The second wave of Covid-19 has adversely impacted domestic cement production - the all India production declined 35 per cent month-on-month in April 2021 and was lower by 4 per cent compared to April 2019, said ICRA in its recent report.
While the cement prices are likely to largely sustain in the near term, the higher input costs, due to the increasing crude oil prices and under-absorption of overheads, are likely to result in a moderation of EBIDTA/tonne to around Rs 1,200 per tonne in Q1FY22, lower by 20 per cent year-on-year and 6-7 per cent quarter-on-quarter basis, it said.
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