ICRA reports domestic cement sector to see growth post FY19 of 6%

By Realty Quarter Bureau The domestic cement sector is expected to post a 6% growth in FY2019 with growth momentum likely to sustain though input costs like power, fuel and freight expenses are likely to put pressure on the operating profitability of cement companies in the coming quarters, ratings agency ICRA has said. Domestic cement production was higher by 6.3% at 298 million tonnes […]

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Jindal Steel & Power Ltd Posts Consolidated Net Profit of Rs5.5cr in Q4FY18

By Realty Quarter Bureau Jindal Steel and Power beat consensus estimates for both revenue and net profit in Q4FY18. Revenue grew by 27.3% yoy to Rs8, 599cr (expectation Rs8, 081cr). EBITDA stood at Rs2, 136cr, up 37.7% yoy against estimates of Rs2, 014cr. EBIDTA margin rose by 187bps yoy to 24.8%. Adjusted Net Profit stood at Rs5.5cr (expectation of Rs3cr). […]

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