Cement News tagged under: India
Andhra Cements posts income growth QoQ16 May 2024, Published under Cement NewsIndia’s Andhra Cements , part of Sagar Cements , has posted total income of INR993m (US$11.89m) in the quarter ending 31 March 2024. This is up from INR984m in the previous quarter. The net loss for the March 2024 quarter came in at INR188m, down from a loss of INR212m in the previous quarter. Basic earnings per share over the same period improved from -INR2.30 to -INR2.04. For the year ended 31 March 2024, total income stood at INR2766m with a net loss for the 12-month period of INR65... |
JK Cement sees revenue rise in March quarter13 May 2024, Published under Cement NewsIndia-based JK Cement has reported total income of INR29,820.3m (US$357m) in the quarter ended 31 March 2024, compared to INR27,006.7m in the same quarter a year earlier. Profit after tax over the same period advanced from INR1393.6m to INR2359.5m, while basic earnings per share improved from INR18.04 to INR30.54. Total expenses increased from INR25,102.8m in the three months ended 31 March 2023 to INR26,332.5m in the same period a year later, mainly driven by higher purchases of stock ... |
IKN completes the start-up of two clinker coolers in India09 May 2024, Published under Cement NewsChettinad Cement has successfully installed the first IKN Pendulum cooler within the group. The IKN pendulum cooler, after a successful trial run, is now poised to deliver exceptional cooling performance for Chettinad Kallur Line No2. Meanwhile, the new IKN Pendulum cooler has successfully undergone a cold trial at UltraTech Cement ’s Tadipatri plant, for a production capacity of 10,000tpd. This marks the second IKN cooler installed at the plant to improve and sustain energy effici... |
Birla Corp reports 127% jump in net profit07 May 2024, Published under Cement NewsBirla Corp has continued its steady progress of the first three quarters of fiscal 2023-24 to end the year on a high, with record cement sales by volume and a 127 per cent growth in net profit in the March quarter, despite unusually weak market conditions. After steadily ramping up the Mukutban unit, the company’s cement division achieved a capacity utilisation rate of 97 per cent for the March quarter, marking yet another milestone. Consolidated net profit for the March quarter came i... |
Orient Cement posts INR682 4Q net profit03 May 2024, Published under Cement NewsCK Birla Group subsidiary Orient Cement Ltd reported a 1.4 per cent uptick in revenue from operations to INR8.88bn in January-March 2024 when compared with the equivalent quarter of the previous year, when revenue reached INR8.76bn. Total expenses rose marginally to INR7.855bn. The company's net profit edged up by 1.2 per cent YoY to INR681.9m in the 4QFY23-24 from INR673.7m in the year-ago period. For the financial year ended 31 March 2024, Orient Cement's profit increased 42.4 per c... |
Ambuja Cements announces record results02 May 2024, Published under Cement NewsAmbuja Cements , part of the Adani Group , has reported record-breaking financial results for the 4QFY23-24 as well as the full year, ended 31 March 2024. According to the company, the strong performance has been driven by improved KPIs in all operational parameters. The 4QFY23-24 saw consolidated sales volumes of cement and clinker of 16.6Mt, compared to 14.1Mt in the same period a year earlier. Consolidated revenue came in at INR88,940m (US$1.065bn), versus INR79,660m in the comparab... |
UltraTech Cement sales up 9% YoY30 April 2024, Published under Cement NewsIndia’s UltraTech Cement , part of the Aditya Birla Group, has reported a strong performance in the 4QFY24, ended 31 March 2024. Consolidated net sales for the three-month period came in at INR200,690m (US$2.4bn), marking a nine per cent advance YoY, while profit after tax advanced 36 per cent YoY to INR22,580m. For the full year 2024, the company reported a 12 per cent improvement in consolidated net sales to INR698,100m. Profit after tax came in at INR70,050m, up 38 per cent YoY, whil... |
Sanghi Industries sees revenue decline YoY30 April 2024, Published under Cement NewsSanghi Industries has posted revenue of INR2883.3m (US$34.5m) in the quarter ended 31 March 2024. This compares to INR2270.1m in the same period a year earlier. Net loss over the same period came in at INR190.2m, versus INR1045.6m in the year-ago period. According to the company, the basic loss per share from continuing operations stood at INR0.74 over the three-month period, down from INR4.14 in the same quarter in 2023. For the full year ended 31 March 2024 (FY24), Sanghi reported re... |
ERP for increased cement industry efficiency30 April 2024, Published under Cement NewsEnterprise resource planning (ERP) brings together the myriad of data flows in a cement company, enabling staff to make informed decisions on how to manage operations. This article provides an overview of the benefits to be gained. By Karthikeyan Selvarathinam, Ramco Systems Ltd, India. W ith the cement sector expected to show a CAGR of 5.4 per cent in the next five years, the industry is forecast to supply a US$498.23bn market by 2028. However, significant socio-political, macro-economi... |
Shiva Cement reports loss in FY2429 April 2024, Published under Cement NewsIndia-based Shiva Cement Ltd has reported revenue from operations of INR1444.5m (US$17.3m) in the quarter ended 31 March 2024. This compares to INR978.5m in the previous quarter. The company saw a total loss for the three-month period of INR119.2m, down from the INR323.8m loss recorded in the previous quarter. Total expenses over the same period advanced from INR1423.1m to INR1605.4m. For the full-year 2024, ended 31 March 2024, revenue from operations stood at INR3467.2m. A total loss... |