Financial Performance Of Cement Companies In YSR Kadapa District

Finance is the lifeblood of any industry. The financial management study deals with the process of procuring necessary financial resources and their judicious use with a view to maximizing the value of the firm and thereby the value of the owners i.e., Equity shareholders in a company. The financing of a business firm implies provision of funds required to be invested in fixed capital and working capital. The availability of capital is of great importance to a financial manager, securing the capital from a sound source is his prime concern. So, financial management is of vital importance in any industry IMPORTANCE OF FINANCIAL MANAGEMENT A Financial Manager is essential in any type of economy, whether it is a centrally planned economy (China) or a capitalist set-up ( USA) or a mixed economy (India). He plays a crucial role in the utilization of resources in the most profitable manner. Colin Brooks remarked “Bad production management and bad sales management have slain their hundreds but faulty finance; but has slain its thousands”.