Construction Materials sector earnings growth, Q3 FY25

Weight is each company's share of the 20 companies' combined market cap. Contribution is the change in its owners' profit divided by their combined base profit, in percentage points, so the column adds up to the sector's earnings growth. EPS cannot be added across companies, which is why contributions use profit.

#	Company	Weight	EPS ₹, base → now	EPS growth	Contribution	Price
1	ULUltraTech Cement LimitedULTRACEMCO	36.7%	61.55 → 50.90	−17%	−5.9 pp	+9%
2	GRGrasim IndsGRASIM	17.9%	22.25 → 13.21	−41%	−11.8 pp	+14%
3	AMAmbuja Cements LimitedAMBUJACEM	14.7%	— → 8.59	sources disagree	—	+14%
4	SHShree Cement LimitedSHREECEM	10.3%	194.53 → 53.60	−72%	−9.7 pp	−10%
5	JKJ K CementsJKCEMENT	4.0%	36.73 → 24.54	−33%	−1.8 pp	+21%
6	DADalmia BharatLtdDALBHARAT	3.7%	14.02 → 3.25	−77%	−3.9 pp	−22%
7	RAThe Ramco Cements LimitedRAMCOCEM	2.5%	3.58 → 7.72	+116% one-off	+1.9 pp	−5%
8	NUNuvoco Vistas Corporation LimitedNUVOCO	1.4%	0.87 → −1.72	to loss	−1.8 pp	−8%
9	INThe India Cements LimitedINDIACEM	1.3%	0.02 → 3.95	+19,650% one-off	+2.3 pp	+45%
10	JKJK Lakshmi Cement LimitedJKLAKSHMI	1.1%	12.21 → 5.05	−59%	−1.6 pp	−7%
11	STStar CementSTARCEMENT	1.1%	1.82 → 0.22	−88%	−1.2 pp	+32%
12	BIBirla Corporation LimitedBIRLACORPN	1.1%	14.17 → 4.05	−71%	−1.5 pp	−14%
13	PRPrism Johnson LimitedPRSMJOHNSN	1.0%	−0.07 → 0.96	turned profitable	+1.0 pp	−7%
14	OROrient Cement LimitedORIENTCEM	0.8%	2.20 → 0.49	−78%	−0.7 pp	+37%
15	KEKesoram Industries LimitedKESORAMIND	0.8%	−1.57 → −2.23	loss, bigger	−0.4 pp	+24%
16	HEHeidelbergCement India LimitedHEIDELBERG	0.5%	1.39 → 0.23	−83%	−0.5 pp	−11%
17	KCK C PKCP	0.3%	5.44 → 1.24	−77% one-off	−1.0 pp	+50%
18	SASagar Cements LimitedSAGCEM	0.3%	−0.78 → −4.21	loss, bigger	−0.9 pp	−12%
19	MAMangalam Cement LimitedMANGLMCEM	0.3%	5.80 → 2.84	−51%	−0.2 pp	+34%
20	RARamco Industries LimitedRAMCOIND	0.3%	3.04 → 10.24	+237%	+1.2 pp	+25%
	Sector earnings growth	100%			−36.3 pp