Q3 woes: Cement companies may face earnings downgrades again
Cement producers expect net profit declines in the December quarter, leading to earnings downgrades. Despite a 7-8% increase in sales volumes, revenues will remain flat. Ebitda for these companies may drop by 20-30%, while some profits could decline by 30-60%. Larger producers like UltraTech Cement and Ambuja Cements may fare better.
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