Sunday, May 15, 2022

cement: Analysts upgrade FY22 earnings of large cement firms by 10-25%. Here’s why

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This has improved the pace of execution of projects and ensured demand for cement firms.

Synopsis

Cement firms, in their interaction with analysts, pointed out that except Maharashtra, demand across the country has improved materially. In the beginning of October, the average cement price in the country increased 7% to Rs 350 per 50 kg bag.

ET Intelligence Group: After two consecutive quarters of better-than-estimated performance, analysts have upgraded earnings per share (EPS) of large cement firms for the current and the next financial years. They have increased their earnings estimates of firms such as Ultratech Cement, Ambuja Cements and Shree Cements by 14-35%. For 2021-22, EPS estimates have gone up 10-25%. In the past few months, there have been increasing signs of improving

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