Price when result was announced : 1498
- Sales grew at 3% YoY that is lowest in last ten quarters.
- Volume growth came at -1.6% lowest in last fourteen quarters but the Ready mix segment grew at 11%.
- There was a reduction in cost due to various measures but power and freight costs were up by 4-6%.
- EBITDA/ ton was higher by 28% at Rs.864 as the cost impact and realisations were better.
Recommendation : HOLD