Cement News tagged under: india
Ramco Cements' profits hit by rising production costs10 November 2022, Published under Cement NewsRamco Cements Ltd has reported unaudited standalone revenue of INR17,932m (US$220m) in the quarter ended 30 September 2022. This compares with INR17,793m in the previous quarter and INR15,010m in the same quarter a year earlier. Net profit in the September 2022 quarter came in at INR114.7m, down from INR1122.7m in the previous year and significantly lower than the INR5170.8m reported in the September 2021 quarter. Power and fuel costs have advanced from INR2862.5m in the September 2021 ... |
Anjani Portland Cement sees revenue slip and profits tumble09 November 2022, Published under Cement NewsIndia's Anjani Portland Cement Ltd has reported standalone revenue from operations of INR1068m (US$13.05m) in the quarter ended 30 September 2022, compared to INR1047m in the same period a year earlier. The previous quarter, ended 30 June 2022, saw revenue of INR1106m. Net profit for the September 2022 quarter came in at a loss of INR106.6m, versus a gain of INR68.9m in the same quarter a year earlier. The quarter ended 30 June 2022 reported a loss of INR25.7m. Earnings per share fell f... |
Udaipur Cement Works orders new VRM09 November 2022, Published under Cement NewsUdaipur Cement Works Ltd ( JK Lakshmi Cement group ) has ordered a Gebr Pfeiffer MVR vertical mill for grinding blended cement with a capacity of 350tph at a target fineness of seven per cent at R45µm. The mill with an integrated high-efficiency classifier of the type SLS 6000 VC will be equipped with a 6680kW drive. A special feature of the grinding system is that the fly ash is not dry but will be delivered with a moisture content of up to 20 per cent. As the grinding plant is located... |
The India Cements Ltd sees 8% advance in revenue08 November 2022, Published under Cement NewsThe India Cements Ltd has reported consolidated revenue from operations of INR13,270m (US$161.5m) in the quarter ended 30 September 2022, compared to INR12,340m in the same period a year earlier, an increase of 7.5 per cent YoY. Profit over the same period fell from a gain of INR320m to a loss of INR1210m, reports Dow Jones Newswires. Basic earnings per share came in at -INR3.62 versus INR0.87 in the quarter ended 30 September 2021. Power and fuel costs over the same timeframe jumped from ... |
Adani Enterprises posts three-fold rise in revenue07 November 2022, Published under Cement NewsAdani Enterprises Ltd has posted a three-fold rise in revenue in the second quarter of FY22-23. Revenue for the three-month period came in at INR387,150m (US$4694m), compared to INR132,180m in the 2QFY21-22. EBITDA over the same timeframe advanced by 69 per cent to INR21,360m, while profit after tax improved by 117 per cent to INR4610m, reports The Times of India. Led by Asia’s richest person, Gautam Adani, the company has made inroads into the infrastructure and cement manufacturing se... |
Fuel and power costs hit profits at JK Lakshmi Cement07 November 2022, Published under Cement NewsIndia-based JK Lakshmi Cement Ltd has reported consolidated revenue from operations of INR13,735m (US$166.9m) in the quarter ended 30 September 2022. This compares to INR16,541m in the previous quarter and INR12,088m in the same quarter a year earlier. EBITDA in the September 2022 quarter came in at INR1835m, versus INR2637m in the previous quarter and INR2116m in the same quarter in 2021. Net profit after tax fell from INR872m in the quarter ended 30 September 2021 to INR617.9m in the ... |
Dalmia Bharat Ltd reports 77% fall in consolidated net profits in Jul-Sep quarter04 November 2022, Published under Cement NewsDalmia Bharat Ltd has reported a 76.84 per cent decline in consolidated net profit at INR470m (US$5.68m) for the quarter ended September. The company had posted a net profit of INR2030m during the July-September quarter a year ago, Dalmia Bharat said in a regulatory filing. Its revenue from operations increased 15.11 per cent to INR29,710m in the second quarter of the current fiscal. In the year-ago period, the same stood at INR25,810m. Dalmia Bharat's total expenses rose nearly 29... |
Gujarat Sidhee Cement sees fall in revenue04 November 2022, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has reported unaudited revenue from operations of INR1422m (US$17.16m) in the quarter ended 30 September 2022, down from INR1663m in the same period a year earlier. Profit over the 2022 three-month period posted a loss of INR154m, compared to a loss of INR0.8m in the same quarter in 2021. Basic earnings per share over the 2022 quarter came in at -INR1.73, versus -INR0.01 in the comparable period in 2021. In the half year ended 30 September 2022, revenu... |
Sagar expects Andhra outcome before end of 202203 November 2022, Published under Cement NewsSagar Cements expects to announce the outcome of its bid to acquire Andhra Cements before the end of December 2022. Sagar currently has a production capacity of 8.25Mta but hopes to expand this to 10Mta by FY24-25. Andhra Cement would bring with it 1.8Mta of cement capacity and 1.65Mta of clinker capacity. According to a report in BusinessLine Online, Sagar Cements is fully prepared for the acquisition to go through. "We are fully funded from Andhra perspective. We took a INR500 odd cro... |
Saurashtra Cement sees revenue decline 13% YoY03 November 2022, Published under Cement NewsIndia’s Saurashtra Cement Ltd has reported consolidated revenue from operations of INR1864m (US$22.5m) in the quarter ended 30 September 2022. This compares to INR2145m in the previous quarter and INR1775m in the same quarter a year earlier. In the six months ended 30 September 2022, revenue from operations came in at INR4010m, up from INR3425m in the same period a year ago. In terms of profit, the quarter under review saw a net loss of INR225m, compared to a loss of INR10.2m in the prev... |