Miss led by lower volumes
* Volume miss led by poor demand…: 2QFY20 volumes declined 27% YoY to 0.45mt (v/s est. 0.51mt) due to demand pressure in Gujarat. Whi..
Miss on margins led by weak VSF and Chemical profitability
* 2QFY20 standalone revenue declined 6% YoY to INR48b (in-line). EBITDA declined 38% YoY to INR6.6b (v/s es..
Steady Performance despite High Opex; Maintain BUY
Mangalam Cement (MGC) has delivered a steady operating performance in 2QFY20 mainly aided by better-than-industry&rs..
Robust Performance Sustained; Maintain BUY
JKCE continued to report strong performance in 2QFY20 surpassing ours and street’s estimates mainly led by higher-than..
ACC Limited (ACC)
ACC has been struggling around the resistance zone of multiple moving averages on daily chart for the past one month or so. Considering its prevailin..
The company reported standalone net profit during the quarter stood at Rs 15.38 crore compared to net loss of Rs 3.72 crore in the previous year quarter. Net revenue of t..
Ultratech Cement Ltd
ULTRACEMCO has witnessed decent correction from the top and currently hovering in a broader range of 3800-4400 levels. It has formed a fresh short..
Steady Performance Continues despite Challenges
HeidelbergCement India (HEIM) continued to deliver steady performance in 2QFY20 despite moderate deterioration in opex...
Significant miss led by higher costs
* Cement profitability increases 4% YoY: 2QFY20 revenues declined 2% YoY to INR13.1b (in line with est.). Cement and clinker volu..
Beat led by lower-than-estimated costs
* Margin improvement driven by realizations: Consol. volumes increased 4% YoY to 3.2mt (our estimate: 3.13mt). Cement realizatio..
The company reported standalone net loss during the quarter stood at Rs 28.59 crore as compared to net loss of Rs 35.68 crore in the previous year quarter. Net revenue of..
Ambuja Cements Limited (AMBUJACEM)
In line with other cement counters, AMBUJACEM has been trading with negative bias for the last several months. Though it has h..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
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