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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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Real Estate

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Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

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