- Home
- Building Material
- Cement
- Cement prices fall, profits shrink in Sept
Share
Cement prices fall, profits shrink in Sept
13 Nov 2013
1 Min Read
CW Team
Despite moderate growth in cement dispatches and substantial savings on fuel costs, cement companies saw their profits sink in the July-September period due to a sharp drop in cement prices and higher freight expenses. ACC Ltd, Ambuja Cements and UltraTech Cement reported 45-50 per cent year-on-year declines in their net profits during the quarter.
The all-India average despatches growth, according to an industry estimate, was 3.5 per cent in the September quarter.
On the cost front, companies made savings on coal costs with thermal coal prices in the international market touching a multi-year low of $78 a tonne (down 11 per over last year).
Despite moderate growth in cement dispatches and substantial savings on fuel costs, cement companies saw their profits sink in the July-September period due to a sharp drop in cement prices and higher freight expenses. ACC Ltd, Ambuja Cements and UltraTech Cement reported 45-50 per cent year-on-year declines in their net profits during the quarter. The all-India average despatches growth, according to an industry estimate, was 3.5 per cent in the September quarter. On the cost front, companies made savings on coal costs with thermal coal prices in the international market touching a multi-year low of $78 a tonne (down 11 per over last year).
Related Stories
Gold Stories
Opinion Poll
Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?
Live Results :
Virtual Reality and 3D Property Tours
Smart Home and Building Automation
Blockchain for Property Transactions
Big Data and Predictive Analytics for Market Insights
Augmented Reality for Property Staging and Design
Drone Technology for Aerial Photography and Site Analysis
Latest updates
23 Apr 2024
01 May 2024
23 Apr 2024
23 Apr 2024
23 Apr 2024
23 Apr 2024