Cement - Q3FY24 Earnings Preview
Cement demand momentum moderated in Q3FY24: After witnessing double-digit volume growth in H1FY24, cement demand momentum moderated in Q3FY24.
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HSIE Results Daily: Indian Oil Corporation, Godrej Consumers, Ambuja Cement, Gail
Our ADD rating on Indian Oil Corporation (IOCL), with a target price of INR 100, is premised on robust refining and marketing margins, partially...
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HSIE Results Daily: Indian Oil Corporation, Godrej Consumers, Ambuja Cement, Gail, ACC, CDSL
IOCL reported EBITDA of INR 213bn (+11x YoY, -4% QoQ), which was broadly in line, while APAT came in at INR 130bn, marginally below estimate
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Cement (Q2FY24 Results Preview): Robust demand for sixth consecutive quarter
Demand momentum remains robust: We estimate our coverage universe of 15 companies will deliver strong 12% YoY volume growth (four-year CAGR: 9%) in...
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HSIE Results Daily: Titan, Ambuja Cement, Cholamandalam Investment and Finance Company
Ex-bullion sales grew 22% YoY to INR97.5bn (in-line) as both buyers’ growth (+14% YoY) and ticket sizes (+6% YoY) aided growth
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