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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 declined 13% to Rs 4,510.55 crore in FY21 over FY20. The company's board has approved a dividend of...
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 crore on 4.7% rise in net sales to Rs 13476.33 crore in the year ended 31 March 2021 over the year ended...
Failed health care vote on friday that this was the normal reaction investors would have. again, i would say it's very interesting it's been measured. we haven't 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 companies that are tied to things like infrastructure. so we've seen cement makers do pretty well. w...