Skip to main content

Indian cement companies report 3Q results

Published by , Editor
World Cement,


HeidelbergCement India reported a net loss of Rs.9.98 crore for the December quarter. However, income grew 16.7% in the quarter, which the company said was not comparable to the 2013 quarter due to the sale of the Raigad plant effective 3 January 2014. 

Meanwhile, Ramco Cements has said it is on track to commission its new grinding unit in Vizag, Andhra Pradesh, in April. The company sold 56.59 lakh t of cement in India in the first nine months of this financial year (to end of December), compared to 62.01 lakh t in the same period of the previous year. Exports added a further 1.29 lakh t, meaning total sales volumes of 57.88 lakh t (against 63.50 lakh t).

Mangalam Cement reported an increase in sales for the quarter, but a decrease in profits. Net sales hit Rs.2133.42 million, up from Rs.1616 million in 3Q14. However, profits fell considerably, ending at a Rs.24.04 million loss.


Edited from various sources by

Sources:

Read the article online at: https://www.worldcement.com/asia-pacific-rim/09022015/indian-cement-companies-report-3q-results-293/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):