The March quarter results turned out to be a mixed bag for the cement sector. Jan-Feb saw decent volume offtake across key markets. However, Covid-19 sparked a severe disruption and dragged down volumes for the quarter. Higher realisations partially offset the drop in volumes and EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) margins improved on softening of input costs. Key result highlights JK Lakshmi Cement’s revenues declined 11 percent year-on-year (YoY) on the back of 16 percent fall in...
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