India Cements Ltd

Type: Company
Name: India Cements Ltd
First reported Aug 08 2014 - Updated Aug 08 2014 - 1 reports

India Cements expects better growth in 6-9 months

India Cements Ltd has said it was expecting better growth in the next six to nine months, on the back of new infrastructure projects and improvement in the economy.Speaking to the reporters after the financial results for the first quarter, N Srinivasan, ... [Published Business Standard India - Aug 08 2014]
First reported Aug 08 2014 - Updated Aug 08 2014 - 1 reports

India Cements’ Managing Director fights back against builders

India Cements Ltd has reported a net loss of Rs.2.96 crore for the June quarter (1Q15), marking its third consecutive quarter of loss. In the same quarter last year, the company achieved a net profit of Rs.18.62 crore. Analysts had expected India Cements ... [Published worldcement.com - Aug 08 2014]
First reported Aug 07 2014 - Updated Aug 08 2014 - 3 reports

India Cements reports Rs 2.96 cr Q1 loss

PRESS TRUST OF INDIAChennai, 7 AugustIndia Cements today reported a net loss of Rs 2.96 crore for the first quarter ending 30 June 2014 due to severe cost push and “flat” demand.The city-based company had reported a net profit of Rs 16.82 crore in the ... [Published The Statesman - Aug 07 2014]
First reported Aug 07 2014 - Updated Aug 07 2014 - 1 reports

India Cements Q1 cuts loss to Rs 3 cr, OPM up 360 bps QoQ

India Cements has posted a net loss of Rs 2.96 crore in the quarter ended June 2014 as against profit of Rs 16.8 crore in the year-ago period but the loss was reduced compared to loss of 30.56 crore in January-March quarter.Total income from operations ... [Published Moneycontrol.com - Aug 07 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Jagan, 10 others appear in court

YSR Congress president Y.S. Jaganmohan Reddy along with several other accused in the 10 quid pro quo investments cases appeared in the Principal Special Court for CBI Cases here on Monday.Former Ministers Mopidevi Venkataramana, Dharmana Prasada Rao and ... [Published The Hindu - Jul 21 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

BCCI not sitting on pots of money: N Srinivasan

The Board for Control of Cricket in India (BCCI) explained the board was misunderstood for sitting on pots of money and was not doing enough for the growth of cricket in the country.“A lot of people have got a wrong idea that BCCI was sitting on pots ... [Published Business Standard India - Jul 16 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

Weak monsoon supports cement firms’ June quarter performance

Low base of the previous year suggests a growth rate of around 7.5% to 8% in cement production in the June quarter. Photo: MintAfter being challenged for about six quarters with poor realization and high costs, cement companies are poised for better days ... [Published Livemint.com - Jul 16 2014]

Quotes

"There are expectations of improvements in the sentiment based on Union Budget proposals for reviving growth, stepping up investments in infrastructure and housing. The bifurcation of Andhra Pradesh has also raised hopes for renewed economic activity under the new governments in AP and Telengana" said the company in its outlook
Speaking on the topic, he said, "They (investors) felt that the company is focusing more on other businesses than cement, which is wrong. Now we have decided to trim the non-cement business activities." The list of the company's non-core businesses includes a financial services firm, a securities broking company, and a chemicals firm...
N Srinivasan, vice chairman and managing director of India Cements, said, "Our profits were lower as we suffered from increased input costs due to power and fuel. We got slaughtered because of power costs." The combination of lower realization and rise in power cost dragged the company's Ebitda margin down to 18.3 per cent...
Meanwhile, the company is now looking to export markets including Sri Lanka and South Africa for selling its products. "We are looking at exports from India, to countries like Sri Lanka and South Africa. Of course, there are challenges to face in it, but exports is feasible now" said Mr. Srinivasan. Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

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All (13) | News (12) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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India Cements expects better growth in 6-9 months [Published Business Standard India - Aug 08 2014]
India Cements’ Managing Director fights back ag... [Published worldcement.com - Aug 08 2014]
India Cements reports Rs 2.96 cr Q1 loss [Published The Statesman - Aug 07 2014]
India Cements net loss at Rs2.96 crore in June ... [Published Livemint.com - Aug 07 2014]
India Cements slips into net loss of Rs 2.96 cr... [Published Business Standard India - Aug 07 2014]
India Cements Q1 cuts loss to Rs 3 cr, OPM up 3... [Published Moneycontrol.com - Aug 07 2014]
Jagan, 10 others appear in court [Published The Hindu - Jul 21 2014]
BCCI not sitting on pots of money: N Srinivasan [Published Business Standard India - Jul 16 2014]
Weak monsoon supports cement firms’ June quarte... [Published Livemint.com - Jul 16 2014]
BURMA BUSINESS WEEKLY: 1- 7 FEB [Published Democratic Voice of Burma » Analysis - Feb 07 2014]
India Cements Ltd to trim non-core assets [Published Topnews.in - Jun 07 2013]
India Cements’ quarterly profits slip 30% year-... [Published Topnews.in - Nov 06 2012]
India Cements reports profit after tax of Rs.62... [Published Topnews.in - Aug 14 2012]
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BURMA BUSINESS WEEKLY: 1- 7 FEB [Published Democratic Voice of Burma » Analysis - Feb 07 2014]
  ADB signs deal to develop electricity in Burma A signing ceremony on a US$60m loan agreement pledged by the Asian Development Bank (ADB) for electricity development in Burma was held at the Electric Power Ministry in Naypyidaw on Monday, according ...
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