Cement News tagged under: Results
Shree Cement YoY profit hit by fuel expenses10 February 2023, Published under Cement NewsShree Cement Ltd has reported total income of INR42,300.2m (US$513m) in the quarter ended 31 December 2022. This compares to INR39,374.9m in the previous quarter and INR36,618.9m in the same quarter a year earlier. Profit over the December 2022 quarter came in at INR2767.7m, up from INR1896m in the previous quarter but down from the INR4919.9m reported in the December 2021 quarter. Power and fuel expenses advanced from INR8078.m in the quarter ended 31 December 2021 to INR13,027.4m in ... |
Power and fuel costs hit profits at Ramco Cements09 February 2023, Published under Cement NewsRamco Cements Ltd has reported revenue of INR20,180.9m (US$244.3m) in the quarter ended 31 December 2022. This compares to INR17,932m in the previous quarter and INR15,558.8m in the same quarter a year earlier. Net profit after tax fell from INR825.7m in the December 2021 quarter, to INR673.9m in the same period a year later, while basic earnings per share declined from INR3.49 to INR2.85. Over the nine months ended 31 December 2022, revenue came in at INR55,906.8m, up from INR42,915.8... |
The India Cements Ltd sees revenue slip MoM07 February 2023, Published under Cement NewsThe India Cements Ltd has reported revenue from operations of INR12,194m (US$147.3m) in the quarter ended 31 December 2022. This compares to INR12,546m in the previous quarter and INR11,084m in the quarter ended 31 December 2021. In the October-December 2022 quarter, the company saw a profit of INR907.3m, compared to a loss of INR1375m in the previous quarter and a profit of INR33m in the same quarter a year earlier. Power and fuel expenses jumped from INR3518m in the December 2021 quar... |
JK Cement reports revenue rise06 February 2023, Published under Cement NewsJK Cement Ltd reported total revenue of INR23,097.8m (US$279.5m) in the quarter ended 31 December 2022. This compares to INR21,646m in the previous quarter and INR19,667.8m in the same period a year earlier. Profit after tax in the December 2022 quarter came in at INR965.7m, down from INR1248.4m in the previous quarter and a significant fall from the INR1673.4m recorded in the December 2021 quarter. Among the costs that have risen during 2022 are power and fuel, which advanced from INR4... |
ACC Ltd posts 14% rise in revenue02 February 2023, Published under Cement NewsACC Ltd has reported a 14 per cent increase in revenue to INR45,370m (US$554.7m) in the quarter ended 31 December 2022, up from INR42,260m in the same period a year earlier. EBITDA over the same timeframe fell from INR6100m to INR4190m, while the EBITDA margin declined from 14.7 to 9.4 per cent. Sales volumes over the three-month period stood at 7.7Mt of cement and clinker, on a par with the same quarter in 2021, while sales volumes of ready-mixed concrete advanced marginally from 0.73M... |
Udaipur Cement Works reports revenue growth01 February 2023, Published under Cement NewsIndia’s Udaipur Cement Works Ltd has announced unaudited revenue from operations of INR2381.7m (US$29.13m) in the quarter ended 31 December 2022. This compares to INR2200.5m in the previous quarter and INR2077.6m in the same period a year earlier. Net profit after tax in the quarter ended 31 December 2022 stood at INR32.2m, versus INR21.8m in the previous quarter and INR53.9m in the same period in 2021. Power and fuel costs advanced from INR549.2m in the quarter ended 31 December 2021 t... |
Orient Cement sees revenue improve01 February 2023, Published under Cement NewsIndia-based Orient Cement Ltd has reported unaudited revenue from operations of INR7322.9m (US$89.6m) in the quarter ended 31 December 2022. This compares to INR6152.8m in the previous quarter and INR6175.3m in the same period a year earlier. Net profit for the quarter ended 31 December 2022 stood at INR275.2m, versus a loss of INR94.9m in the previous quarter and a profit of INR436.7m in the same period in 2021. Power and fuel costs advanced from INR1399.1m in the quarter ended 31 De... |
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... |
Titan announces increase in EBITDA after strong 4Q2225 January 2023, Published under Cement NewsTitan Cement has issued a trading update ahead of the group’s full-year results on 22 March 2023, as the preliminary results for EBITDA in the fourth quarter of 2022 are significantly higher compared to market consensus. According to the company, the 4Q22 was very strong for the Titan Cement Group. Sales activity and revenues remained robust while energy costs, as a result of cost-saving actions and market conditions, declined. As a result, preliminary EBITDA for the quarter is EUR98m,... |
Asia Cement forecasts 75% fall in profit20 January 2023, Published under Cement NewsAsia Cement (China) Holdings Corp has issued a profit warning stating that its unaudited profit attributable to equity holders for 2022 is expected to decline by approximately 75 per cent YoY. This is being blamed on a fall in sales volumes and selling prices of the company’s products, along with an increase in the cost of coal, compared to 2021. Full results for 2022 will be published at the end of March 2023. |