The September quarter (Q2FY25) was more of the same. Sluggish demand, along with an extended monsoon and lower infrastructure spends, weighed on earnings, prompting earnings downgrades for FY25.
The 13 building materials stocks under the coverage of BOB Capital Markets saw muted year-on-year growth in aggregate for the seventh straight quarter, up a mere 1.3% in Q2. Ebitda was down 20.9% on-year due to margin pressure on account of heightened competition in a weak demand environment, said a BOB Capital Markets report on 19 November. Ebitda stands for earnings before interest, taxes, depreciation and amortization.
Bu hikaye Mint Hyderabad dergisinin December 05, 2024 sayısından alınmıştır.
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Bu hikaye Mint Hyderabad dergisinin December 05, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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