Dalmia Bharat Q4 Results Live : profit falls by 46.52% YOY
Dalmia Bharat Q4 Results Live : Dalmia Bharat declared their Q4 results on 24 Apr, 2024, revealing a 10.1% increase in revenue and a significant 46.52% decrease in profit year-over-year.

ACC Q4 Results Live : profit rise by 300.96% YOY
ACC Q4 Results Live : ACC, the leading cement manufacturer, announced their Q4 results on 25 Apr, 2024. The company reported a significant increase in both revenue and profit compared to the same quarter last year.

Dalmia Bharat pushes back Jaypee Cement acquisition timeline to September-end following ‘procedural delays’
New Delhi: Cement-maker Dalmia Bharat is looking to complete acquisition of Jaypee Cement’s facilities by September-end, thereby pushing back the timeline by another six months, following “procedural delays”, the company’s MD and CEO, Puneet Dalmia said. Hindrances to the deal continue because of pending approvals from banks, ongoing arbitration between Jaiprakash Associates (parent company of Jaypee Cement) with UltraTech, and some lack of clarity on previously announced JVs with SAIL.

ACC Q4 result: Net profit up 301% and board recommends annual dividend of Rs 7.50; Read to know more
ACC, a subsidiary of Ambuja Cements, is one of India’s leading producer of cement and ready-mix concrete, clocked a consolidated net profit of Rs 944.84 crore in Q4FY24, an increase of 4 times year-on-year compared to the Rs 235.66 crore it reported in the same quarter in FY23. The company’s consolidated Q4 revenue stands at Rs 5,408.72 crore, which rose 13% on year Vs Rs 4,790.91 crore it posted in Q4 of FY23. The improved performance is attributed to all round improvement in volume, cost and efficiency parameters.

ACC net jumps 4 times on better realisation
 

ACC Q4 Results: Profit jumps 300% YoY to Rs 945 crore, dividend of Rs 7.5 announced

Dalmia Bharat's Q4 profit falls 46.5% y-o-y to ₹315 cr on decline in cement prices
New Delhi: Dalmia Bharat Ltd on Wednesday said its consolidated net profit declined 46.5% year-on-year in January-March to ₹315 crore, hurt by a drop in cement prices that eroded margin.

Kesoram Industries Q4 Results Live : loss rise by 835.4% YOY
Kesoram Industries Q4 Results Live : Kesoram Industries declared their Q4 results on 22 Apr, 2024. The topline increased by 1.72% & the loss increased by 835.4% YoY. As compared to the previous quarter the revenue grew by 11.75% and the loss increased by 400.25%.

Cement volume growth recovers to 7-8% in Q4FY24, benign costs to prop up profitability on-year, says CRISIL
Cement volume growth recovered to 7-8 per cent on-year in the last quarter of fiscal 2024, after growing approximately 15 per cent on-year in the first half and logging a moderate slowdown in the third quarter due to regional hindrances, said a report by CRISIL. This, it added, was driven on aggressive volume push. 

For cement firms, Q4 could be forgettable as realizations crumble
When cement prices hit a peak in October, the prospects for the sector’s FY24 realizations seemed bright. But hopes were dashed as prices corrected in the next five months. The fallout of weakness in cement prices would be visible in cement makers’ March quarter (Q4FY24) results.

Sagar Cements is this week's top stock; here's why
The cement player is expected to report a 13% yearon-year jump in revenue in the March 2024 quarter, according to consensus estimates of analysts compiled by Reuters-Refinitiv. The performance will be supported by momentum in cement demand that picked up in February and March due to traction in infrastructure and real estate sectors. While the operating profit is expected to jump significantly amid cost efficiencies, the decline in realisations in the cement industry is likely to impact profitability. The volumes are expected to moderate over the next two quarters due to the impact of Lok Sabha elections and state elections in Andhra Pradesh. However, analysts expect the ramp-up in new capacities to support the company’s revenue growth over the next two years.

Gautam Adani’s Ambuja Cements draws up $9-billion war plan for Ultratech battle
Mumbai : Billionaire Gautam Adani’s Ambuja Cements Ltd plans a series of acquisitions and investments as part of a $9-billion quest to overpower Aditya Birla Group’s Ultratech Cement Ltd as the country’s largest cement-maker.

Kesoram Q4 Results: Net loss widens to Rs 244 crore

UltraTech to acquire India Cements unit
UltraTech Cement, India’s largest cement producer, has entered into an agreement with India Cements to acquire a 1.1 million tonne per annum (MTPA) grinding unit in Parli in Maharashtra for Rs 315 crore.

UltraTech to buy ICL unit for ₹315 crore

Cements stocks that should look solid in your portfolio
In India's cement industry, large, pan-India manufacturers have pricing power across regions leaving hardly any room for small, regional players to become market makers.

Adani group invests Rs 8,339 crore in Ambuja Cements

Ambuja Cements shares climb nearly 4%; hit 52-week high on BSE

Adani group increase its stake in Ambuja Cements to 70.3% by converting warrants
Adani family infuses ₹8,339 cr more in Ambuja Cements
The Hindu Business Line

Cement companies likely to report volume driven double-digit profit growth for Q4 aided by lower input costs
Revenues of top cement firms, including Ultratech Cement, ACC, Ambuja Cements, Shree Cement and Dalmia Bharat are likely to grow by 5-13% year-on-year for the March 2024 quarter, show the estimates of eight domestic brokerages. The growth will be largely driven by volume since cement firms have been unable to sustain any increase in cement prices over the past few quarters.

Multiple headwinds to weigh on cement stocks
Chennai: Shares of cement companies such as ACC, Ambuja, Ultratech, Shree Cements, that were on a roll over the past two weeks, are now on a slide. Last fiscal, most of them gained between 1 per cent and 35 per cent, but Shree Cement was down.

Adani Group’s Ambuja Cements to acquire My Home Group’s cement grinding unit in Tuticorin
Chennai: Ambuja Cements, the cement and building material company of Adani Group, has signed an agreement to acquire My Home Group’s 1.5 mtpa (million tonne per annum) cement grinding unit in Tuticorin in Tamil Nadu. The acquisition is estimated at a total value of ₹413.75 crore and will be met through internal accruals.

Ambuja Cements to acquire 1.5 MTPA cement grinding unit in Tuticorin for Rs 413.75 crore
Adani Group owned-Ambuja Cements on Monday announced that it has signed a definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, it added, is estimated at a total value of Rs 413.75 crore through internal accruals will aid in enhancing the coastal footprint across southern markets of Tamil Nadu and Kerala. The total cement capacity of Adani Group stands at 78.9 MTPA. 

Adani's Ambuja Cements to buy My Home Group's grinding unit in TN for Rs 413.75 crore

Ambuja Cements to buy Tamil Nadu cement business of My Home in Rs 414 crore deal

As post-covid demand cements itself, this sector is eyeing a shift in gears
Cement producers have benefited from the post-covid surge in the housing market, which accounts for nearly 60% of the sector's revenues. Among the cement companies whose shares are listed on stock exchanges, four of the top seven by market capitalization outperformed the BSE Sensex in the past year. 

Adani Cement eyes 20% market pie by FY28

Navrattan Group plans to introduce Green cement in India

Adani Group targets 20% share in Indian cement market by FY28

Result preview: Analysts note 'unusual' quarter for cement sector
While price rise is the norm, cement prices, on average, declined despite growth in volumes. Margins for the quarter, analysts said, may see a healthy year-on-year rise but decline sequentially. ICICI Securities, Motilal Oswal, Nuvama, and Antique expect earnings before interest, tax, depreciation and amortisation (Ebitda) for their universe to grow in the range 19-28 per cent from a year ago.