Cement News tagged under: Star Cement

RSS feed

Star Cement sees 4% increase in sales

26 June 2020, Published under Cement News

India’s Star Cement has reported a 3.5 per cent rise in net sales to INR5.57bn (US$73.58m) in the final quarter of the FY19-20, compared with INR5.38bn in the corresponding period of the previous fiscal. However, the company’s net profit declined 4.4 per cent YoY to INR858.3m from INR897.7m. In the full FY19-20, total income edged up two per cent YoY to INR18.73bn from INR18.37bn. Net profit declined to INR2.86bn, a 4.4 per cent fall from INR2.99bn in the FY18-19.

Star Cement reports 18% decline in net profit

07 February 2020, Published under Cement News

India’s Star Cement has reported an 18.2 per cent decline in net profit to INR459.2m (US$6.4m) in the quarter ending 31 December 2019, compared with INR561.4m in the year-ago period. However, net revenue increased 6.9 per cent YoY to INR4.29bn from INR4.01bn. Operating expenses rose 15.6 per cent in the 3QFY19-20, reaching INR3.71bn from INR3.21bn.

Star Cement sees 16% rise in net profit

07 November 2019, Published under Cement News

India-based Star Cement reported a standalone net profit of INR550.8m (US$7.8m) for the quarter ended 30 September 2019, up 16.2 per cent YoY from INR474m in the year-ago period. The company’s net revenues increased by seven per cent to INR3.735bn in the July-September quarter whencompared with INR3.49bn in July-September 2018. Operating expenses were up 9.5 per cent YoY to INR3.105bn from INR2.934bn in the equivalent quarter of the previous year while other income surged from INR2.7m to...

Star Cement receives approval for 0.6Mta Liberian project

12 August 2019, Published under Cement News

Star Cement has received approval from the Liberian government to construct a 0.6Mta plant in Monrovia at an estimated investment of US$41m. Following commissioning, the price of cement is expected to drop in the domestic market and assist a boom in the construction industry, according to a company press release. Operations are anticipated to begin within the next 12-18 months, at which time the company will begin the sale of shares. Elsewhere, Star Cement is reportedly trying to ensur...

Star Cement net profit falls 5% in 3QFY18-19

05 February 2019, Published under Cement News

Star Cement reported a stand-alone net profit of INR561.4m (US$7.7m) for the quarter ended 31 December 2018, a fall of 5.4 per cent when compared with INR593.6m reported in the year-ago period. Net revenue increased by 17.2 per cent YoY to INR4.018bn in October-December 2018 from INR3.427bn in 3QFY18-19. Operating expenses advanced 23.1 per cent to INR3.207bn YoY while other income rose by 88.2 per cent YoY to INR3.2m. Operating profit slipped by five per cent YoY to INR810.6m while th...

Star Cement announces plant expansion

08 January 2019, Published under Cement News

India’s Star Cement has announced a brownfield expansion at its grinding unit in Jalpaiguri district, West Bengal. Already the largest manufacturer in the northeast of the country, this project will expand the plant’s capacity from 1.6Mta to 2Mta. Once the company receives environmental clearance, work on the INR4.43bn (US$63.26m) plans is expected to begin by June 2019.

Star Cement records 45% rise in net profit

13 November 2018, Published under Cement News

India’s Star Cement Ltd has reported a 28.7 per cent YoY rise in net sales to INR3.62bn (US$49.98m) for the 2QFY18-19 ended 30 September, from INR2.81bn of the year-ago period. Net profit advanced 45.4 per cent to INR381.7m from INR262.6m. In the first six months of the FY18-19, net sales increased 20.2 per cent YoY to INR8.81bn. However, net profit fell 4.6 per cent to INR1.29bn, compared with INR1.35bn of the 1H17-18.

Fly ash transported through India's inland water highway

08 October 2018, Published under Cement News

As part of an ongoing project to establish a water highway route, the Inland Waterways Authority of India has successfully transported 1235t of fly ash from NTPC’s power facility in Bihar to Pandu, Assam. Following the completion of one of the country’s longest haulages in inland water transport, the material will be used by Star Cement.  "This endeavour will also establish the water highway route from Kahalgaon to Pandu in Assam via Bangladesh border helping transportation of other goods ...

Star Cement receives government subsidies to reduce debt

10 May 2018, Published under Cement News

Star Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt. Earlier in April company had received IN800m (US$11.8m) of subsidies and also used it for debt reduction. The total debt for the company following the payment of INR800m is expected at INR3200m, including long-term and short-term loans. The debt will further come down significantly as the company intends to utilise the entire am...

Star Cement records 10% rise in operating revenue

07 February 2018, Published under Cement News

Star Cement Ltd has released its results for the third quarter of FY17-18, showing a growth in operating revenue of 10.1 per cent YoY. Adjusted for excise duty, this translates to INR3.77bn (US$58.8m) against INR3.42bn of the 3QFY16-17, according to IIFL. EBITDA marked a considerable increase of 60.4 per cent to INR1.41bn in comparison with INR0.88bn of the previous fiscal. The EBITDA margin expanded by 1173bps YoY to 37.5 per cent. Elsewhere, Sagar Cements has reported a 47.21 per cent ri...