Cement News tagged under: Anjani Portland Cement

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Anjani Portland Cement sees 51% revenue increase

16 August 2021, Published under Cement News

India’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same period of the previous year. Net profit was up 20.6 per cent YoY to INR230.7m from INR191.3m in the 2Q20.

Anjani Portland to acquire controlling stake in Bhavya Cements

27 May 2021, Published under Cement News

India’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of INR51.53/share (US$0.7/share). The objective of the deal is to improve the market presence of the company through the addition of a new brand, according to Anjani Portland. Bhavya currently operates around 1.4Mta of cement capacity and has annual revenues in the region of INR3bn.

Anjani Portland Cement posts 111% rise in profit

26 May 2021, Published under Cement News

India’s Anjani Portland Cement has reported a largely stable total income in the full-year period ending 31 March 2021, reaching INR4.14bn (US$56.9m) from INR4.13bn in the FY19-20. However, net profit surged 110.6 per cent YoY to INR849.8m from INR403.5m in the previous fiscal.

Anjani Portland Cement reports net profit rise in FY19-20

01 July 2020, Published under Cement News

India’s Anjani Portland Cement has reported a 14.7 per cent decline in total income to INR1.03bn (US$13.63m) for the final quarter of FY19-20, compared to INR1.21bn in the year-ago period. Net profit also fell 30.2 per cent YoY to INR80.4m from INR115.1m. In the full FY19-20, total income was down 5.9 per cent to INR4.13bn from INR4.39bn in the previous fiscal year. However, net profit surged 74.2 per cent YoY to INR403.5m from INR231.6m in the FY18-19.

Anjani Portland Cement sees profit rise 165%

11 February 2020, Published under Cement News

India’s Anjani Portland Cement has seen a 165 per cent increase in net profit to INR62.8m (US$881,229) for the quarter ending 31 December 2019, rising from INR23.7m in the year-ago period. However, net income declined 15 per cent YoY to INR938.1m from INR1.1bn. In the first nine months of the FY19-20, net sales fell 2.5 per cent YoY to INR3.1bn from INR3.18bn. Despite this, profit advanced 177.6 per cent to INR323.1m from INR116.4m.

Anjani Portland records 22% rise in net sales

06 February 2019, Published under Cement News

India’s Anjani Portland Cement Ltd has recorded a 22.2 per cent YoY rise in net sales to INR1.1bn (US$15.3m) for the third quarter of FY18-19, compared with INR902.7m of the year-ago period. However, net profit declined 27.5 per cent to INR23.7m from INR32.7m. In the nine months to 31 December 2018, the company saw a 15.5 per cent YoY increase in net sales to INR3.18bn from INR2.75bn. Net profit fell 32.5 per cent to INR116.3m in the 9MFY18-19, compared with INR172.3m of the previous year.

Anjani Portland records 15% net sales increase

16 November 2018, Published under Cement News

India’s Anjani Portland Cement has reported a 15 per cent increase in net sales to INR1.05bn during the 2QFY18-19 ended 30 September, rising from INR912.9m of the year-ago period. However, net profit has fallen 51.6 per cent YoY to INR32.3m from INR66.8m. In the first six months of the fiscal year, net sales advanced 12.2 per cent to INR2.07bn. Whereas net profit declined 33.6 per cent to finish at INR92.6m, compared with INR139.5m of the 1HFY17-18.

Anjani Portland Cement plans to expand capacity

23 March 2018, Published under Cement News

India’s Anjani Portland Cement has approved plans to construct an additional clinker production unit at its plant in Suryapet, Telangana. The project will see an investment of INR4bn (US$61.49bn) to expand the facility’s capacity from 1.16Mta to 2.31Mta, according to India Infoline. The expansion is expected to be completed by December 2019, and will be funded through either internal accruals, inter-corporate deposits or bank loans.

Anjani Portland Cement sees 2QFY17 profit halve

10 November 2017, Published under Cement News

Indian cement producer Anjani Portland Cement reported a 53.5 per cent YoY fall in profit to INR66.9m (US$1.03m) for the quarter ended 30 September 2017 (2QFY17). In the 2QFY16 profit reached INR143.9m. Revenues from operations during the quarter rose 0.8 per cent YoY from INR903.2m in the year-ago period to INR910.4m.

India: Anjani Portland Cement commissions power plant

12 January 2017, Published under Cement News

According to reports in the Hindu, Anjani Portland Cement has commissioned a 16MW captive coal-fired power plant at its cement unit in Telangana.