Tue, Aug 20, 2024
The Supreme Court in its order on August 14 allowed mineral rich states to seek dues from April 1, 2005 on royalty and tax on mineral rights and mineral-bearing land from the Centre in a staggered period of 12 years.
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Thu, Apr 04, 2024
Analysts at InCred Equities peg the industry growth at around five to six per cent YoY in 4QFY24F, with FY24F to end with nine per cent growth.
Wed, Jan 10, 2024
Analysts predict earnings before interest, tax, depreciation, and amortisation (EBITDA) to improve in Q3 from 40 per cent to 48 per cent year-on-year (YoY).
Mon, Aug 28, 2023
According to Nirmal Bang Securities, at 93 million tonnes (MT), cement volumes in the June quarter increased by 14 per cent YoY. The overall volume was up by 10 per cent YoY at 380 MT in FY23, the brokerage notes.
Sat, Mar 18, 2023
Cement companies are expected to go on an expansion spree, and add 145-155 MT capacity between FY 2023 and 2027. That translates to a 4-5 per cent compound annual growth rate on a high base. A robust 6-7 per cent CAGR expected in demand over these five fiscals will encourage the growth in supply, Crisil said in a note.
Wed, Feb 22, 2023
The central government is focusing on increasing the earnings of the railways. For this, the focus of railways has increased on freight loading. According to the exclusive news of Zee Business, Railways is thinking of setting up a cement corridor soon in the country on the lines of the coal corridor. For this, the Railway Minister has also held a meeting with the people associated with the industry. Four clusters have also been identified in this direction. That is, in the coming time, the income of railways can be seen rising further in the coming time.
Fri, Feb 17, 2023
Antique says Cement prices hiked by Rs 15/bag. This led to a rise in shares of Ambuja Cement.
Mon, Jan 23, 2023
The Aditya Birla Group cement major reported a net profit of Rs 1,058 crore for the October-December period, as against a net profit of Rs 1,707 crore for the corresponding period a year ago.
Wed, Oct 12, 2022
Given a well laid out organic growth roadmap and relatively cheaper valuations, CLSA prefers UltraTech over Ambuja as it gives Outperform rating to the former and Sell stance to the latter.
Tue, Sep 27, 2022
On credit profile, the report, based on an analysis of 22 cement-makers that account for 85 per cent of the market volume, said higher demand will mitigate the impact of lower profitability on absolute operating profit and cash accruals of cement makers.
Sat, Sep 10, 2022
The category’s valuations re-rated post-pandemic with a sharp pick-up in demand and slower pace of capacity additions on Covid-led disruptions, the brokerage said.
Wed, Sep 07, 2022
Individually, Shree Cement shares jumped most by over 8 per cent to close at Rs 23,452.65 a share, followed by JK Lakshmi Cement shares up over 6.5 per cent to close at Rs 489.9 apiece on the BSE.
Thu, Jul 14, 2022
Cement maker ACC Ltd on Thursday reported a 60.07 per cent decline in consolidated net profit at Rs 227.35 crore in June 2022 quarter, due to rise in fuel costs and related inflationary impacts
Tue, Jul 05, 2022
Why pressure on profits of cement companies? What does JP Morgan's report say on the cement sector? Know from Armaan Nahar.
Wed, Apr 20, 2022
According to ICICI Direct Research, the cement industry is to end the FY22 with sales volume growth of 9 per cent while cost inflation remains a key near-term concern for the sector.
Sun, Apr 10, 2022
In March 2022, cement prices rose 2-3 per cent on a month-on-month (MoM) basis across regions despite some volume push, to meet the year-end targets.
Fri, Nov 05, 2021
The higher commodity prices, rising input cost and shortage of raw materials are impacting the overall cement sector, amid this CARE Ratings highlights the issues and solutions in the sector.
Mon, Sep 21, 2020
Cement Sector's condition, how much pace does Cement Sector caught , how much recovery came after Unlock?.. Know from expert
Mon, Dec 31, 2018
Companies have also increased their capacity and addition to excess capacity of the production units have also declined the overall profit margins
Thu, Mar 02, 2017
What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
Wed, Mar 01, 2017
State Bank of India (SBI) in its report said, “The Q3FY17 estimates are crucial in the sense that it should have given the impact of what happened in the economy during those two months of demonetisation.”
Tue, Feb 28, 2017
Analysts at India Ratings said, “The operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite increase in input costs. Demand will be backed by an increase in government expenditure.”
Wed, Jan 04, 2017
Laura Acres, Managing Director in Moody's Corporate Finance Group said, Strong GDP growth, capacity additions and stabilizing commodity prices will support EBITDA growth of 6%-12% over the next 12-18 months,"
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