Page 3 - Cement Production

Strong volumes seen leading Q3 revenues for domestic cement players

Weak pricing, higher cost of production to hurt EBITDA/tonne of large players

Cement prices in southern India rise 18% over strong production discipline

Prices in Maharashtra are up by around 10 per cent at Rs 354 a bag, supported by higher prices in the South, which is a key supplier

Core sector shrinks eighth month in row, sharper sequentially in October

Contraction due to decline in production of crude oil, natural gas, refinery products and steel

Demand recovery hope, price hikes brighten outlook of cement players

UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks

After three price corrections, cement firms wait for hikes in Sept, Oct

Shree Cement, trading at highest valuations, is most vulnerable with demand under pressure and costs rising

India Cements PBT drops by 75% to Rs 26.06 in Q1, blames lockdowns

Company shut down operations late March, when govt announced the first nationwide restrictions to contain the coronavirus

Cement sector: If demand fails to pick up, stocks may come under pressure

Going ahead, raction in rural demand should continue in the back of good crop, normal monsoon, labour availability and government's welfare schemes

JSW Cement defers listing, expansion plans further amid Covid-19 crisis

The original plan was to evolve into a 20 mtpa company by 2020

India's cement production to fall 25-30% in FY21 as Covid-19 saps demand

This is billed as the steepest fall for the industry in any year. Capacity utilisation in FY21 is seen at 40-45 per cent

All eyes on May indicators

The high speed indicators, as the lockdown eases, may offer clues on the strength of the future rebound

Raw material prices, cost controls prop up Ambuja Cements, ACC's March qtr

Expansions, strong balance sheet and attractive valuations are supportive at a time when demand outlook is uncertain

Covid-19 impact: Retail demand for cement, steel goes missing amid lockdown

While companies are unable to move material, dealers continue to suffer due to absence of any business

Covid-19 impact: With retail shut, cement and stocks pile up at factories

Starting construction may have no impact on demand if the loha and cement mandis don't open

Rise in petroleum production drives core sector output to 11-month high

Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output

India Cements reports pre-tax profit of Rs 4.42 crore over reduced costs

The performance was impacted by the fall in sales due to subdued demand in Andhra Pradesh and Telangana

Q2 earnings preview: Long rain spells bad news for cement companies

The current financial year has so far been an anomaly for the cement sector with a decline in demand growth seen in Q1

Street cuts FY20 growth estimate as demand woes continue for cement players

Prices remain on a declining trajectory, slowdown in government projects led by delay in payments continues to hurt industry

Cement demand growth may nearly halve to 7% in FY20 on weak Q1 offtake

The bright side is that manufacturers could also benefit as average prices in FY20 are likely to be better than FY19, while costs are likely to be lower

Cement production expected to grow at 6-7% this fiscal year: Report

However, rising costs are likely to put pressure on the operating profitability of cement firms in the coming quarters