UltraTech sees steady fourth quarter, rocky road ahead spoils prospects
4 years, 7 months ago

UltraTech sees steady fourth quarter, rocky road ahead spoils prospects

Live Mint  

The Aditya Birla Group-owned UltraTech Cement Ltd’s stock closed 3% higher on Wednesday, cheering a strong March quarter performance. The pan-India cement maker gained from strong product prices and lower material cost, as did its peers that have declared results in the last fortnight. The moot point now is whether cement prices will sustain to give UltraTech’s profits a leg up in the coming quarters, too. Infrastructure and real estate, the two big consumers of cement, are hit badly and unlikely to return to pre-covid-19 levels soon,” said Sanjeev Kumar Singh, analyst, Emkay Global Financial Services Ltd.

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History of this topic

Cement's growth surge: 50% CAGR projected by 2027 – Are these stocks ready?
1 week, 3 days ago

Cement's growth surge: 50% CAGR projected by 2027 – Are these stocks ready?

Live Mint  

Despite record-breaking home sales, robust infrastructure projects, and a thriving economy, the sector has struggled to keep pace, weighed down by pricing pressures, overcapacity, and sustainability challenges. View Full Image Source: Cement Sector Outlook by IKIGAI However, the sector performed much below the GDP growth rate in the next decade due to economic issues. View Full Image Source: Cement Sector …

Beware the excitement on cement price hike
1 week, 3 days ago

Beware the excitement on cement price hike

Live Mint  

For the cement sector, two themes played out in 2024 – rising consolidation and weakening prices. At the forefront of inorganic expansions were Aditya Birla Group UltraTech Cement Ltd and Adani Group's Ambuja Cements Ltd who acquired smaller companies to aggressively boost market share and meet capacity expansion targets. A dealers’ channel check by Yes Securities Ltd showed that as …

Incremental investment in cement sector will come only when profitability improves: Report
1 week, 6 days ago

Incremental investment in cement sector will come only when profitability improves: Report

Live Mint  

New Delhi, December 27 : The Indian cement industry must significantly improve its profitability, with EBITDA needing to exceed Rs1,000 per ton to justify the bare minimum return on capital employed for future investments, according to a report by IKIGAI Asset Manager. Power from renewable sources is 40-50 per cent cheaper than grid power, while waste heat recovery systems are …

India Cements shares surge 8 pc
Trending News
2 weeks, 3 days ago

India Cements shares surge 8 pc

Live Mint  

New Delhi, Shares of India Cements ended 8 per cent higher on Monday after the Competition Commission of India cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement's proposal to acquire a majority stake in the firm. "The proposed combination envisages UltraTech Cement Ltd's acquisition of 32.72 per cent of the paid-up equity share capital of India Cements Ltd from the promoters …

India Cements share price surges 11% to 52-week high on CCI nod to UltraTech deal
Top News
2 weeks, 3 days ago

India Cements share price surges 11% to 52-week high on CCI nod to UltraTech deal

Live Mint  

India Cements share price jumped 11% to reach a new 52-week peak during Monday's trading session after the announcement that the Competition Commission of India has sanctioned UltraTech Cement Limited's acquisition of The India Cements Limited. The proposed arrangement involves UltraTech Cement Limited purchasing 32.72 percent of the paid-up equity share capital of The India Cements Limited from its promoters …

Explained: Why India Cements share price surged 11% today
Trending News
2 weeks, 4 days ago

Explained: Why India Cements share price surged 11% today

India Today  

Shares of India Cements Ltd surged 11% on Monday following news of UltraTech Cement receiving approval from the Competition Commission of India to acquire a majority stake in the company. UltraTech Cement plans to acquire 10,13,91,231 equity shares of India Cements, each valued at Rs 10. The acquisition deal was first announced on July 28, 2024, with UltraTech Cement revealing …

Have India’s top cement stocks entered the value buy territory?
3 weeks ago

Have India’s top cement stocks entered the value buy territory?

Live Mint  

The month of December 2024 has brought a glimmer of optimism for India’s cement sector. Pricing: Struggling to maintain momentum While the cement prices are now higher than the second quarter’s average, the industry’s recent history with price rollbacks signals caution about whether these hikes will hold. View Full Image Cement companies debt profile-FY24 What sets the sector apart is …

Shree Cement Q2 Results: Profit tanks 81% YoY to ₹93 crore but beats estimates on higher-than-expected volume growth
Trending News
1 month, 4 weeks ago

Shree Cement Q2 Results: Profit tanks 81% YoY to ₹93 crore but beats estimates on higher-than-expected volume growth

Live Mint  

India's Shree Cement topped second-quarter profit estimates on Monday, as higher-than-expected sales volumes helped mitigate low prices of the key construction material. The country's third-biggest cement maker by market capitalisation reported a net profit of 931.3 million rupees for the three months ended Sept. 30, down 81% from year-ago. For further earnings highlights, KEY CONTEXT Shree Cement logged a volume …

Cement Industry Consolidation: Adani Group's Ambuja Cement and Gautam Adani's ACC Battle for Market Domination
2 months, 1 week ago

Cement Industry Consolidation: Adani Group's Ambuja Cement and Gautam Adani's ACC Battle for Market Domination

Live Mint  

The cement industry is undergoing a consolidation phase as major players battle it out to dominate the commodity market critical to construction and infrastructure development. The Adani Group's acquisition of Holcim's shares in Ambuja Cement and ACC in June 2022 marked the start of this consolidation frenzy. Other big players like UltraTech, Shree Cement, Dalmia Bharat, and Nuvoco Vistas are …

UltraTech Cement's Q2 profit soars to ₹825 crore, but revenue and sales decline
2 months, 2 weeks ago

UltraTech Cement's Q2 profit soars to ₹825 crore, but revenue and sales decline

The Hindu  

UltraTech Cement reports a consolidated net profit of ₹825 crore for the September quarter 2024-25. The company's revenue from operations was at ₹15,634.73 crore, while its total expenses were at ₹14,837.44 crore. Despite the decline in sales volume, UltraTech achieved a 68% capacity utilisation rate.

UltraTech to acquire 32.72 % additional stake in India Cement for ₹3,954 crore
5 months, 1 week ago

UltraTech to acquire 32.72 % additional stake in India Cement for ₹3,954 crore

Hindustan Times  

Leading cement manufacturer UltraTech will acquire an additional 32.72 per cent stake in India Cements Ltd from the promoters of the South-based company for ₹3,954 crore. The board of the Aditya Birla firm on Sunday approved the proposal to acquire the promoters' 32.72 per cent stake at ₹390 per share, UltraTech said in a regulatory filing on Sunday. After the …

Cement: Too early for the consolidation party
6 months, 1 week ago

Cement: Too early for the consolidation party

Live Mint  

It’s a dog-eat-dog world in the Indian cement industry. Last week, the industry bellwether UltraTech Cement Ltd announced the acquisition of 23% stake in South-based The India Cements Ltd for ₹1,900 crore. In another instance, close competitor Adani Group company Ambuja Cements Ltd announced acquisition of Hyderabad-based Penna Cement at an enterprise value of ₹10,422 crore earlier this month. “With …

Birla's UltraTech buys stake in India Cements to compete with Adani Group, especially in South India
6 months, 1 week ago

Birla's UltraTech buys stake in India Cements to compete with Adani Group, especially in South India

Hindustan Times  

Kumar Mangalam Birla’s UltraTech Cement is acquiring a 23% stake in Chennai-based India Cements to counter the Adani Group’s buying spree, as the battle to dominate India’s cement sector, particularly in South India, intensifies. UltraTech Cement, India's largest cement maker, will pay ₹267 a share to purchase 7.06 crore shares of India Cements, adding up to a ₹1,885 crore deal. …

Sagar Cements Q4 Results Live : profit falls by 86.82% YOY
7 months, 3 weeks ago

Sagar Cements Q4 Results Live : profit falls by 86.82% YOY

Live Mint  

Sagar Cements Q4 Results Live : Sagar Cements declared their Q4 results on 14 May, 2024, revealing a 14.02% increase in revenue compared to the same quarter last year. In comparison to the previous quarter, Sagar Cements experienced a 5.87% growth in revenue and an impressive 270.97% increase in profit. Analysts' ratings as of 16 May, 2024, show that out …

UltraTech Cement share price rises over 4% after strong Q4 results
8 months, 1 week ago

UltraTech Cement share price rises over 4% after strong Q4 results

Hindustan Times  

UltraTech Cement share price: The share price of UltraTech Cement gained over 2% today after the Aditya Birla Group’s flagship cement maker reported Q4 results. UltraTech Cement- which is India's largest cement maker by capacity- topped fourth-quarter profit estimates owing to strong sales volumes. Company's finance chief Atul Daga said, “There might be some moderation in cement demand in FY25, …

UltraTech Cement Q4 Results: Net Profit Jumps 35% to Rs 2,258.6 Crore, Revenue Rose 9.4%
8 months, 1 week ago

UltraTech Cement Q4 Results: Net Profit Jumps 35% to Rs 2,258.6 Crore, Revenue Rose 9.4%

News 18  

UltraTech Cement Ltd on Monday reported a 35.24 per cent jump in its consolidated net profit to Rs 2,258.58 crore for the March 2024 quarter. Its revenue from operations during January-March 2024 rose 9.41 per cent to Rs 20,418.94 crore, compared with Rs 18,662.38 crore a year ago. UltraTech Cement had posted a consolidated net profit of Rs 1,670.10 crore …

Chart Beat: Tough March quarter for cement companies?
10 months, 4 weeks ago

Chart Beat: Tough March quarter for cement companies?

Live Mint  

Pricing trends in the domestic cement industry have remained subdued for a while now. According to a recent dealers channel check by Jefferies India, there was a 1.5% decrease in the all-India average cement price to ₹362 per 50-kg bag in January. There is a risk to realization of cement companies in the March quarter, if prices remain muted in …

UltraTech Cement share price crosses ₹10,000 mark, up 40% this year; should you buy?
1 year ago

UltraTech Cement share price crosses ₹10,000 mark, up 40% this year; should you buy?

Live Mint  

In today's trading session, UltraTech Cement, a flagship company of the Aditya Birla Group, achieved a historic milestone as its shares surged beyond the ₹10,000 mark for the first time. Meanwhile, UltraTech Cement is set to acquire the cement business of BK Birla Group's flagship company, Kesoram Industries, in an all-share deal valued at approximately ₹7,600 crore, including debt. It …

Shree Cement is losing its edge over peers, but valuation remains pricey
1 year, 5 months ago

Shree Cement is losing its edge over peers, but valuation remains pricey

Live Mint  

Shree Cement Ltd has been in focus lately, but not for the right reasons. Further, akin to close competitor Ulltratech Cement Ltd, the company is also going full throttle on capacity additions, amid robust demand outlook. Importantly, the company has accelerated its growth plans by announcing a fresh capacity expansion of clinker/cement capacity by 7.3 million tonne per annum /12mtpa …

How to play cement stocks post ACC, Ambuja Cements, UltraTech Cement earnings?
1 year, 8 months ago

How to play cement stocks post ACC, Ambuja Cements, UltraTech Cement earnings?

Live Mint  

Cement manufacturers ACC, Ambuja Cements and UltraTech Cement reported mixed sets of numbers for the recent January-March quarter with a decent rise in volume amid easing cost pressure. Ambuja Cements Q1CY23 numbers Ambuja Cements reported a 1.6 per cent rise in net profit at ₹502.4 crore for the March quarter as compared to ₹494.4 crore in the corresponding quarter last …

Ultratech Q4 profit climbs 12.7% excluding one-offs
1 year, 8 months ago

Ultratech Q4 profit climbs 12.7% excluding one-offs

Live Mint  

Ultratech Cement Ltd on Friday reported a net profit of ₹1,666 crore for the quarter ended 31 March, a 32.3% decline from ₹2,460.51 crore posted in the same period a year earlier. It commissioned a cement capacity of 5.6 mt per annum during the quarter, taking the total grey cement capacity of the company to 126.95 mtpa in India. Including …

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal
1 year, 11 months ago

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal

Live Mint  

Cement manufacturing companies are expected to do well for next few years on the back of better demand prospects led by infrastructure and housing sectors, heightened industry consolidation, and regulatory changes in the allotment of limestone blocks. Average price of a cement 50kg bag has gone up 3% on a quarter-on-quarter basis in the third quarter of FY23, Motilal Oswal …

Cement margins may improve in the long run, but near-term risks aplenty
3 years, 10 months ago

Cement margins may improve in the long run, but near-term risks aplenty

Live Mint  

MUMBAI: Foreign brokerage house Morgan Stanley expects a broad-based recovery in the Indian cement sector and estimates an above-average demand growth of 9% annually over fiscal years 2021-23. Hit hard by cost inflation, cement makers took a much-needed hike of around Rs50/bag in March, according to dealer channel checks by various brokerages. Reacting to the brokerage firm's upbeat outlook, shares …

UltraTech Cement shares gain over 5 percent on Q3 earnings boost
3 years, 11 months ago

UltraTech Cement shares gain over 5 percent on Q3 earnings boost

India TV News  

Shares of UltraTech Cement on Monday gained over 5 per cent after the company more than doubled its consolidated net profit in the October-December quarter of FY2021. Aditya Birla group firm UltraTech Cement on Saturday reported over two-fold jump in consolidated net profit at Rs 1,584.58 crore in the December quarter. The leading cement producer had posted a net profit …

UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr
4 years, 7 months ago

UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr

Firstpost  

Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 3,239.39 crore for March quarter 2019-20, helped by gains from the reversal of the Income Tax New Delhi: Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 3,239.39 crore for March quarter 2019-20, helped by gains from the reversal …

Shree Cement stock valuation prices in profit beat in trying times
4 years, 7 months ago

Shree Cement stock valuation prices in profit beat in trying times

Live Mint  

Shree Cement Ltd’s efforts to trim costs combined with a favourable market mix led to a strong profit beat in the March quarter. In addition to lower raw material, power and fuel costs, a phenomenon seen across the industry during the quarter, Shree Cement scored on reducing employee costs. Shree Cement’s ebitda/tonne too jumped by about 34% yoy, sustaining the …

UltraTech: Beat on margins fails to excite as volumes disappoint
5 years, 5 months ago

UltraTech: Beat on margins fails to excite as volumes disappoint

Live Mint  

Mumbai: The key positive highlight of UltraTech Cement Ltd’s June quarter earnings is the sharp improvement in operating margin. “Cement realisation/tonne witnessed sharp uptick by 13.5% YoY and 12% QoQ at ₹5,037,” said analysts from Reliance Securities Ltd. Softening input costs also supported operating performance. In its investor presentation, UltraTech Cement indicated that the cement industry’s volumes declined by 3-4% …

UltraTech Q4 results beat ACC’s hands down, but so do valuations
5 years, 8 months ago

UltraTech Q4 results beat ACC’s hands down, but so do valuations

Live Mint  

Mumbai: Ahead of its Q4 results announcement on Wednesday, the UltraTech Cement Ltd stock was in the red. Unlike ACC, UltraTech’s operating margins improved by more than 100 basis points year-on-year to 21%. UltraTech said it saw complete benefits of the revised axle load norms in the March quarter, which helped lower freight costs. Meanwhile, improved performance of acquired assets …

Regaining pricing power to be a long grind for cement companies
5 years, 9 months ago

Regaining pricing power to be a long grind for cement companies

Live Mint  

The worst fears of investors in cement stocks have come true, with cement prices falling in March. Cement prices across India fell by ₹2/bag to ₹305 in March, showed a dealer channel check by Motilal Oswal Securities Ltd. One cement bag weighs 50kg. In Hyderabad, Kerala and Bengaluru, the survey showed cement prices declined by as much as ₹20/bag against …

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