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News The India Cements records earnings of US$1.68bn in second quarter of 2024 financial year

The India Cements records earnings of US$1.68bn in second quarter of 2024 financial year

Written by Global Cement staff 02 November 2023
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India: The India Cements’ earnings before interest, taxation, depreciation and amortisation (EBITDA) reached US$1.68m during the second quarter of the 2024 financial year. The producer recorded a negative EBITDA of US$10.5m during the second quarter of the previous financial year. It succeeded in reducing its net loss by 41% to US$9.73m from US$16.6m. The India Cements said that oversupply and competition placed its cement prices under pressure.

Last modified on 08 November 2023
Published in Global Cement News
Tagged under
  • India
  • India Cements
  • Results
  • market
  • Overcapacity
  • Price
  • GCW633

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