Grasim Industries announces 2% fall in net profit
Grasim Industries, which has a 57 per cent stake in UltraTech Cement Ltd , has reported standalone net profit of INR9643m (US$118.8m) in the quarter ended 30 September 2022, dow...
Indian Subcontinent
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Tokyo Cement posts 34% rise in revenue
Sri Lanka-based Tokyo Cement saw turnover advance 34 per cent YoY to LKR30,317m (US$82.5m) in the six months ended 30 September 2022. However the group reported an exchange loss...
Burnpur Cement reports further losses
India-based Burnpur Cement Ltd has reported total revenue of INR330.3m (US$4.09m) in the quarter ended 30 September 2022. This compares to INR312.9m in the previous quarter and ...
Deccan Cements sees profits fall 72%
Deccan Cements Ltd has seen its total revenue decline from INR1927.3m (US$23.8m) in the quarter ended 30 September 2021 to INR1822m in the same period this year. Over the same t...
Mangalam Cement sees power and fuel costs jump 144% YoY
Mangalam Cement Ltd , part of the BK Birla Group , has posted total revenue of INR4083m (US$50.54m) in the quarter ended 30 September 2022. This compares to INR5181m in the prev...
Prism Johnson reports 274% drop in profit
India’s Prism Johnson has reported consolidated net sales of INR16,663m (US$203.7m) in the September 2022 quarter, up 10.19 per cent from INR15,095m in the same period a year ea...
Birla Corporation announces new MD and CEO
Birla Corp Ltd (BCL) has announced the resignation of its managing director and chief executive officer, Shri Arvind Pathak. Mr Pathak, who is leaving the company for personal r...
Birla Corporation profits hit by production costs in 2QFY22-23
Even with a double-digit increase in cement sales by volume, Birla Corp Ltd ’s September 2022 quarter (2QFY22-23) profitability was hit by a sharp increase in power and fuel cos...
Orient Cement Ltd reports loss as costs escalate
Orient Cement Ltd has posted revenue from operations of INR6152m (US$75.5m) in the quarter ended 30 September 2022. This is down from INR7139m in the previous year but up from t...
Ramco Cements' profits hit by rising production costs
Ramco Cements Ltd has reported unaudited standalone revenue of INR17,932m (US$220m) in the quarter ended 30 September 2022. This compares with INR17,793m in the previous quarter...