Cement Makers

JK Cement Q2 results: PAT falls 22.5% to Rs 136 cr, revenue at Rs 2,560 cr

JK Cement Ltd on Saturday reported a 22.52 per cent decline in its consolidated net profit to Rs 136.15 crore for the second quarter ended September 2024. The company had posted a profit of Rs 175.73 crore a year ago, according to a regulatory filing from JK Cement. Its revenue from operations slipped 7 per cent to Rs 2,560.12 crore during the quarter under review. It was Rs 2,752.77 crore in the corresponding period of the previous fiscal. JK Cement's total expenses rose marginally to Rs 2,545.25 crore in the September quarter. The total income of JK Cement, which includes other income, declined 6.62 per cent to Rs 2,597.90 crore in Q2 FY25. JK Cement has an installed Grey Cement capacity of 24 MTPA. It is one of the leading manufacturers of white cement, globally, with a total white cement capacity of 1.20 MTPA and wall putty capacity of 1.2MTPA.

Birla Corp Q2 results: Net loss at Rs 25 cr, revenue falls to Rs 1,970 cr

M P Birla group flagship company Birla Corporation Ltd on Wednesday reported a Rs 25 crore loss in the second quarter ending September 2024 as against a net profit of Rs 58 crore in the year-ago period. Revenue of the cement maker during the July-September quarter decreased 14.8 per cent to Rs 1,970 crore from Rs 2,312 crore in the previous corresponding period. The company, in a statement, said that it posted a consolidated EBITDA of Rs 194 crore in the quarter under review as compared to Rs 316 crore in the same period last year. In the traditionally weak monsoon quarter, cement demand was sluggish and prices plummeted to record lows in all the key markets. The company achieved an overall capacity utilisation of close to 80 per cent, and around 90 per cent in core markets. The annual installed cement manufacturing capacity of the company is 20 million tonnes. On the outlook, the cement maker remains cautiously optimistic about the third quarter ending in December. The jute div

Cement makers may end H1FY25 with higher raw material costs, weak pricing

In a judgement passed in August, the Supreme Court upheld states' authority to impose additional taxes on minerals, including limestone, with effect from April 2005

Cement dealer network expansion slows down as non-trade demand rises

Three of the top-five cement makers saw their dealer count fall in FY24

Top 4 cement firms on capacity expansion spree, plan to add 42 mtpa in FY25

The top four combined are expected to increase their share in total capacity to 54 per cent by FY26, from 48 per cent in FY23

Jaiprakash Associates plans to restructure bonds worth $120 million

Crisis-hit Jaiprakash Associates, which is into cement and construction businesses, on Saturday said around 92 per cent of bondholders have given consent for restructuring of foreign currency convertible bonds (FCCBs) worth USD 120 million, which were issued by the company and due for payments in 2020 and 2021. In February, the debt-ridden company had announced plans to restructure these bonds. On February 27, Jaiprakash Associates informed that the company has executed a non-binding term sheet and related accession agreements with an aggregate of about 70 per cent of the holders of (i) the USD 38,640,000 FCCBs due September 2021 (Series A Bonds); and (ii) the USD 81,696,000 amortising FCCBs due September 2020 (Series B Bonds). The agreements contain the primary terms of the proposed restructuring of such bonds. In a regulatory filing on Saturday, the company apprised that more bondholders have accorded their consent to the bond restructuring by signing an accession agreement with

Hit by regional factors, cement makers witness uneven volume growth in Q2

Dalmia Cement, a dominant player in the East Indian market attributed its lower growth volumes to the lingering impact of a failed strategy tried in the June-23 ended quarter

Competition Commission of India launches market study on cement sector

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

Cement cos in race to increase capacity with lowest cost producer tag

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

Cement maker Dalmia's Q4 profit more than doubles on low fuel costs

Consolidated net profit rose to Rs 589 crore ($71.90 million) in the quarter ended March 31 from Rs 266 crore a year earlier

Vedanta Aluminium signs pact with Dalmia cement to supply industrial wastes

Vedanta Aluminium on Tuesday said it has entered into a long-term pact with Dalmia Cement for supply of industrial wastes such as fly ash and spent pot lining for manufacturing low carbon cement. Under the pact, Vedanta's mega aluminium smelter at Jharsuguda, Odisha will supply around 20 rakes of fly ash every month for five years to Dalmia Cement's manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam, and spent pot lining (SPL) for three years to the company's plant at Rajgangpur, Odisha. Vedanta Aluminium is a preferred supplier of high-quality fly ash to some of the country's leading cement producers, fostering industrial collaboration for the production of low-carbon cement, the company said in a statement. "Strategic collaborations such as this will provide multiple benefits in terms of enhanced quality, sustainability and cost benefits to cement manufacturing, while helping us in gainful waste management. "Our waste-to-wealth initiatives are designed to develop .

India's cement industry continues to present a puzzle to investors

Given margin pressure and gradual demand revival, companies with strong balance sheet may gain in long run

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

Cement companies plan to raise prices by Rs 10-15 per bag in Dec: Report

The price of cement is hardening across the country and since August this year, the rates have gone up by Rs 16/per bag, said Emkay Global Financial Services Ltd

Price hikes may not stall cement companies' profit dip: CareEdge

Operating profit margins likely to contract by 320-380 basis points to 16.3-16.8 per cent in FY23, says CareEdge Ratings, as input cost pressures remain

Top listed cement companies' margins, profits lowest in a decade

The industry's combined quarterly earnings in Q2FY23 were the lowest since July-September 2013

Birla Corp posts Rs 56.4-crore net loss in Q2, appoints new MD & CEO

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

ACC reports net loss of Rs 87 cr for Sept qtr, revenue rises 6%

According to ACC, its EBITDA in the quarter 'stood at Rs 16 crore largely due to steep rise in fuel cost' as against Rs 712 crore earlier

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP

The combined cement capacity of these units will be 5 million tonnes per annum