Posted on August 17th, 2010 in Cement Sector, Company Results, India News, India Shares, Shree Cement
Tags: India Share market, India Shares
Cement Sector
Following a continuous downward spiral in prices, Indian cement majors, including UltraTech, Grasim and India Cement, have reported a fall in realizations, and thus de-growth, during fourth quarter in the Financial Year 2010.
The results, meanwhile, have came as a shocker for market analysts, who had estimated good first-quarter results following an increase in cement prices after the budget.
Tags: India Share market, India Shares
As per Heidelberg officials, the cement prices are expected to stabilize in coming weeks. There has been a slight decline in demand for cement in India.
As a result of which the prices of the item has also gone down by Rs 5-20 per bag in various part of the country. Executive President JK Cement, Mr. R G Bagla has informed that cement price is likely to decline more due to the recent demand slowdown.
At the advent of monsoon, this price will go down again. However there won’t be any further disturbance in the prices before the onset of monsoons.
Tags: India Share market, India Shares
ACC, the country’s second-largest cement maker, on Thursday swung to a flat net profit in the March quarter, triggered by marginal jump in sales.
The company revealed to have grabbed a net profit of Rs 405.1 crore in the March quarter compared to Rs 404.8 crore reported in the year-ago period.
While, its standalone net sales marked a climb touching Rs 2,101 crore versus Rs 2,055 crore, the previous year.
The consolidated net profit stood at Rs 393 crore rising 1.6% in the March quarter.
Tags: India Share market, India Shares
