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Investors should remain upbeat on cement sector; price hike is a positive

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Investors should remain positive on cement sector; firms stay optimistic

Devangshu Datta
The cement sector may be looking at better realisations and higher volume offtake going by the trends of the October-December quarter of the 2022-23 financial year (Q3FY23), a recent price hike, and the promise of a continued infrastructure thrust in FY24.

In Q3, revenues rose by an aggregate of 17 per cent year-on-year (YoY), but Ebitda (earnings before interest, tax, depreciation and amortisation) per tonne, fell by 14 per cent YoY while profit after tax (PAT) rose by 23 per cent YoY.

Expenses were up 30 per cent per tonne YoY -- power and fuel costs in particular -- and

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First Published: Feb 22 2023 | 8:35 PM IST

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