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Confidence Cement suspends ready-mix concrete production 02 February 2024 marking a 34 percent surge in earnings per share (EPS) at Tk 3.50. The positive momentum continued into the first half of FY24, with an impressive 25 percent YoY growth in EPS, reaching Tk 5.29. Against this backdrop, Confidence Cement experienced a... Type: Article Category: Concrete & Brick Eagle Materials reports fiscal triumph in Q3 FY24 26 January 2024 Unlocking growth potential in the building materials industry (CW Group) [PAID={"id":"15,16,17","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Eagle Materials has reported strong financial results for Q3 of... Type: Article Category: Concrete & Brick Sagar Cements reports Q3 FY24 loss 25 January 2024 impacting overall volumes during the festive season, the company witnessed a 14 percent growth in cement sales volumes in Q3 FY24 compared to the same period in FY23. The net consolidated total income for Q3 FY24 was Rs 673.14 crore, marking a growth of... Type: Article Category: Financial Indian paper industry urges hikes 23 January 2024 while curbing the influx of substandard imports. With a notable 43 percent surge in paper imports in the first half of FY24 and a 25 percent increase in volume terms in FY23, the industry is seeking an import duty adjustment in the upcoming Budget. The... Type: Article Category: India Kesoram Industries adapts FY24 outlook 16 January 2024 and earnings adjustments unfold for Kesoram Industries (CW Group) Kesoram Industries has revised its volume expectations for FY24 to 7.6-7.7 million tons, down from the initial 8 million tons projection, attributing the adjustment to a subdued... Type: Article Category: Financial UltraTech Cement dominates Q3 sales 02 January 2024 reaching 26.06 million tons during the same period, as reported in a regulatory filing. In the October-December quarter of FY24, UltraTech's cement production in the domestic market recorded a substantial 5 percent growth, amounting to 25.44 million... Type: Article Category: Financial Coal India maintains stability amid global price rises 06 December 2023 coal imports constitute over a fifth of its consumption, reaching close to INR 3.9 trillion last year. As of November in FY24, Coal India produced 460 million tons, up 11.5 percent YoY, maintaining a pithead inventory of 45 million tons. ICICI... Type: Article Category: Markets & trade Indian industry awaits cement consumption boost in Q4FY24 05 December 2023 November attributed to festivals and labor shortages. Industry experts project a 6-7 percent year-on-year volume growth in Q3FY24, contributing to the 11.5 percent growth witnessed in 1HFY24. Despite the high base effect from the previous year, the... Type: Article Category: Volume & Pricing India witnesses spike in paper imports in H1 FY24 01 December 2023 India has experienced a substantial 43 percent increase in paper imports during the first half of the fiscal year 2024 (FY24), following a notable 25 percent surge in the previous fiscal year. Data from the Directorate General of Commercial Intelligence... Type: Article Category: India ASEAN paper industry imports surge 29 November 2023 rise in imports from the ASEAN region, benefitting from zero import duty under a free trade agreement. In the first half of FY24, paper and paperboard imports escalated to 9.59 lakh tons from 6.72 lakh tons in H1 FY23, with ASEAN imports surging from... Type: Article Category: India DG Khan Cement explores the Mexican market 29 November 2023 trying to export more cement to Mexico. In the session, DGKC's senior management projected a steady local cement demand in FY24, with a predicted recovery of 5-10 percent in FY25, primarily fueled by private-sector construction. The company responded to... Type: Article Category: Markets & Competition JK Cement boosts production with grinding unit 28 November 2023 to cleaner energy sources, JK Cement's green power mix rose from 19 percent in FY20 to 48 percent by the second quarter of FY24. The company demonstrated a capacity utilization of 75 percent, achieving net sales of Rs 4.985 per ton, with premium... Type: Article Category: Plant Expansions Crown Cement returns to profit in Q1 FY24 13 November 2023 driven by robust sales (CW Group) Crown Cement has achieved a remarkable recovery in the first quarter (July-September) of FY24, marking a substantial profit after facing losses in the same quarter of the previous year. In the July-September quarter of... Type: Article Category: Financial Shree Cement with robust sales growth in Q2 FY23-24 09 November 2023 a powerhouse in the cement industry, has reported a staggering 143.73 percent surge in net consolidated profit for Q2 FY24. The company's profit after tax skyrocketed to Rs 446.62 crore, showcasing exceptional financial performance. The net consolidated... Type: Article Category: Financial Ramco Cements' profit surge in Q2 FY23-24 09 November 2023 significant improvement, rising from 22 percent to 38 percent, with projections to reach 40 percent and 45 percent by FY24 and FY25, respectively. Highlighting ongoing projects, RCL announced the commissioning of the 18 MW Thermal Power Plant in... Type: Article Category: Financial Nuvoco Vistas posts a rise in cement sales 01 November 2023 23.82 MMTPA, Nuvoco Vistas stands as the fifth-largest cement group in India, especially prominent in East India. During Q2 FY24, the company recorded a 1.2 percent year-on-year increase in consolidated cement sales volume, reaching 4.5 MMT.... Type: Article Category: Volume & Pricing Ambuja Cement Q2 reveals growth 01 November 2023 year 2023. The company witnessed a remarkable four-fold surge in its standalone net profit, soaring to ₹643.84 crore in Q2FY24 from ₹138.9 crore during the same period in the last fiscal year. During the July-September quarter of FY24, Ambuja Cements... Type: Article Category: Financial DS Smith shows strong quarter in pulp and paper sector 27 October 2023 value-added solutions, combined with their commendable operational performance, position them favorably for the remainder of FY24. In summary, DS Smith's latest trading update underscores their resilience and adaptability in the Pulp and Paper industry.... Type: Article Category: Europe & Central Asia Fauji Cement reports robust 1QFY24 performance 25 October 2023 compared to INR 14.7 billion in the same period last year. Fauji Cement's strong performance in the first quarter of FY24 can be attributed to a 14 percent year-on-year increase in domestic demand, a 48 percent surge in exports to Afghanistan, and an... Type: Article Category: Financial Cement industry's positive growth outlook for FY24 19 October 2023 the year. Operating margins in the industry are expected to improve by 260-310 basis points, reaching 16.0-16.5 percent in FY24. ICRA attributes this positive outlook to the strong demand from the infrastructure and urban housing sectors, with a... 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