Latest news with #Kesoram
Reuters
21-07-2025
- Business
- Reuters
India's UltraTech Cement beats profit view as price hikes help
July 21 (Reuters) - UltraTech Cement ( opens new tab, India's largest cement-maker by capacity, posted a first-quarter profit above market expectations on Monday, boosted by higher prices. Shares of the company, which was up 0.7% before the results, were trading 0.5% higher. UltraTech's consolidated cement volumes grew 9.7% in the June quarter, near the lower side of the 9.6%-17.5% growth range projected by four brokerages. The April-June period is a seasonally soft quarter for cement companies, as monsoon showers slow construction. UltraTech's deals, such as with India Cements ( opens new tab and Kesoram , have shielded its sales volumes from weather-led volatility, according to analysts. Cement prices rose about 2% on-year on average in the quarter, according to brokerage Ambit Capital, extending the steady recovery so far this year after last year's slump. UltraTech's consolidated net profit stood at 22.26 billion rupees ($258.11 million) for the quarter ended June 30, topping analysts' average estimate of 21.56 billion rupees, according to data compiled by LSEG. On a standalone basis, net profit rose 48% from a year earlier. ($1 = 86.2425 Indian rupees)
Hans India
14-07-2025
- Business
- Hans India
Kesoram Industries' Q1 loss widens to Rs 99.3 crore, revenue drops 9.3 pc YoY
Kolkata-based Kesoram Industries on Monday reported a wider consolidated net loss of Rs 99.3 crore for the first quarter (Q1) of FY26, compared to a loss of Rs 61.4 crore in the same quarter previous fiscal (Q1 FY25). The company also witnessed a decline in revenue, which fell by 9.3 per cent to Rs 61 crore in Q1 FY26 from Rs 67.3 crore in Q1 FY25, according to its stock exchange filing. The company's EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 10.5 crore, slightly higher than the loss of Rs 8.41 crore recorded in the year-ago period. The quarter also included an exceptional loss of Rs 89.8 crore, which significantly impacted the bottom line. However, total expenses for the quarter reduced to Rs 82.98 crore, down nearly 27 per cent from Rs 113.38 crore in the same period last financial year. However, certain cost components saw an increase. The cost of materials consumed rose by 8.27 per cent year-on-year (YoY) to Rs 31.8 crore, while employee benefits expenses rose by 17 per cent to Rs 17.97 crore. Kesoram Industries, which has a legacy dating back to 1919, was previously active in the cement business under the brand names 'Birla Shakti Cement' and 'Vasavadatta Cement'. In March this year, the company's cement business was acquired by UltraTech Cement Limited. Post demerger, Kesoram is now primarily focused on its Rayon, transparent paper (TP), and chemicals segment, marketed under the 'Kesoram Rayon' brand. The Kolkata-headquartered company began its journey with cotton textiles and later diversified into rayon, cement, tires, and chemicals. With the cement division now spun off, Kesoram is aiming to consolidate and strengthen its position in the rayon and allied businesses.
The Print
24-06-2025
- Business
- The Print
Kesoram sees challenges ahead as it charts strategy around rayon, transparent paper biz
The management remains bullish on man-made fibres, as India is currently the world's second-largest producer of man-made fibres (MMF) after China. 'The road ahead is challenging. With limited resources, we have reoriented our strategy to drive operational efficiency, cost management and financial discipline,' Jajoo noted. `Kolkata, Jun 23 (PTI) Kesoram Industries Ltd, having completed the demerger of its cement business to UltraTech Cement Ltd last fiscal, is now consolidating its focus on rayon and transparent paper operations under its wholly owned subsidiary–Cygnet Industries Ltd amid challenges The company, which ceased standalone manufacturing following the March 1, 2025, effective date of the demerger, is aligning its strategy toward operational efficiency and disciplined cost management, Chairman Satish Narain Jajoo said in the company's annual report for FY25. With global trade realignment and increasing domestic policy support, Kesoram sees growth potential in its rayon and transparent paper segments—branded as Kesoram Rayon and Kesophane, respectively. In the transparent paper segment as well, the company sees growth prospects, although it has struggled to scale up due to lack of modernisation and working capital constraints. However, the company is seeking a strategic technical and financial partner to enable a turnaround, given the growing shift in consumer demand toward sustainable packaging materials. Kesoram reported a standalone net profit of Rs 5,431.51 crore for FY25, largely due to a one-time gain of Rs 5,675.63 crore from the cement business transfer. Its subsidiary Cygnet posted revenue of Rs 258.76 crore and a loss of Rs 56.35 crore. PTI BSM NN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
