A leading cement manufacturer reported a marginal growth of 0.69% in net profit for the quarter ended June 2024. Profit after tax stood at ?145 crore in Q1 FY25, compared with ?144 crore in the same quarter of the previous fiscal year.

The company’s net consolidated total income was ?3,671 crore in Q1 FY25, a slight decline of 0.27% from ?3,681 crore recorded in the corresponding period last year.

Installed cement capacity as of June 30 stood at 45.6 million tonnes (MnT), with a net debt-to-EBITDA ratio of 0.17x. Cement volumes increased 6.2% year-on-year to 7.4 MnT, while renewable energy consumption rose to 35%.

Although overall demand remained weak during the quarter, margins improved due to better input costs and the reversal of certain inefficiencies from the previous quarter. The company added 2 MnT of cement capacity in the southern region and plans to add another 2.9 MnT in the North East and East regions during FY25.

Additionally, 1 MnT capacity was commissioned at existing units in Tamil Nadu and Andhra Pradesh, taking the total installed capacity to 17 MnT in the South and 46.6 MnT nationwide. This expansion aligns with the long-term strategy to increase total cement capacity to 110–130 MnT by 2031.

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