Cement News tagged under: Indian-sub continent
Indian cement sector profitability to reach new highs in FY2511 October 2022, Published under Cement NewsIndia's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR). The Indian stockbroking company cites in its latest report that companies in its coverage will see EBITDA/t rise from INR970/t (US$11.77/t) in FY23e to INR1320/t in the FY25e. Declining fuel costs by around 30 per cent from the peak, improved demand led by urban housing, and higher government infrastructure spending (up by eight per cent CAGR ... |
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