India Cements' Corporate Presentation
Mr N Srinivasan, Vice Chairman & Managing Director of India Cements Ltd. envisages signs of cement demand picking up steadily, spurred by infrastructure projects. The Chennai based cement major, is now confident of reaching full capacity utilisation and achieving better profitability by the fourth quarter of this fiscal.
India Cements is at 80 per cent capacity utilisation as against 67 per cent capacity utilization for the corresponding quarter the previous year. And is expected to reach full capacity utilization shortly.
The company has reported a drop in its net profit at Rs.21 crore for the quarter ended June 30, 2018 as compared to Rs.26 crores the previous year.
The company's cement sales stood at about 31 lakh tonnes of cement in Q1 of this fiscal as against 27 lakh tonnes a year ago. But lower cement prices per bag have resulted in a drop in revenue, which stood at Rs.1,361 crore as against Rs.1,462 crore in Q1 of previous fiscal.
Net plant realisation stood at Rs.3,279 per tonne, 9 per cent lower than the previous year. Operating profit stood at Rs.162 crore as against Rs.191 crore in Q1 of previous fiscal.
From a two plant company having a capacity of just 1.3 million tonnes in 1989, India Cements has grown in the last two decades to a total capacity of 15.5 MTPA. After the approval of a Scheme of Amalgamation and arrangement between Trinetra Cement Ltd and Trishul Concrete Products Ltd with The India Cements Ltd, all the cement assets have come under one roof - India Cements.
India Cements has now 8 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units, one each in Tamil Nadu and Maharashtra.
Careers In India Cements
Mr N Srinivasan, Vice Chairman & Managing Director of India Cements Ltd. envisages signs of cement demand picking up steadily, spurred by infrastructure projects. The Chennai based cement major, is now confident of reaching full capacity utilisation and achieving better profitability by the fourth quarter of this fiscal.
India Cements is at 80 per cent capacity utilisation as against 67 per cent capacity utilization for the corresponding quarter the previous year. And is expected to reach full capacity utilization shortly.
The company has reported a drop in its net profit at Rs.21 crore for the quarter ended June 30, 2018 as compared to Rs.26 crores the previous year.
The company's cement sales stood at about 31 lakh tonnes of cement in Q1 of this fiscal as against 27 lakh tonnes a year ago. But lower cement prices per bag have resulted in a drop in revenue, which stood at Rs.1,361 crore as against Rs.1,462 crore in Q1 of previous fiscal.
Net plant realisation stood at Rs.3,279 per tonne, 9 per cent lower than the previous year. Operating profit stood at Rs.162 crore as against Rs.191 crore in Q1 of previous fiscal.
From a two plant company having a capacity of just 1.3 million tonnes in 1989, India Cements has grown in the last two decades to a total capacity of 15.5 MTPA. After the approval of a Scheme of Amalgamation and arrangement between Trinetra Cement Ltd and Trishul Concrete Products Ltd with The India Cements Ltd, all the cement assets have come under one roof - India Cements.
India Cements has now 8 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units, one each in Tamil Nadu and Maharashtra.
Careers In India Cements
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