Synopsis
Government thrust on roads, irrigation and other infrastructure projects, particularly in pre-election year, is expected to boost cement demand and brighten ACC’s prospects.
The cement player reported numbers higher than estimates in the December 2022 quarter supported by an increase in volumes and realisation. EBITDA and net profit were 5.6% and 7.2% higher than the consensus estimates of analysts compiled by Reuters-Refinitiv. The performance was better on a sequential or q-o-q basis. But both EBITDA and PAT witnessed a y-o-y decline in growth. The company has a national outreach with plants across 12 states and
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