The anticipation of increased spending by the central government in preparation for the 2024 general elections is projected to provide an additional impetus to cement demand in FY24, said Choice Broking.
Net revenue from operation stood at Rs 4,901 crore up 20% YoY from Rs 4,069 crore reported in the year-ago period. On a sequential basis, it was up 7% over Rs 4,585 crore reported in Q2FY24.
ICICI Securities expects sharp volume push in North and Eastern region to drive 14.7 percent YoY, 9.8 percent QoQ growth in volumes during the quarter.