Cement companies' 02 profitability to surge on strong volume

19 Oct 2023 CW Team

Indian cement producers are gearing up for a prosperous September quarter, as they project remarkable year-on-year volume growth and the added benefit of reduced power and fuel costs. Analysts predict that the industry's average profitability is poised to surge by a minimum of 50 percent when compared to the previous year.

While some dip in operating margins is expected due to seasonally weaker demand, the year-on-year figures are projected to exhibit an impressive increase, potentially rising by as much as 400 to 600 basis points on average. Notably, ACC and Ambuja Cements are expected to achieve the most significant EBITDA expansion, primarily attributed to a lower base.

Systematix Institutional Equities reported, "ACC and Ambuja would witness higher EBITDA expansion due to a low base, while we expect Ultratech, Shree Cement, and Dalmia Bharat to experience a margin expansion in the range of ?7 to ?12 per ton." Robust cement demand, estimated to grow by 12 to 14 percent year-on-year, has been sustained by state-level spending in anticipation of upcoming elections, coupled with the impending central elections. Cement producers appear set to reap substantial rewards in the forthcoming quarter.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..