Cement Markets : Harbinger Of Things To Come
ACC Cements Q1 results with a show of Rs.131.4 crores shocked most analysts particularly the analysts who predicted a net profit of Rs.205 crore.
The key factors for the fall in net profits inspite of ACC Cement selling more cement, can be attributed to rising costs in terms of coal, cement freight, retail diesel prices and employee remuneration.
Cement price pressure due to surplus cement capacities with the exception of South India and East India cement markets in turn has contributed to the drop in ACC Cements net profits.
Read more on ACC Cement Sales and net profits...
ACC Cements Q1 results with a show of Rs.131.4 crores shocked most analysts particularly the analysts who predicted a net profit of Rs.205 crore.
The key factors for the fall in net profits inspite of ACC Cement selling more cement, can be attributed to rising costs in terms of coal, cement freight, retail diesel prices and employee remuneration.
Cement price pressure due to surplus cement capacities with the exception of South India and East India cement markets in turn has contributed to the drop in ACC Cements net profits.
Read more on ACC Cement Sales and net profits...
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