This is a cement making company and has a total consolidated capacity of 24 MTPA, the fourth largest cement company in India. Its USP is its market – from being recognized as a Southern compay, it has made deep entrenchments into East and North East of India. It made its presence in these regions through acquisitions on OCL India in Odisha, Calcom Cements in Assam and Adhunik Cement in Meghalaya. At the same time, it is expanding its capacity in Karnataka, ensuring its presence in South. Currently 79% of its revenue comes from South and by end FY16, hopes to bring it down to 60%.

The company posted a very good set of numbers for Q3Fy16, aided by good volume growth,  and cost optimization. Its total income rose 10% (YoY) at Rs.1474 crore. EBITDA improved by a 59% at Rs.348 crore and margins jumped up by 730 bps to 24%. What really helped was the cost of production, which was down 11% to 3,411 on per tonne basis for the quarter. Raw Material cost on per tonne basis has reduced by 11% YoY for the quarter on account of sustainability initiatives through increased production of blended cement from 73% to 83% and increased usage of additives. Power & Fuel cost on per tonne basis was lower by 26%. It ended the quarter with a net profit at Rs.16 crore, up 136%. It debt though continues to remain high and every quarter, the interest outgo stands at over Rs.170 crore.