Elara Capital cautions that the near-term pricing environment remains weak, with operating leverage and higher costs likely to weigh on profitability in Q2FY26 and potentially spill over into Q3FY26.
It still beat Q1 estimates despite decline on both YoY and sequential bases
The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business.
HeidelbergCement India, Mangalam Cement, JK Cements, Shree Cement, JK Lakshmi Cement, Prism Cement, India Cements and Shree Digvijay Cement were gained more than 2%.