Consensus earnings are yet again likely to be upgraded given better than expected volumes/prices. After posting >40% y-o-y Ebitda growth in each of the past two quarters, cement companies in our coverage universe are likely to repeat the performance in Q4FY21 too. This would be led by 24% y-o-y volume growth with Ebitda/te rising 14%
Financial News
In January’21, mobile broadband penetration in India stood at 63.3%, up 680bps from 56.5% in January’20, despite 30-40% tariff hike. Exactly a year ago, we wrote ‘Andra tutto bene’ (everything is going to be alright!) in which we analysed the likely changes to consumption, industry structures, etc. We revisit the thoughts, we are looking beyond
Mylab’s solution will free up labs to test the more urgent and serious cases and avoid the load on these labs. There has been a sharp increase in demand for on-site testing for Covid-19 at workplaces ever since the second wave began in March 2021. Around 112 companies in and around Pune have approached Mylab
The momentum in credit growth picked up in October 2020 and has registered positive growth on a financial year basis since November. Agri credit growth hit a nearly four-year high of 10.2% year on year (YoY) in February 2021, the Reserve Bank of India (RBI) said in its monetary policy report for April 2021. This
Maharashtra is expected to produce 105-107 lakh tonne of sugar, while production in UP is expected to touch 105 lakh tonne at the end of the season. After a gap of nearly five years, Maharashtra has overtaken Uttar Pradesh (UP) in sugar production. The state crossed the 100 lakh tonne-mark by the end of March,