Cement Sector Check - Prices Further Firm Up: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.Our interaction with cement dealers suggests that average cement price at all India level has increased by 2% month-on-month in November 2022. This is the third consecutive month of price hike. Energy prices have seen a sharp decline post mid-Oct and decline has continued in Nov-22, with imported coal prices down by 21% month-on-month. This will have positive bearing on improving Ebitda/tonne of companies in Q3 FY23 and full impact of the same will be observed in Q4 FY23. Q2 FY23 results have been weak due to increase in the fuel cost, though management commentary on outlook is positive. We expect cement companies to report earnings recovery in upcoming quarters led by demand revival following pre-election spending and lower cost led by softening of coal and energy prices. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cement Sector Check - Prices Further Firm Up: IDBI Capital

Average cement price at all India level has increased by 2% month-on-month in November 2022.

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