Cement investors see Q3 with mixed feelings
2 years ago

Cement investors see Q3 with mixed feelings

Live Mint  

After a dull September quarter, expectations were that cement demand and prices would bounce back meaningfully in the December quarter of FY23. In the last few weeks, cement demand has been largely driven by government infrastructure projects, while the individual home building segment is yet to recover, said Motilal Oswal Financial Services Ltd in a report on 20 December. The domestic brokerage house expects cement demand to see 7% year-on-year growth in Q3FY23, albeit aided by last year’s low base. Cost pressures have likely peaked out, but significant earnings upgrades would depend on the pace of revival in cement prices and margins, said analysts.

India Prices Price Cost Demand Quarter Q3Fy23 Cement Demand Cement Investors  demand  q3  sequentially  cement  investors  prices  costs  feelings  sectors  mixed  price  q3fy23  cost  quarter

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Cement Prices Dip 6% in Q4 FY24, Boosting Sales
8 months ago

Cement Prices Dip 6% in Q4 FY24, Boosting Sales

Deccan Chronicle  

Chennai: Cement prices were down 6 per cent sequentially in the fourth quarter of FY24. A 6 per cent sequential decline in cement prices to Rs 370-375 on average per 50 kg bag was seen in the fourth quarter, with exit prices in March at Rs 360-362 per bag. Thus, at the overall level, cement prices have been subdued, declining …

Valuations don’t provide strength to cement stocks
10 months ago

Valuations don’t provide strength to cement stocks

Live Mint  

For cement companies, the December quarter was a mixed bag. “Fuel consumption costs for cement players declined 5-15% quarter-on-quarter to ₹1.50- ₹R2.05/Kcal in Q3FY24," said a Motilal Oswal Financial Services report. In a bid to save operating costs and reduce their carbon footprint, cement companies are increasingly adopting green energy and alternative fuels in their overall fuel mix. “Given that …

Chart Beat: Tough March quarter for cement companies?
10 months, 1 week ago

Chart Beat: Tough March quarter for cement companies?

Live Mint  

Pricing trends in the domestic cement industry have remained subdued for a while now. According to a recent dealers channel check by Jefferies India, there was a 1.5% decrease in the all-India average cement price to ₹362 per 50-kg bag in January. There is a risk to realization of cement companies in the March quarter, if prices remain muted in …

H1FY24 likely to be a washout for cement prices
1 year, 5 months ago

H1FY24 likely to be a washout for cement prices

Live Mint  

Cement prices have been lacklustre so far in the June quarter, even as demand has remained robust driven by government spending on infrastructure projects. That said, strong cement demand and easing input cost inflation are comforting and could save the sector from seeing steep earnings downgrades for FY24. Government expenditure on infrastructure development is driving a broad-based increase in cement …

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