Cement Companies

JK Lakshmi Cement Ltd on Thursday reported a 59.7 per cent decline in consolidated net profit to Rs 60.46 crore for the December quarter on account of lower sales realisation. The company had posted a profit of Rs 150.15 crore in the year-ago period, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL) -- a flagship company of JK Organization. Its revenue from operations was down 12 per cent to Rs 1,496.83 crore in the December quarter. It was at Rs 1,702.84 crore in the year-ago period. JK Lakshmi Cement Chairperson & Managing Director Vinita Singhania said, "The profitability of the company for the quarter has been impacted due to lower sales realisation in our primary markets." Its sales volume was down 4.54 per cent to 22.48 lakh tonnes in the December quarter. Total expenses of JKCL were at Rs 1,416.57 crore, down 5.9 per cent in the December quarter of FY25. JKCL's total income, including other income, was also down 12.42 per cent to Rs 1,505.87 crore. Over t

The company reported a net profit of Rs 48.12 crore ($5.5 million), during the October-December period, compared with a loss of Rs 3.45 crore a year ago

ACC Q3FY25 company results: The cement and building materials arm of the Adani Group attributed the rise in profit to higher volumes, cost optimisation measures, and improved operational efficiency

Siam Cement BigBloc Construction, a subsidiary and JV of BigBloc Construction Ltd, has bagged an order from Tata Project to supply material to Micron's semiconductor unit in Sanand, Gujarat, a statement said. The work order from Tata Projects Ltd is for the supply and installation of AAC panels at the semiconductor unit of Micron India in Sanand, BigBloc Construction said in the statement. The order for 100 mm AAC panels, to be completed in three months, is valued at around Rs 4.5 crore. The subsidiary will supply and install steel-reinforced AAC panels, ranging from 2 metres to 6 metres in the project, the statement added. Siam Cement BigBloc Construction is a joint venture between Gujarat-based BigBloc Construction and Thailand's SCG International Corporation Co Ltd. The JV has bagged its first big order after commencing operations at the Rs 65-crore AAC wall plant in Kheda, Gujarat. The plant has an annual capacity of 2.5 lakh cubic metres for large-format AAC Wall products.

Cement assets attracted both acquisitions and fresh financial investments worth over $3.5 bn

The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December

The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement

Shares of cement companies have slid up to 19 per cent in the last four weeks on the NSE, against a 1.06 per cent jump in the benchmark Nifty50

Brokerage firm Antique predicts that the cost curve for cement is likely to continue sliding downward in the second half of the financial year 2024-25

Leading cement manufacturers reported single-digit volume growth in the June quarter, though their topline was muted on account of the continued downtrend in the price. Listed manufacturers such as UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat - in their latest quarter earnings reported gains in volumes, ranging from 3 to 9 per cent and increase in capacity utilisation. However, soft cement prices have put their topline under pressure in the April-June period. Besides, raw material costs went up marginally due to an increase in the cost of fly ash and slag. The all-India average cement price was at around Rs 348 per 50 kg bag in June 2024, down around 3 per cent year-on-year. However, this was higher when compared to Rs 335 per bag in May 2024. For the first two months of FY25, the average cement price was at Rs 340 per bag, down 8 per cent YoY. In FY24, the average price was Rs 365 per bag and Rs 375 per bag in FY23, according to the report. Moreover, intense .

Adani Group's cement arm, which includes ACC and Ambuja Cement holding, is India's second-largest cement producer

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

India's largest cement maker, UltraTech saw an amazing 15.4 per cent volume expansion Y-o-Y, given the season and its scale

CCI said that some of the objectives of the study are to study the market trends including movements in cement price, cost, production, capacity, capacity utilisation and profitability

The revenue from operations for Q2FY24 was seen at Rs 1,264.39 crore, compared to Rs 1,327.06 crore year-on-year

Dalmia Cement is planning to take its capacity of 43.7 million tonnes per annum to 110-130 million tonnes per annum by 2031

Stable prices and costs to help earnings report a higher growth over a low profitability base of last year

The fundraising plan is expected to be part of the company's Rs 7,000-crore capex plan in the next phase of growth, during which it aims to add an additional 12 million tonnes of capacity

Cement companies' green power mix is likely to jump to 40-42 per cent by FY25 from 35 per cent in FY23, which will lead to savings of 140-160 basis points by way of lower energy cost, a report said on Monday. Major cement players are looking at reducing their emissions by 15-17 per cent over the next 8-10 years by increasing the share of blended cement, which uses less clinker and, consequently, less fuel, Icra Ratings said in the report. This, in turn, will help increase the share of green power intake through a mix of solar, Wind and Waste Heat Recovery System (WHRS) capacities, as per the report. There is also a move to shift to alternate fuels, the report said. The rating agency estimates that the share of green power will account for 40-42 per cent of the total power mix for cement companies by March 2025 from around 35 per cent in March 2023. According to Anupama Reddy, vice-president at the agency, capital outlay towards green power investments by major cement makers for th

Planned supply-additions likely to coincide with post-election weakness in demand. Weak monsoons, rise in fuel cost to add further woes