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Shree Cement's superior Q2 show will help sustain premium valuations

With the company's cost leadership being maintained, it reported much better per tonne operating profit

Topics
Shree Cement | Q2 results | cement industry

Ujjval Jauhari  |  Mumbai 

Shree Cement’s superior showing for the July-September quarter (second quarter, or Q2) topped the strong performance posted by most large-cap cement players. On sales volume, Shree Cement posted a stronger growth of 14 per cent year-on-year (YoY) to 6.53 million tonnes (mt).

Sales volume surged 36 per cent over the lockdown-impacted April-June quarter. Earlier, UltraTech, though a pan-Indian player, on a much higher base had reported an increase of 8 per cent in volume to 18.52 mt for domestic operations. Ambuja Cements (more comparable to Shree Cement) had seen similar ...

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First Published: Thu, November 12 2020. 10:38 IST
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