Business Daily from THE HINDU group of publications
Saturday, May 03, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, May 03, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
|
Home Page
-
Cement Industry & Economy - Cement Cement realisations hit in Jan-March quarter 
Suresh P. Iyengar Mumbai, May 2 The Government’s measures to keep cement prices under check seem to have had a cascading effect on companies’ price realisations. Industry majors – ACC, Ambuja Cement and UltraTech – have reported a drop or flat net realisation per tonne. On a sequential basis, ACC’s net realisation dropped 3 per cent to Rs 3,325 a tonne. Net sales increased less than one per cent at Rs 17,958 crore (Rs 17,855 crore). Input costsRaw material cost was up 11 per cent to Rs 2,730 crore (Rs 2,465 crore) in the first quarter of the calendar year 2008. Freight cost jumped 9 per cent to Rs 2,435 crore (Rs 2,236 crore). “Coal pricing mechanism would shift from a controlled regime to a market-driven one, posing stiff challenges for ACC with almost 90 per cent dependence on domestic coal,” said Mr Kamlesh Bagmar, research analyst, Prabhudas Lilladher. Ambuja Cement’s realisation dipped 3.4 per cent to Rs 3,448 a tonne (Rs 3,571) on sequential basis. Raw material cost zoomed 62 per cent to Rs 255 crore (Rs 157 crore), while freight cost was up 24 per cent to Rs 274 crore (Rs 221 crore). UltraTech Cement’s realisation was down one per cent on sequential basis at Rs 3,796 a tonne (Rs 3,838). Impacted by bleak pricing scenario and unprecedented rise in input prices, earnings are unlikely to report growth for couple of years, Mr Bagmar said. Cement price control under Govt consideration Higher price realisations help cement firms post profits Good demand, higher prices boost India Cements Q3 net More Stories on : Cement | Cement
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
