Ideas for Profit | UltraTech: Easing cost pressures to aid margin; buy on dips
By : Moneycontrol
Published On: 2019-01-25
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03:16
UltraTech Cement, India’s largest cement manufacturer, posted a decent set of Q3 FY19 earnings . The company reported healthy double-digit volume growth on the back of consolidation of Binani Cement volumes. Operating margin declined on a sequential basis, but cost pressures seem to be easing as power & fuel as well as logistics costs have started moving downwards.
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