India Cements' quarterly loss narrows on cost-control measures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
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Source: reuters
- India Cements Fourth Quarter Performance: India Cements reported a narrower loss in the fourth quarter due to cost-cutting measures despite a revenue drop from lower cement prices.
- Reasons for Improved Performance: Lower fuel and transport costs contributed to an 18% decrease in total expenses, surpassing the 14.7% decline in revenue caused by falling cement prices.
- Industry Trends: Cement prices decreased by 5% sequentially in January-March as companies offered discounts to meet volume targets and compete effectively.
- Peer Comparison: Larger peers like ACC and UltraTech Cement reported better profits, while Dalmia Bharat experienced a smaller profit decline than expected.
- Stock Performance Analysis: Analysts' ratings were standardized on a scale, and the stock's ratio to the mean price target was discussed for performance evaluation in the January-March period.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
