In effect, aggregate realizations growth was tepid. The growth in demand eased.
According to Jefferies India, the cement industry demand grew at around 5-6% year-on-year (y-o-y) in Q3FY24, sharply lower than 12-13% in HIFY24. State elections, unseasonal rain in some regions, and labour shortage weighed on demand during Q3FY24.
Easing input costs brought relief last quarter. Prices of key fuels required to manufacture cement, petroleum coke, and imported coal, fell from recent peaks. Fuel consumption costs for cement players declined 5-15% quarter-on-quarter (except for ACC and Ambuja Cements which reported 1-2% quarter-on-quarter increase) in Q3FY24, said a Motilal Oswal Financial Services report.
In Q4FY24, companies expect fuel cost to stay flat or decline 4-5%, it added.
In a bid to save operating costs and reduce their carbon footprint, cement companies are adopting green energy and alternative fuels in their fuel mix.
この記事は Mint Mumbai の February 20, 2024 版に掲載されています。
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この記事は Mint Mumbai の February 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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