Cement major, UltraTech Cement is scheduled to deliver its December 2024 quarter results (Q3FY25) on Thursday, January 23, 2025
Nomura analysts project a 6 per cent year-on-year (Y-o-Y) volume growth for the Indian cement industry in FY26F, compared to an estimated 3 per cent in FY25F
Aditya Birla Group company to expand presence in East India with new acquisition
Star Cement-Ultratech Cement deal: Ultratech has approved to make an investment to acquire non-controlling minority stake for up to 37 million equity shares of Star Cement at a price Rs 235 per share
CCIapproved making an open offer for up to 8,05,73,273 equity shares of Rs 10 each constituting 26 per cent of the equity share capital of the company, at a price of Rs 390 per equity share
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
Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has received notice from the Competition Commission of India (CCI), and the Aditya Birla group flagship firm is confident in the merits of its case. "The Company has received a communication from the Competition Commission of India under Section 29 (1) of the Competition Act, 2002, regarding the proposed acquisition of The India Cements Ltd. The Company will be responding to the same," said UltraTech. The southern market for grey cement, where India Cements primarily operates, is highly competitive and fragmented, with the presence of over 35 grey cement manufacturers. "We are confident of the merits of our case," the Aditya Birla Group firm said. Under the CCI Act, where the fair trade regulator is of the opinion that a combination is "likely to cause, or has caused an ..
In June, UltraTech announced it would acquire about a 23 per cent stake in India Cements
Shares of Ultratech Cement rose as much as 2.90 per cent at Rs 11,525 a piece on the BSE in Monday's intraday trade
From NTPC to Wipro here is a list of stock that will be on investors' radar today
Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter
The company's profit after tax fell to Rs 7.54 cror (about $894,500) for the quarter ended Sept. 30, from Rs 83.03 crore s a year ago
Gap in the two competitors' reserves is narrower than that in manufacturing capacities
The management believe that new infrastructure project orders will start gaining momentum, although it has been a subdued start from Q1 and during the reported quarter.
Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.
UltraTech Cement's consolidated profit dropped 36 per cent year-on-year (Y-o-Y) to Rs 825 crore in the September quarter of FY25, from Rs 1,280 crore in the September quarter of FY24.
Cement sale volume slow down, growing at three percent YoY in Q2
UltraTech Cement's consolidated net profit for the quarter stood at Rs 820.04 crore, down 36.01 per cent from Rs 1,281.45 crore in the year-ago period
Analysts tracking the cement sector say that subdued economic activity in the first quarter is likely to weigh on sector leader UltraTech Cement's numbers, which reports its Q2 results today
Cement players hiked prices in Sept'24, but had to roll back prices in the South. In the first week of Oct'24, price hikes have again been announced and it remains to be seen if these are sustained