Page 2 - Cement Makers News Today

Cement makers are passing tough times amidst a decline in demand from public construction in tune with the government's austerity measures and sluggish private initiatives on building homes and other facilities for inflation.

While developers have alleged cartelisation by manufacturers, the real estate firms have been accused of inflating prices

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...

Failed health care vote on friday that this was the normal reaction investors would have. again, i would say its very interesting its been measured. we havent seen a massive panic selloff, just weakness in markets. following last week, it will be curious to see wlorn hether or t stays that way. rtain -- across the board or >> reporter: many industries specifically tied to donald trump are seeing some of the volatility in trading. what we have seen today is a rebound in some of the stocks and com...

The web by yahoo, the president said people arent better off than they were four years ago. a new abc news "washington post" poll says most people think mr. obama will be a one-term president. to counter that, he and his aides want to make campaign about more than jobs what president called the contest of values. republicans are focusing on government regulations. house speaker john boehner warned in a letter to the president that new regulations on cement makers and boilers used by hospitals, f...

They are restoring, rebuilding, the crumbling brick and mortar of this historic site. more than $7 million in stimulus money is making it possible. its grueling, but for dennis wood, a mason from massachusetts, its work hes glad to have. >> things are slow today though, got a job offer down there so we took it. >> reporter: if it wasnt for you working -- >> probably be laid off right now. >> reporter: the seven masons and eight support workers were unemployed before the job. others benefited too...