In-line Performance; Stronger YoY Realisation Negates Higher Opex
Ambuja Cements (ACEM) has reported broadly in-line performance in 3QCY19 with its operating profit &n..
Dismal volume growth was a key disappointment in UltraTech Cement Ltd’s September quarter earnings. Given the seasonal weakness, analysts were anticipating only..
In-line; Revival driven by capex-led growth
* Weak demand impacts volume but pricing strong:
Volumes declined 1.5% YoY to 6.44mt in 3QCY19. However, premium p..
Cement – Decent Performance Expected despite Tepid Demand
While the demand scenario continued to remain dismal and pricing momentum got seasonal hit during 2QFY2..
Demand weakness persists; prices decline further in south, east
Near-term pricing outlook bleak
* According to our recent channel checks, cement demand remain..
Shares of cement maker ACC on Wednesday jumped over 4 per cent after it reported a 44.66 per cent rise in consolidated net profit for the third quarter ended September 30..
ACC Ltd reported lacklustre results for the September quarter. Consolidated net profit and revenue improved from the year earlier, thanks to premium products, but cement ..
Considering the sluggishness in the economy and subdued cement prices, one shouldn’t expect much from the September quarter earnings of cement companies. As it is, ..
Higher clinker utilisation to support prices; lower taxes to drive EPS upgrade
Industry clinker utilisation likely increased to ~79% in FY19 after almost a decade from..
Emami scouting buyers for its cement assets
Valuations could be a stumbling block
* According to media reports (The Economic Times), Dalmia Bharat (DBL) has submit..
CENTURYTEX added around 5% in open interest as short buildup was seen in it in previous session. Current chart pattern also indicates further dow..
Major rollback of prices in South/East, marginal in other regions
Declining costs to cushion fall in margins
* All-India cement prices declined ~2% MoM in Aug..
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