Fri, Aug 09, 2024
India Cements Ltd reports a consolidated net profit of Rs 58.47 crore for Q1 FY24 despite a 26% decline in sales volume. The company benefited from a Rs 240.68 crore gain from the sale of its Parli unit. However, revenue fell by 28.53%, and operating margins were impacted by a liquidity crunch and lower cement prices. The company anticipates improved rural demand and positive industry prospects due to upcoming infrastructure investments. Shares settled at Rs 366.90 on the BSE.
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Mon, Jul 29, 2024
After the recent acquisition, UltraTech Cement will also issue an open offer for additional buyback in India Cements.
Sun, Jul 28, 2024
The board of the Aditya Birla firm on Sunday approved the proposal to acquire the promoters' 32.72 per cent stake at Rs 390 per share, UltraTech said in a regulatory filing on Sunday.
Mon, May 24, 2021
India Cements declared Q4 result on Monday. The cement company posted a consolidated net profit of Rs 43.97 crore for the fourth quarter ended March 2021.
Thu, Apr 15, 2021
Radhakishan Damani portfolio stocks: Billionaire investor and promoter of Avenue Supermarts (D-Mart) Radhakishan Damani holds a portfolio of over 20 stocks. Damani, a celebrity investor, has invested in sectors like cement, technology and retail. He is also the eighth richest Indian with over $14 billion wealth according to the Forbes Billionaires list.
Fri, Feb 12, 2021
Zee Business Managing Editor Anil Singhvi on Friday invited market expert Jay Thakkar on the popular Special Mid-Cap Stocks show and asked him to reveal stocks that could give good returns to investors.
Tue, Dec 01, 2020
Central was stable while North/West saw correction in the range of Rs 2-5/bag while prices were weaker in South/East (down by Rs 5-10/bag). At an all India level (simple average of all regions), cement prices would be down by 1-1.5% on MoM basis. Assuming current prices continue, the Dec 20 quarter could see realization weakness of 1-2.5% QoQ across our coverage universe (lowest for Shree / Ultratech and highest for Dalmia Bharat).
Wed, Nov 25, 2020
The demand outlook remains robust, with other pillars (infra and urban) picking up as rural demand normalises. Cost pressures (mainly power/fuel and freight) are rising but are likely to be partly offset by resilient prices. For FY21 CLSA expects a 7% YoY volume decline and a 14% YoY EBITDA/t increase for their coverage. ACC, Dalmia Bharat and Ultratech Cement are their top sector picks in cement space.
Thu, Sep 10, 2020
Stock Market Closing Bell Today: Following strong global sentiments throughout the intraday trade session, the Indian indices ended in the green zone after the closing bell today.
Wed, Aug 07, 2019
Earnings session:The stock market witnessed a massive fall in the last couple of sessions. Investors have lost crores of rupees. Here are experts view on these stocks.
Wed, May 29, 2019
Rating agency CLSA on Wednesday, stated that, cement stocks are up 10-30%YTD (vs +10% for Nifty) led by cement pricing rebound.
Mon, Oct 29, 2018
Certain stocks that came in news post market hours and can have an impact on the market when it reopens for trade on October 29, 2018.
Sun, Oct 28, 2018
India Cements Ltd said Sunday it has agreed to acquire Springway Mining at a total consideration of Rs 182.89 crore to set up a cement plant in Madhya Pradesh.
Sat, Aug 11, 2018
Net income declined to Rs 1,366.17 crore during April-June quarter of 2018-19 fiscal from Rs 1,466.75 crore in the year-ago period. Expenses, however, remained lower at Rs 1,339.48 crore as against Rs 1,426.32 crore in the said period.
Fri, Feb 09, 2018
For the nine month ending December 31, 2017, net profits of the Chennai-based company stood at Rs 65.35 crore as against Rs 141.73 crore registered during a year ago period
Sat, Nov 19, 2016
Cement manufacturer - India Cements reported net profit of Rs 62.41 crore for the second quarter September 30, 2016, registering growth of 62.10% year-on-year (yoy) and 41.90% quarter-on-quarter (qoq).
Thu, Aug 18, 2016
The company's operating profit was at Rs 204.61 crore, rising by 2.08% year-on-year (yoy). It's operating profit (OPM) margin was at 16.96%, expanding by 62 basis points yoy.
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