Video | Cement companies report concrete gains despite weak volumes in Q4 – The Hindu BusinessLine

Clipped from:

Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs

Cement manufacturers were battling weak volumes for most part of FY20.

The situation only worsened with the complete halt in construction activities beginning March quarter.

Though the impact of the nationwide lockdown was felt only for 10 days in the March quarter, listed companies reported a steep drop in volumes — 10-16 per cent (y-o-y) — during the quarter.

However, companies continued to report a healthy growth in EBITDA margins, thanks to better realisations and cost savings.

Read the story here:

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s