Cement News tagged under: Burnpur Cement

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Burnpur Cement posts net loss in the March quarter

03 June 2021, Published under Cement News

India’s Burnpur Cement has seen an INR158.7m (US$2.17m) standalone net loss in the January-March quarter of 2021, compared to INR1.25bn in the year-ago period. However, net revenue surged 142 per cent YoY to INR432m from INR178.5m in the 4Q19-20. Operating expenses increased 138.7 per cent YoY to INR421.8m from INR176.7m.

Burnpur Cement sees net loss widen in 2Q

12 November 2020, Published under Cement News

India’s Burnpur Cement has seen its standalone net loss widen to INR297.8m (US$3.99m) in the second quarter of FY20-21, against an INR21.3m loss in the 2QFY19-20. However, net revenue advanced 19.3 per cent YoY to INR228.5m from INR191.5m. The company’s operating expenses increased 102.7 per cent to INR362.9m from INR179m in the year-ago period.

Burnpur Cement sees net revenue down 2% YoY

18 August 2020, Published under Cement News

India’s Burnpur Cement has reported a standalone net loss of INR163.9m (US$2.19m) in the first quarter of FY20-21, compared to an INR18.4m loss in the year-ago period.  Net revenue for the company also saw a marginal decrease of 1.9 per cent YoY to INR196.7m from INR200.4m.

Burnpur Cement sees net loss widen in 4Q

25 June 2020, Published under Cement News

India’s Burnpur Cement has seen its standalone net loss widen to INR1.25bn (US$16.53m) in the quarter ending 31 March 2020, compared to an INR31.2m net loss in the corresponding period last year. Net revenue was down 25.7 per cent to INR178.5m from INR240.2m in the 4QFY18-19. However, operating expenses also declined 25.7 per cent YoY to INR176.7m from INR237.8m.

Burnpur Cement posts net loss of INR31.2m in 4QFY18-19

20 May 2019, Published under Cement News

Indian cement producer Burnpur Cement has reported a net loss of INR31.2m (US$448,725) in the fourth quarter of FY18-19. This compares to a net loss of INR39.5m posted in the previous year’s quarter ended March 2018. Sales rose 29.1 per cent YoY to INR240.2m from INR18.61m. For the full financial year, net loss came down to INR126.7m in FY18-19 from INR444.9m in FY17-18. Sales increased 106.3 per cent to INR867.6m in the FY18-19 from INR420.6m in the previous financial year.

Burnpur Cement reports 61% revenue increase

18 January 2019, Published under Cement News

India’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier. However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per cent YoY. Meanwhile, operating expenses surged by 65.4 per cent in the third quarter to INR225.3m fr...

Burnpur Cement reports net loss of INR441m in Apr-Jun quarter

16 August 2018, Published under Cement News

India’s Burnpur Cement reported a net loss of INR44.1m (US$0.629) in the quarter ended 30 June 2018. In the year-ago period the cement producer saw a net loss of INR334.2m. Burner’s sales reached INR195.9m in the April-June quarter.

Burnpur Cement announces net loss in FY18

30 May 2018, Published under Cement News

India’s Burnpur Cement reported a INR39.5m (US$585,316) net loss in the quarter ending 31 March 2018, improving from the INR233.1m net loss of the year-ago period. Furthermore, sales increased 419.8 per cent to INR186.1m from INR35.8m. In the full-year FY18 period, the company recorded a INR444.9m net loss (FY17: INR597.7m). However, sales decreased 43.4 per cent to INR420.6m (FY17: INR743.4m).

State Bank of India may take five companies to NCLT

14 March 2018, Published under Cement News

Burnpur Cement and four Patni Group entities may be brought to the National Company Law Tribunal (NCLT) by the State Bank of India (SBI) for insolvency proceedings, according to The Economic Times. The Patni Group has defaulted on INR30bn (US$462.17m) of unpaid loans and dues, while Burnpur has defaulted on INR2.5bn. SBI has not commented on the allegations that it will take the borrowers to court. The bank currently accounts for the highest amount of gross non-performing assets in the cou...

India: Burnpur Cement to launch new PPC product

21 February 2017, Published under Cement News

Burnpur Cement Ltd has informed BSE that the management has decided to launch new Pozzolan Portland Cement (PPC) from its Patratu plant by the third week of April 2017. After the production of PPC, the capacity utilisation of the plant will be running at 100 per cent and the turnover of the company is forecast to increase.