Page 2 - Cement Maker News Today

Kotak Special Situations Fund, the alternative investment arm managed by Kotak Investment Advisors Ltd, will invest ₹550 crore in cement maker Sanghi Industries Ltd from its $1 billion fund

Total revenue from operations during the quarter under review was Rs 4,468.42 crore as against Rs 3,884.94 crore in the year-ago period.

ACC Q1 net profit down 29.5% to Rs 396.33 cr; revenue up 3% to Rs 4,426.5 cr

Cement sales growth in SA have been more sedate in the year to end-March, but remain above pre-Covid-19 levels

Rwanda cement makers are also facing stiff competition for the DRC market from regional players.

Following the planned retrofit, which will cost at least 100 million euros ($122 million), the plant will be able to capture up to 1.8 million tonnes of carbon dioxide per year, which corresponds to the sites total emissions.

Revenue from operations increased 6.9% year-on-year (YoY) to Rs 1,472.45 crore during the quarter. The company reported a pre-tax profit of Rs 71.88 crore in Q4 FY21 compared with pre-tax loss of Rs 68.75 crore in Q4 FY20. The company incurred a current tax expense of Rs 10 crore in the fourth quarter. The cement makers net profit surged to Rs 206.77 crore in the year ended 31 March 2021, steeply higher than net profit of Rs 50.16 crore in the year ended 31 March 2020. Revenue from operations ...

The cement maker reported 49% jump in consolidated net profit to Rs 798.43 crore on 23.1% rise in net sales to Rs 4204.88 crore in Q4 FY21 over Q4 FY20. Interest outgo declined 21.1% to Rs 58.28 crore while depreciation costs were lower by 28.9% to Rs 330.21 crore in the fourth quarter compared with the same period last year. Profit before tax in Q4 FY21 stood at Rs 979.78 crore, up 59% from Rs 616.36 crore in Q4 FY20. The cement makers consolidated net profit increased 48.8% to Rs 2285.87 cror...

Shiva Cement fell 3.03% to Rs 20.80 after the company reported a net loss of Rs 5.72 crore in Q4 FY21 compared with net loss of Rs 6.32 crore in the same period last year. Net sales during the quarter fell 6.4% year-on-year (YoY) to Rs 7.92 crore. Interest outgo, however, declined 22.3% to Rs 2.93 crore in Q4 FY21 over Q4 FY20. Consequently, the company reported a pre-tax loss of Rs 7.52 crore in Q4 March 2021 as against pre-tax loss of Rs 8.41 crore in Q4 March 2020. The cement maker reported...

Read more about Ambuja Cements gains after Q4 PAT rises 41% YoY on Business Standard. Ambuja Cements rose 0.60% to Rs 284.55 after the company reported 41% rise in standalone net profit to Rs 497 crore in Q4 FY20 from Rs 352 crore in Q4 FY19.