Cement Selling Price Hits Ambuja's Bottomline

Lower Cement Prices Hurt Ambuja Cements

Ambuja Cements announced their Q2 results, a synopsis is given below.

Q2 Profits at Rs.226.4 crore.
Dip at 45% over last year same period.
Total income declined to Rs 2,510.5 crore from Rs 2,720.1 crore.
Cement sales increased from 5.88 million tonnes of cement during the quarter, a growth of 1.6 percent compared to 5.79 million tonnes sold in the corresponding period last year despite poor demand for cement.

More data on Ambuja Cements Bottomline.
How lower cement selling prices hurt Ambuja Cements performance.

UltraTech Cement Follows ACC Cement

ACC Cement Sets The Trend

Aditya Birla Group's UltraTech Cement has announced its cement results for the quarter ending June 2015. The salient points are as under:

Consolidated Net Profit : Rs.591 crore as against Rs.628 crore last year.
Drop in net cement profit as against last year : 6 %.
Consolidated Net Sales : Rs.6372 crore as against Rs.5989 last year.
Rise in net cement sales : 6%.
Clinker and Cement sales : 12.14 Million Tonnes as against 11.70 Million Tonnes.

More here on Cement capacity increase and other acquisitions.

Sales of 1 Crore Cement Bags

1 Crore Amma Cement Bags Sold

The Tamil Nadu Government under its Cement Subsidy Scheme has sold over 1 crore cement bags which is just a little over 5 lakh MT in just under 6 months of the scheme being launched.

Amma Cement available at Rs.190/= per bag has till date benefitted 1,33,595 cement consumers, serviced from 470 cement godowns spread over the entire state of Tamail Nadu.

More on Amma Cement

Cement Subsidy

Tamil Nadu Cements Limited

1 Crore Cement Bags Sales