Cement Sector Q3 Preview: Earnings Outperformance To Continue - Nirmal Bang
A limestone and clay mix sits in a pile inside a cement plant. (Photographer: Gianluca Colla/Bloomberg)

Cement Sector Q3 Preview: Earnings Outperformance To Continue - Nirmal Bang

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.

Nirmal Bang Report

We expect yet another bumper quarter for the cement sector in Q3 FY21 despite rising costs and relatively weak pricing (QoQ) as demand recovery has been better.

For our coverage universe, we are building in approximately 8% YoY growth in revenue, driven largely by volume and pricing growth on YoY basis.

Ebitda is expected to be higher by 28% YoY as operating costs despite rising on QoQ basis will be lower on YoY basis. Similarly, pricing is expected to be up on YoY basis but down on a sequential basis.

Click on the attachment to read the full report:

Nirmal Bang Cement Sector Update and Q3FY21 Preview - 7 January 2021.pdf


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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.