ADVERTISEMENT

Anand Rathi: Deccan Cements Posts Strong Q2 Performance; Uncertain Demand To Persist

Anand Rathi: Deccan Cements Posts Strong Q2 Performance; Uncertain Demand To Persist

A worker transports cement in a wheel-barrow along a road in Ooty,  India. (Photographer: Dhiraj Singh/Bloomberg)
A worker transports cement in a wheel-barrow along a road in Ooty, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

A low base and firm prices in its operating region (Andhra Pradesh/Telangana) led to Deccan Cements Ltd.’s strong Q2 performance, it highest quarterly Ebitda.

Labour shortages led to delay in completing its six mega watt waste heat recovery system.

Demand in H2 is expected to be hit by funding issues for government projects piling pressure on prices and stretching receivables days.

Click on the attachment to read the full report:

Anand Rathi Deccan Cement Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.