JK Cement Posts Results

JK Cement

JK Cement reported a standalone net profit of Rs. 646.9 million for the second quarter ended September 30, 2018. The company had posted a net profit of Rs. 931.4 million in the July-September quarter a year ago. Total revenue during the quarter under review stood at Rs. 11.18 billion. It was Rs. 11.42 billion in the corresponding period last fiscal. Total expenses stood at Rs. 10.3 billion.

JK Cement Ltd is an affiliate of the industrial conglomerate JK Organisation. JK Cements' operations commenced with commercial production at the grey cement plant at Nimbahera in the state of Rajasthan in May 1975. Subsequently the company also set up 2 more units in Rajasthan at Mangrol and Gotan. In 2009 the company extended its footprint by setting up a green-field unit in Muddapur, Karnataka giving it access to the markets of south-west India. 

In 2014, the company further expanded its capacity in the north with brownfield expansion of 1.5 MTPA integrated unit at Mangrol and split grinding unit of 1.5 MTPA at Jhajjar. Today JK Cement has an installed grey cement capacity of 10.5 MTPA making it one of the top 10 cement producers in the country.

Indian Cement Industry Update

 

M.P.Birla Group

Birla Corp Posts Q2 Results

For the quarter ended September 30, 2018, Birla Corp reported a near 55 % dip in standalone net profit to Rs.2.00 crore, against Rs.4.40 crore in the year-ago-period. Total income during the period stood at Rs.999 crore. On a consolidated basis, the company’s net profit increased manifold to over Rs.16 crore in Q2 FY19 (Rs.1.46 crore). Net income saw a 19 % jump YoY to Rs.1,485 crore. Cement production during the quarter stood at 30.97 lakh tonnes, compared to 26.84 lakh tonnes in the year-ago-period. Cement sales for the period stood at 30.68 lakh tonnes.

The second phase capacity expansion at the Kundanganj unit of the company (at Uttar Pradesh) will be carried out. A third production line, with an annual capacity of 1.2 MPTA, will be installed at an expected investment of Rs.250 crore. The Kundanganj unit’s current capacity is 2 MPTA.

 

Dalmia Cements Performs

Dalmia Bharat Posts Q2 Results

India’s fourth largest cement manufacturer, Dalmia Cements posted Q2FY19 results that resonated with other industry majors. Double-digit volume growth drove cement sales, but profits took a beating as the increase in operating costs downed margins.
Q2 revenue rose 13% YoY to Rs.2,158 crore. The company sold 4.5 MMT of cement during the 2nd quarter, a volume growth of 13%. Strong demand across its key operating markets ie.,east and south drove cement volume growth in Q2.

EBITDA margin declined 330 bps YoY as the sector is facing challenging times on the cost front. Power and fuel costs as well as freight expenses have witnessed a sharp rise in the last 12 months. Despite stable realisation, EBITDA per tonne dipped to Rs. 944 as unitary cost increased 4 %percent QoQ. Operational performance was significantly better than UltraTech Cement, ACC and Ambuja Cements. EBITDA per tonne continues to be much ahead of its peers.

Amalgamation with Orrisa Cement (now OCL India) is complete. The company plans to list OCL in Q3 FY19 and expects the combined merged entity to be listed in early Q4 through a share swap agreement. The company has also completed acquisition of Kalyanpur Cements (1.1 MPTA) and the subsidiary has been renamed DDSPL. The management has been able to revive clinker production from this plant over five months and aims to start commercial operations from November. The company is still awaiting the National Company Law Tribunal and Supreme Court’s final decision on Murli Industries and Binani Cement, respectively.

Demand for cement has been fairly strong in H1 FY19. However, pricing power remains elusive as industry leaders prefer to chase volumes. Prices as well as demand should remain stable in the run-up to general and state elections.

 

Prism Cement

Prism Johnson Limited
Cement Segment Pulls Down Overall Performance

Prism Johnson’s Q2FY19 results were below market estimates, with EBITDA coming in at Rs.803 Million (market estimate: Rs.1,107 Million) and OPM at 6% (market estimate: 8.7%) due to the disappointing performance of the cement business (EBITDA/tonne declined Rs.439 QoQ).

Cement sales volumes were up 20% YoY at 1.35 Million Tonnes. Cement realization was up 10.6% YoY (down 0.6% QoQ). Operating expenses per Tonne was up 6.5% YoY; however, higher realization/cement sales volumes led to a 3.3 pp YoY improvement in OPM. EBITDA/tonne was at Rs.550, up 49.8% YoY.

Poor perfrmance was due to higher operating expenses in the cement segment which was the bane of all cement companies who have so far posted their results barring a few.

UltraTech Cement Results

 UltraTech Cement Share Prices

UltraTech Cement Ltd.’s profit in the quarter ended September missed forecast weighed down by rising energy costs and a depreciating rupee.
Net profit fell 9.3 % YoY to Rs.391 crore in the July-September period. Revenue of the Aditya Birla group flagship company rose 21 % to Rs.7,771.3 crore. Analysts had expected a top line of Rs 7,873 crore.
The company’s adjusted operational performance, however, was in line with cement industry and financial analysts’ estimates. Earnings before interest, tax, depreciation, and amortization declined 4.3 % to Rs. 1,293 crore.
Energy costs, which account for a third of the company’s overall expenses, rose 19 % YoY to Rs.1,099 per tonne during the period. Prices of pet coke, a key raw material in cement making, also increased close to 20 %. Overall, the cost of raw materials rose 5 % on a yearly basis to Rs. 503 a tonne during the quarter.

The Scheme of Arrangement to merge the cement business of Century Textiles and Industries is awaiting approval from shareholders, the National Company Law Tribunal and other regulatory authorities. It has been cleared by stock exchanges and Competition Commission of India.
Following approvals, UltraTech Cement will issue one equity share for every eight held by Century Textiles shareholders.
Century will demerge its cement business consisting of three integrated cement units in Madhya Pradesh, Chhattisgarh and Maharashtra and a grinding unit in West Bengal and merge it with Ultratech. This will take, UltraTech Cement’s capacity to 111.1 mtpa.
Having integrated 21.2 mtpa of JP Cement capacity acquired last July, UltraTech proposes to invest in Waste Heat Recovery Systems at these plants.

ACC Cement Price

ACC Cement Market Updates

Click Here To Register For Fresher Cement Industry Jobs


 

Google+
GooglePlus
Stewart D'Rozario

Emami Cements' Double Bull Cement

Emami Cement, a leading cement company in eastern India, plans to go public. The company on Friday filed a draft red herring prospectus (DRHP) with market regulator Sebi. Emami Cement on October 12 filed draft papers with capital markets regulator SEBI to raise Rs 1,000 crore through an initial share sale.

The IPO comprises fresh issuance of shares worth Rs 500 crore, besides, an offer of sale of the same size by the company's existing promoters and shareholders, according to the draft red herring prospectus (DRHP) filed with SEBI.

The company said net proceeds raised through the issue will be used for re-payment of certain indebtedness and for other general corporate purposes.

IIFL Holdings, Axis Capital, CLSA India, Edelweiss Financial Services and Nomura Financial Advisory and Securities (India) will manage the company's public issue.

The equity shares will be listed on BSE and NSE.

Emami Cements markets its cement ubder the brand name Double Bull.
Emami Double Bull PPC,
Emami Double Bull PPC PROCEM,
Emami Double Bull PSC,
Emami Double Bull OPC-53,
Emami Double Bull OPC-43,
Emami Master Premium Cement,
are the individual brand manes and types of cement Emami Cement markets.

Emami Cement established an installed manufacturing capacity of 5.60 million metric tonne per annum (MMTPA) in its two years of commercial operations.
The company said it currently operates three manufacturing plants and is in the process of setting up another plant, which subject to receipt of necessary approvals, is expected to result in an aggregate installed capacity of 9.30 MMTPA of cement and 3.20 MMTPA of clinker by April 2019.

Click Here To Register For Fresher Cement Industry Jobs

 

Google+
GooglePlus
Stewart D'Rozario

Cement Plants In India

List Of Cement Plants In India

Company-wise list of cement plants in India.

JSW Cements' Green Building

JSW Cements' Green Building

On the trend of building and project developers turning to green cement, rising awareness among consumers about the need for environmental preservation today, have made them conscious of the products they use.

Socially conscious industries, on their part, are working towards making manufacturing processes more sustainable and earth-friendly. Today's real estate developers and engineers are focusing on building green spaces in India through the use of smart concepts and green materials in the construction process. As a consequence, there has been a substantial growth in consumption of green cement or PSC (Portland Slag Cement).

Read all the details on how JSW Cement is planning to contribute to this growing market for green building raw materials here

Great Indian Festival

Ambuja Cement Foundation

Ambuja Cement Foundation is the CSR arm of Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim and a leading cement manufacturer in India.

According to its official website, Ambuja Cement Foundation is a grassroots level Pan-India programme organisation that harnesses the power of partnerships between communities, Government and other like-minded corporates and NGOs to help solve urgent community problems and to foster prosperity.

Established in the year 1993 and for the past 25 years, Ambuja Cement Foundation has created significant impact on society. A full-fledged Research and Monitoring Unit, along with numerous external, independent studies show significant change in income levels, health indicators and overall harmony and happiness. Their work has spread beyond their core villages, and by working hand in hand with like-minded organisations, they aim to significantly impact the pressing issues currently inhibiting our country.

ACF's programmes include Agriculture, Skills, Water, Health, Women and Education.

In the news now is that ACF has been conferred with the prestigious ‘Best CSR & Sustainability Practices Award 2017’ in recognition of its concerted efforts that transformed lives by energising, enabling and involving the rural communities, thus facilitating economic progress and contributing to nation-building.

The award was received by Ambuja Cement’s MD & CEO Ajay Kapur and Ambuja Cement Foundation’s Head Pearl Tiwari jointly from Mervyn King, a senior counsel and former judge of the Supreme Court of South Africa. The award ceremony was held in Mumbai during the 5th Asia Business Responsibility Summit that also discussed the sustainable development goals, global governance and leadership. The Jury made a special mention about the Women Empowerment, Water Management and Skill Development initiatives by the Ambuja Cement Foundation.

Become a data analytics expert using the R programming language in this data science certification training. Save 20% OFF the LIVE ONLINE course or 30% OFF the SELF-PACED program!

Wonder Cement

RK Group

Rajasthan-headquartered RK Group, which has interests in Marble and  Home Finance along with its cement business has invested about Rs.450 crore to set up a 2 MPTA clinker grinding unit in Dhule, Maharashtra. This also marks Wonder Cements' foray into the State.

Following the commencement of the Dhule facility, Wonder Cement’s production capacity will increase from the present 6.75 MPTA to 8.75 MPTA. The clinker required for the unit is to be supplied from their Nimbahera plant in Rajasthan. Gypsum, another key raw material used for manufacturing cement , would be procured from Gujarat and fly-ash froma nearby thermal power plant.

In addition to the plants in Nimbahera and Dhule, Wonder Cement is in the process of setting up its third clinker facility of about 2.5 MPTA in Nimbahera, Rajasthan which is expected to be commissioned by mid 2019 This will increase production capacity to 11 MTPA.

Under the expansion plans, the company will look at setting up two more clinker units, one in Madhya Pradesh; the location for the fifth one is yet to be finalised. The Rs.2,500 crore required for the cement capacity expansion would be sourced from via internal accruals and debt.

Help Flood Hit Kerala

An Appeal

Please help your brothers and sisters in Kerala who are reeling under the ravages of unprecedented floods with your valuable contributions through the Chief Minister's Distress Relief Fund.



https://donation.cmdrf.kerala.gov.in/








…..