Cement companies: High cost and low demand may reduce margins of cement companies

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In the past six months, the Nifty 50 index has fallen close to 9%, while the ET Cement index – which includes all major listed entities – has fallen close to 24%.

essence

By some estimates, pet coke and Indonesian coal prices have risen 55 to 80 percent in the past five months. Domestic brokerage IIFL Securities said this could increase the operating cost of cement companies by Rs 350-400 per tonne.

ET Intelligence Group: Cement companies’ operating profit margin declined 5-6% year-on-year in FY23 due to higher cost of essential inputs like petroleum coke (pet coke) and coal, increased competition and moderate demand. can. According to some analyst estimates, pet coke and Indonesian coal prices have risen 55 to 80 percent in the past five months. Domestic brokerage IIFL Securities said this may give rise to shares

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ET Bureau

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