UltraTech Cement rallies 6% post Q3 results; Ramco, JK Lakshmi surge 5%

Quick Summary:

Going forward, UltraTech expects to generate a sustainable volume growth of 7- 8% on likely government focus on infrastructure and housing projects, alongside increased rural and urban demand.

Analysts expect cement companies to benefit from lower operating cost, driven by access to low-cost fuel, internal cost-saving initiatives and operating leverage.

Sequentially, however this was a huge turnaround for the cement firm, up 79.2 per cent from Rs 820.04 crore reported at the end of Q2FY25.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Amubja Cements Ramco Cement Shree Cement Domestic sales volume Markets Q3 Infrastructure UltraTech Cement Birla Corporation Rural and urban demand ACC Housing projects JK Cement JK Lakshmi Cement Cement shares Elara Capital

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 15:00:19 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 25360922

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