Andhra Cements Reports Mixed Q1 Results with Revenue Growth but Higher Net Loss
Andhra Cements Limited, a subsidiary of Sagar Cements, reported mixed Q1 results. Revenue increased by 57% to ₹995.00 million, and EBITDA turned positive at ₹66.00 million. However, net loss widened to ₹296.00 million. The company's Managing Director expressed satisfaction with revenue growth and EBITDA turnaround while acknowledging ongoing challenges. A rights issue to raise up to ₹15,000.00 million is in progress to strengthen the company's financial position.
12May 25
Andhra Cements' Q4 Net Loss Widens to ₹499.00 Crore Amid Slight Revenue Dip
Andhra Cements Ltd. reported a significant increase in net loss for Q4, rising to ₹499.00 crore from ₹188.00 crore in the previous year, marking a 165.43% increase. Revenue slightly decreased by 2.51% to ₹895.00 crore from ₹918.00 crore. The company's financial performance reflects challenges in the Indian cement industry, including cost management and operational efficiency issues.