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Cement sector to better days after Q2
Cement

Cement sector to better days after Q2

Brokerages have remained bullish on the cement pack, expecting companies to report solid growth in volumes, revenue, and profit after tax (PAT) in the current fiscal year's September quarter. However, because of the impact of the monsoon on construction activities, the second quarter is traditionally a weak quarter for cement producers in terms of demand. Reviving retail and institutional demand as the monsoon recedes, as well as an increase in construction activity due to lower building raw material prices, are likely to benefit cement companies going forward. India's cement sector profitability (EBITDA/tonne) is expected to bottom out by 2QFY23 and may reach new highs by FY25, as most cost increases are expected to be passed on by then.

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Brokerages have remained bullish on the cement pack, expecting companies to report solid growth in volumes, revenue, and profit after tax (PAT) in the current fiscal year's September quarter. However, because of the impact of the monsoon on construction activities, the second quarter is traditionally a weak quarter for cement producers in terms of demand. Reviving retail and institutional demand as the monsoon recedes, as well as an increase in construction activity due to lower building raw material prices, are likely to benefit cement companies going forward. India's cement sector profitability (EBITDA/tonne) is expected to bottom out by 2QFY23 and may reach new highs by FY25, as most cost increases are expected to be passed on by then. Also Read UltraTech plans to increase domestic cement capacity by a third by F.. Ambuja Cements allots 477-million warrants to Adani family firm

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Technology

Six ways a smarter workflow leads to faster, more accurate bids

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Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

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Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

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