Latest news with #SagarCements
Business Standard
22-07-2025
- Business
- Business Standard
Sagar Cements reports turnaround Q1 numbers
Sagar Cements reported a consolidated net profit of Rs 7.49 crore in Q1 FY26, compared with a net loss of Rs 32.20 crore posted in Q1 FY25. Revenue from operations increased 19.63% to Rs 670.66 crore in Q1 FY26 as against Rs 560.60 crore in Q1 FY25, supported by strong price hikes in the Southern market and various incentive schemes. The company reported a pre-tax profit of Rs 23.90 crore in Q1 FY26 as compared with a pre-tax loss of Rs 47.55 crore recorded in the corresponding quarter last year. Operating EBITDA surged 160.06% year-on-year to Rs 121.45 crore in Q1 FY26. EBITDA margin stood at 18% in Q1 FY26 as against 18% in Q1 FY25. During the quarter, sales volume jumped 11.26% to 1,427,639 million tonnes (MT) from 1,127,902 MT recorded in Q1 FY25. As of 30 June 2025, the company's net debt stood at Rs 1,374.24 crore. Sreekanth Reddy, the joint managing director of the company, said, We have started the year on a strong note, as can be seen from our financials. Volumes for the quarter grew by 11% on a Y-o-Y basis, driven by pickup in government spending, the construction sector, and the housing sector. In addition to higher volumes, the quarterly performance was also aided by a better pricing environment. The combination of which resulted in revenue growth of 20% (Y-o-Y) for the quarter. Our modernization plans at the Andhra Cements Dachepalli unit are progressing as per schedule. We are confident of achieving our target volume of approximately 6 MnT in FY26. The Board of one of the subsidiaries, Sagar Cements (M), has given approval to take up the expansion of cement grinding capacity from 1 MTPA to 1.5 MTPA and, as part of green energy initiatives, to establish a 6 MW solar power plant, involving a capex of around Rs 140 crore. In conclusion, we believe our enhanced capacities position us strongly to capitalize on the growing demand from the infrastructure and real estate sectors in the coming years. Additionally, our continued focus on diversifying revenue streams and expanding our regional presence is expected to further strengthen the companys overall profitability profile. Sagar Cements is engaged in the business of manufacturing and selling cement. Shares of Sagar Cements fell 1.60% to Rs 265.05 on the BSE.
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Business Standard
18-07-2025
- Business
- Business Standard
Cement shares in focus; Sagar, Dalmia Bharat, JK Cement hit 52-week highs
Cement companies share price today Shares of select cement companies were in focus, and rallied up to 7 per cent on the BSE in Friday's intra-day trade amid heavy volumes on expectations of a healthy demand outlook. Sagar Cements (up 7 per cent at ₹274), JK Cement (4 per cent at ₹6,668) and Dalmia Bharat (3 per cent at ₹2,255) hit their respective 52-week highs on the BSE in intra-day trade. In comparison, the BSE Sensex was down 0.62 per cent at 81,753 at 03:03 PM. Cement sector overview The Indian Government announced a series of measures in the Union Budget for FY2025-26 (FY26), which would boost cement demand substantially. The cement industry faced multiple challenges during FY25, including slower growth and lower sales. Growth slowed to 4-5 per cent, down from double-digit growth in previous years. This was partly due to elections and a long monsoon season, as well as labour shortages. However, the medium-to long-term outlook remains positive, with various industry reports pegging the sector growth at 7-8 per cent per annum, at par with the GDP growth, Sagar Cements said in the FY25 annual report. The infrastructure segment continues to see strong demand, driven by increased government spending across various infrastructure segments. Housing, which accounts for 55 per cent of cement demand, is expected to grow steadily, supported by rural housing expansion, due to favourable monsoons, moderating inflation and ongoing urban real estate projects. The government's emphasis on affordable housing and investments in mega projects such as highways, railways and industrial development is expected to further sustain cement demand. Most brokerage reports indicate that pent-up demand, a renewed capex push, and sustained momentum in the housing sector are going to drive up demand. Meanwhile, the lower interest rates are expected to encourage higher spending and investment, stimulating economic activity and supporting overall economic growth. Further, the new tax structure will substantially reduce taxes for the middle class and leave more money in their hands, boosting household consumption, savings and investment, which is expected to work in favour of the cement sector. Brokerages view on cement sector On the demand front, it remained better due to a lower base of the previous year. The demand from government infrastructure projects is yet to pick up in some key states, as per experts. With the onset of the monsoon season, demand softened further in most pockets. The density of the rainfall in September-October 2025 and revival of demand post- monsoon to decide the pricing direction, with most capacities in FY26F to come on stream in the second half of the year, analysts at InCred Equities said in sector report. In the short term, the sector will likely face seasonal challenges due to Monsoon-related weakness, affecting demand and pricing. However, we expect demand growth to rebound in FY26, driven by improved execution of government initiatives, such as the Pradhan Mantri Awaas Yojana – Gramin, and increased irrigation spending. Capacity addition will continue, keeping utilization range-bound. As the industry enters a lean season, profit margin may see a near-term peak in Q1FY26. Investors may consider reducing their positions after Q1FY26 results to avoid short-term underperformance, said analysts at Elara Capital.
Business Standard
13-05-2025
- Business
- Business Standard
Sagar Cements reports consolidated net loss of Rs 70.77 crore in the March 2025 quarter
Sales decline 7.15% to Rs 658.04 crore Net loss of Sagar Cements reported to Rs 70.77 crore in the quarter ended March 2025 as against net profit of Rs 13.25 crore during the previous quarter ended March 2024. Sales declined 7.15% to Rs 658.04 crore in the quarter ended March 2025 as against Rs 708.71 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 209.79 crore in the year ended March 2025 as against net loss of Rs 43.36 crore during the previous year ended March 2024. Sales declined 9.86% to Rs 2257.64 crore in the year ended March 2025 as against Rs 2504.61 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 658.04708.71 -7 2257.642504.61 -10 OPM % 5.609.61 - 6.259.82 - PBDT -7.0166.38 PL -25.61115.20 PL PBT -65.3710.29 PL -256.36-98.91 -159 NP -70.7713.25 PL -209.79-43.36 -384
