Cement News tagged under: Shree Digvijay Cement
Shree Digvijay halts production due to cyclone19 June 2023, Published under Cement NewsShree Digvijay Cement Co has reportedly halted production at its 1.2Mta Digvijaygram integrated plant in Gujarat, India, due to a cyclone. Tropical cyclone Biparjoy made landfall in India’s western Gujarat state last Friday, bringing with it winds of 100kmph. Rainfall of up to 25cm is expected. The plant, which is located in the Jamnagar District, has a 0.96Mta clinker production capacity. |
Shree Digvijay Cement reports 15% revenue growth in 4QFY2302 May 2023, Published under Cement NewsIndia’s Shree Digvijay Cement Co Ltd (SDCC) has reported a 15 per cent YoY increase in revenue in the 4QFY22-23, ending 31 March 2023. Revenue for the quarter came in at INR1952m (US$23.9m), up from INR1692m in the same period a year earlier. Over the same period, EBITDA advanced from INR305.9m to INR410.6m, while profit after tax expanded from INR128.9m to INR244.2m. The company sold 3.34Mt of cement over the quarter, up on the 3.25Mt recorded in the 4QFY21-22. “Despite very high cost... |
Shree Digvijay Cement sees 36% revenue increase27 January 2023, Published under Cement NewsIndia’s Shree Digvijay Cement Co Ltd has reported a 36 per cent YoY increase in revenue in the 3QFY23 (ended 31 December 2022) to INR2064.4m (US$25.3m). EBITDA over the same period came in at INR170m, down from the INR200.2m seen in the same period a year earlier, while profit after tax advanced from INR72.7m to INR101.9m over the same period. Sales volumes in the 3QFY23 stood at 3.51Mt, up from 2.87Mt in the 3QFY22. For the nine months ended 31 December 2022, revenue was INR5296.8m, u... |
SDCC profit hampered by fuel costs in 2QFY22-2324 October 2022, Published under Cement NewsIndia-based Shree Digvijay Cement Co Ltd (SDCC) has reported revenue from operations of INR1620.1m (US$19.6m) in the quarter ended 30 September 2022 (2QFY23), compared to INR1538.8m in the same period a year earlier. Over the same timeframe, EBITDA fell from INR285.2m to INR171.7m, while profit after tax tumbled from INR134m to INR59.6m. In the 2QFY22-23, power and fuel expenses stood at INR819.1m, compared to INR448.5m in the same period a year earlier. “Despite a very challenging quar... |
Shree Digvijay Cement posts 8% rise in income29 April 2021, Published under Cement NewsIndia’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR274.3m. |
Shree Digvijay Cement sees 17% rise in revenue28 January 2021, Published under Cement NewsIndia’s Shree Digvijay Cement has announced a 17.2 per cent YoY increase in standalone revenue to INR1.43bn (US$19.69m) for the December 2020 quarter, compared to INR1.22bn in the year-ago period. The company also reported a 48.5 per cent YoY rise in standalone profit to INR140.2m from INR94.4m. |
Shree Digvijay Cement announces 9% rise in income30 January 2020, Published under Cement NewsIndia’s Shree Digvijay Cement has announced an 8.5 per cent increase in total income to INR1.23bn (US$17.2m) for the 3QFY19-20, compared with INR1.13bn in the year-ago period. Net profit also advanced to INR94.4m from an INR3.6m loss in the year-ago period. In the nine months ending December 2019, income rose 4.2 per cent YoY to INR3.43bn and net profit surged 671.7 per cent to INR332.6m. |
Votorantim Cimentos sells 75% share in Shree Digvijay Cement13 November 2018, Published under Cement NewsVotorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completion of a mandatory open offer to the minority shareholders of SDCCL. The acquisition would add to True North's other investments in the building materials sector namely, RDC Concrete (“RDC”), a manufacturer of ready-mix concrete and Robo Silicon (“Robo”), a manufacturer of construction aggregates. Srikrishna Dwaram, ... |
Shree Digvijay Cement posts 63% rise in sales25 April 2018, Published under Cement NewsIndia-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), while EBITDA margin fell 2.3 per cent. Total income surged 255.6 per cent to INR92m, compared to INR36m of the December 2017 quarter. While it has been posting positive results recently, the company had accumulated losses of approximately INR468m up to FY17, reports Money Control. In March 2018, Shree Digvijay ... |
Votorantim to sell Shree Digvijay stake to meet SEBI norm, India19 July 2013, Published under Cement NewsShree Digvijay Cement on Thursday said Votorantim Cimentos will dilute a 0.27 per cent stake in the company to meet the minimum public shareholding norm. “The promoter/promoter group intends to sell 0.27 per cent shareholding in the company amounting to 3,82,474 equity shares of the company on the floor of BSE,” the Gujarat-based cement maker said in a Bombay stock exchange filing. Shares would be offered for sale from 22 July - 2 August 2013, unless sold off earlier, it added. Cur... |