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Cement firms’ earnings are at risk even as input costs soften

The diesel price cut of ₹2 per litre after a long gap is positive news for cement stocks. Roadways form a significant portion, over 50%, of cement makers’ transport mix, so movement in diesel prices is crucial to gauge how freight costs will pan out.  Additionally, the costs of imported petroleum coke and coal, which are the key fuels required to manufacture cement, have also softened from recent peaks.…

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