Economy & Market
Cement firms continue growth drive
After a spectacular performa-nce in the last September quarter most of the cement compa-nies conti-nued with good performances. JK's white cement (including wall putty) volumes at around 1.01 lakh tonne mark an increase of 24.9 per cent year-on-year and 9.4 per cent sequentially.
The revenues and profitability are being driven by volume growth in high margin white cement as well as grey cement. White cement volume grew good 24.9 per cent Y-o-Y and 9.4 per cent sequentially in the back of strong demand. On the flip side, White cement EBITDA per tonne stood at Rs 4,299 as compared to Rs 4,566 in September 2011 quarter though higher than Rs 4,284 June 2012 quarter.