Cement sector forecasts are grim for the Jun and Sep quarters, due to the overhang of lockdown and monsoons The Aditya Birla Group-owned UltraTech Cement Ltd’s stock closed 3% higher on Wednesday, cheering a strong March quarter (Q4FY20) performance.
The pan-India cement maker gained from strong product prices and lower material cost, as did its peers that have declared results in the last fortnight.
On a per-tonne basis, the earnings before interest, tax, depreciation and amortization (Ebitda) rose 14% year-on-year (y-o-y) to ₹1,144.
This was primarily due to lower costs on most fronts—raw material, freight and energy. Strong cement prices meant net blended realizations improved by 3%.