Sakshi Batra does a 3 Point Analysis of the quarterly performance of these companies to understand the sector dynamics and the way forward.
Asbestos cement sheet manufacturers Everest Industries and Visaka Industries reported a mixed quarterly performance in the third quarter of FY19.
While the profitability of former was supported by tighter cost controls, increase in selling & distribution expenditures hampered the margins of the latter.
Industry reforms and government policies have had a positive impact on the organised building material players as indicated by the robust volume growth in the past few quarters.
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