as a low-cost producer by improving process efficiency. That places the company in a sweet spot amid expectations of a demand revival in the second half of the current fiscal year.
As Adani tries to build a challenge, Birla cements leadership with UltraTech
Ultratech profit rises over 35% to Rs 2,258 crore
Ultratech Q4 results 2024: Net profit up 35.2%, declares dividend of Rs 70/share; Read to know more
UltraTech Cement Q4 Earnings: The company reported a net profit of Rs 2,258.58 crore in the fourth quarter of FY24, a jump of 35.2% on year, against Rs 1,670.10 crore posted in Q4 of FY23.
UltraTech, AM Mining, others eye Vadraj Cement
Strong demand lifts UltraTech Q4 PAT by 36% to ₹2,258 crore
Shree Digvijay Cement Company Q4 Results Live : profit rise by 29.92% YOY
Shree Digvijay Cement Company Q4 Results Live : Shree Digvijay Cement Company declared their Q4 results on 26 Apr, 2024. The topline increased by 14.94% & the profit increased by 29.92% YoY. As compared to the previous quarter the revenue grew by 17.28% and the profit increased by 1.05%.
UltraTech Cement Q4 preview: PAT may rise 18% YoY to Rs 1,962 crore, 13% revenue uptick likely
Dalmia Bharat Q4 Results Live : profit falls by 46.52% YOY
Dalmia Bharat Q4 Results Live : Dalmia Bharat declared their Q4 results on 24 Apr, 2024, revealing a 10.1% increase in revenue and a significant 46.52% decrease in profit year-over-year.
ACC Q4 Results Live : profit rise by 300.96% YOY
ACC Q4 Results Live : ACC, the leading cement manufacturer, announced their Q4 results on 25 Apr, 2024. The company reported a significant increase in both revenue and profit compared to the same quarter last year.
Dalmia Bharat pushes back Jaypee Cement acquisition timeline to September-end following ‘procedural delays’
New Delhi: Cement-maker Dalmia Bharat is looking to complete acquisition of Jaypee Cement’s facilities by September-end, thereby pushing back the timeline by another six months, following “procedural delays”, the company’s MD and CEO, Puneet Dalmia said. Hindrances to the deal continue because of pending approvals from banks, ongoing arbitration between Jaiprakash Associates (parent company of Jaypee Cement) with UltraTech, and some lack of clarity on previously announced JVs with SAIL.
ACC Q4 result: Net profit up 301% and board recommends annual dividend of Rs 7.50; Read to know more
ACC, a subsidiary of Ambuja Cements, is one of India’s leading producer of cement and ready-mix concrete, clocked a consolidated net profit of Rs 944.84 crore in Q4FY24, an increase of 4 times year-on-year compared to the Rs 235.66 crore it reported in the same quarter in FY23. The company’s consolidated Q4 revenue stands at Rs 5,408.72 crore, which rose 13% on year Vs Rs 4,790.91 crore it posted in Q4 of FY23. The improved performance is attributed to all round improvement in volume, cost and efficiency parameters.
ACC net jumps 4 times on better realisation
ACC Q4 Results: Profit jumps 300% YoY to Rs 945 crore, dividend of Rs 7.5 announced
Dalmia Bharat's Q4 profit falls 46.5% y-o-y to ₹315 cr on decline in cement prices
New Delhi: Dalmia Bharat Ltd on Wednesday said its consolidated net profit declined 46.5% year-on-year in January-March to ₹315 crore, hurt by a drop in cement prices that eroded margin.
Kesoram Industries Q4 Results Live : loss rise by 835.4% YOY
Kesoram Industries Q4 Results Live : Kesoram Industries declared their Q4 results on 22 Apr, 2024. The topline increased by 1.72% & the loss increased by 835.4% YoY. As compared to the previous quarter the revenue grew by 11.75% and the loss increased by 400.25%.