Cement News tagged under: Results
Birla Corp reports 14% revenue growth in 2QFY2413 November 2023, Published under Cement NewsBirla Corp has reported revenue of INR22,858.3m (US$274.5m) in the 2QFY24 ended 30 September 2023. This marks a 14.3 per cent YoY increase. Net profit in the 2QFY24 came in at INR583.7m, compared to a loss of INR564.6m in the same period a year earlier. The rise in profit has been attributed to a number of factors, including cost initiatives and optimisation of the power and fuel mix, according to the company. Cement sales over the same three-month period advanced by 14.8 per cent YoY to 4... |
Ramco Cements reports YoY profit advance13 November 2023, Published under Cement NewsThe Ramco Cements Ltd recorded total income of INR23,427.9m (US$281.3m) in the quarter ended 30 September 2023. This compares to INR22,489.m in the previous quarter and INR17,932m in the same period a year earlier. Net profit after tax has advanced from INR114.7m in the quarter ended 30 September 2022 to INR1013m in the corresponding period in 2023, while earnings per share improved from INR0.48 to INR4.28 over the same timeframe. Total expenses also increased, up from INR17,771.8m in t... |
Anjani Portland Cement reports revenue fall YoY13 November 2023, Published under Cement NewsAnjani Portland Cement Ltd , a subsidiary of Chettinad Cement Corp Pvt Ltd , has reported total income of INR1011.5m (US$12.14m) in the quarter ended 30 September 2023. This compares to INR1109.5m in the previous quarter and INR1069.7m in the same quarter in the previous year. The company has posted a loss of -INR64.2m in the September 2023 quarter, up from the loss of -INR106.6m in the quarter ended 30 September 2022. Total expenses over the same period fell from INR1081.6m to INR1180.... |
Orient Cement sees revenue expand 17% YoY13 November 2023, Published under Cement NewsOrient Cement, part of the CK Birla Group , has reported total income of INR7222.4m (US$86.6m) in the 2QFY24, ended 30 September 2023. This marks a 16.5 per cent increase on the same period a year earlier. Net profit in the September 2023 quarter came in at INR246.2m, compared to a net loss of INR94.9m in the 2QFY23. The quarter also saw the company approve a reduction in the solar power plant capacity for its Jalgaon plant from 5.5MWdc to 3.7MWdc to help maximise return on investme... |
Votorantim Cimentos posts 36% profit growth in 3Q2310 November 2023, Published under Cement NewsVotorantim Cimentos has posted revenue of BRL7.4bn (US$1.51bn) in the third quarter of 2023, down three per cent compared to the same period a year earlier. The decline has been attributed to “market dynamics and the negative impact of the appreciation of the Real.” Net profit over the three-month period came in at BRL824m, marking a 36 per cent increase YoY. Cement sales in the 3Q23 stood at 10.3Mt, a one per cent uptick on the same period in 2022. Consolidated adjusted EBITDA reached... |
Burnpur Cement posts YoY revenue growth10 November 2023, Published under Cement NewsIndia’s Burnpur Cement Ltd has posted total revenue of INR434.8m (US$5.22m) in the quarter ended 30 September 2023, up from INR330.3m in the same period a year ago. A loss of INR191.5m was recorded over the September 2023 quarter from continuing operations, versus a loss of INR202.5m in the same period in 2022. Earnings per share have improved from -INR2.35 in the quarter ended 30 September 2022 to -INR2.22 in the same quarter the following year. According to the company, expenses have ri... |
Shree Cement reports YoY revenue growth08 November 2023, Published under Cement NewsShree Cement Ltd has reported standalone unaudited revenue of INR47,107.1m (US$566m) in the quarter ended 30 September 2023, down from INR51,607.8m in the previous quarter but up from the INR39,374.9m posted in the quarter ended 30 September 2022. Profit after tax in the September 2023 quarter came in at INR4913.3m, marking a decline from INR5811.2m in the previous quarter, and a significant increase from the INR1896m seen in the September 2022 quarter. Expenses in the quarter ended 30 ... |
Deccan Cements sees revenue decline07 November 2023, Published under Cement NewsIndia's Deccan Cements Ltd has reported total revenue of INR1709m (US$20.52m) in the quarter ended 30 September 2023, down from INR1952m in the previous quarter and INR1822m in the quarter ended 30 September 2022. Profit in the September 2023 quarter came in at INR47.2m, marking a significant drop from the INR141.4m posted in the previous quarter, and down from INR65.6m in the September 2022 quarter. Total expenses declined from INR1732m in the quarter ended 30 September 2022 to INR1633... |
JK Cement reports uptick in revenue07 November 2023, Published under Cement NewsJK Cement Ltd has posted total revenue of INR25,984m (US$312.3m) in the three months ended 30 September 2023. This compares to INR21,584m in the same period a year earlier. Profit after tax for the September 2023 quarter came in at INR1789m, up from INR1257m in the same quarter in 2022. Basic and diluted earnings per share over the same period advanced from INR16.15 to INR23.16. Meanwhile, total expenses expanded from INR19,912m to INR23,527m, driven by increases in the cost of materia... |
Dangote posts 53% YoY rise in revenue in 3Q2330 October 2023, Published under Cement NewsDangote Cement Plc has reported revenue of NGN563.77bn (US$703.77m) in the third quarter of 2023, up 52.7 per cent compared to the same period in the previous year. Gross profit over the same period advanced by 46.3 per cent to NGN304.11bn, while pretax profit surged 132.4 per cent to NGN165.03bn. Profit after tax leapt to NGN98.95bn, marking a 141.3 per cent YoY advance. Meanwhile, earnings per share were up by 138.3 per cent YoY to NGN5.38 in the 3Q23. Even with a 33 per cent YoY ris... |