The recently acquired India Cements and Kesoram Cement were in the spotlight in Q4FY2025 for improved performance
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Cement prices fell across regions in July 2024, squeezing industry margins, with demand expected to recover only in the latter half of FY25.
UltraTech Cement aims to cut costs by Rs 300 per tonne over the next three years through expanded plant networks, reduced lead distances, and increased use of Waste Heat Recovery Systems (WHRS).
During Q3, UltraTech, ACC, Ambuja and Shree Cement saw their consolidated net profit soar on the back of healthy demand and lower costs.
Post monsoon, with the expected pickup in demand, the company expects to see Rs 20-25 per bag increase in cement prices, Ashok Gutgutia, Vice Chairman & Managing Director of Burnpur Cement told CNBC-TV18.
The company touched 98 percent capacity utilisation levels in March aided by various irrigation and concrete road projects undertaken by the government in Telangana, says K Ravi, MD of NCL Industries
Sanjay Gupta, CEO of Star Ferro and Cement says the company has seen a significant rise in cement demand from the north-Eastern India. He adds several enquiries have been made on account of the proposed government constructions vis-Ã -vis road projects and power plants.
Cement demand is likely to improve gradually in the medium term in line with the recovery in infrastructure, investment cycle and overall economy, it said. ICRA expects demand to grow by 6.5-7 percent during FY16 and the pace of recovery in cement industry is likely to mirror the trends in economic recovery.
Cement capacity utilisation which was around 71% in FY14 is likely to improve to 73% to 75% in FY16, as was last seen in FY11, says India Ratings.
According to HM Bangur of Shree Cements the weak cement realisations have hurt the company's performance in the quarter gone by. However, he expects EBITDA margin improvement of more than 21 percent going forward.