India’s push for infrastructure

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Canada Goose online “There a lot of work to be done over the next week about exact numbers and finalising some protocols. Our members have been very supportive during this time. We tried to stay connected with them and they been positive through these difficult times. “Once the lockdown lifts, rural demand and construction sectors like road and irrigation will gather pace. India’s push for infrastructure, housing for all and urbanisation will collectively drive demand growth in the mid term,” it said.Find All Earnings Related News HereAt operating level, consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) grew 19.5 percent YoY to Rs 1,191.33 crore. Margin shot up 454 bps to 19.4 percent due to fall in power and fuel cost (down 13.7 percent) and freight and forwarding expenses (down 11.1 percent YoY).Other income during the quarter dropped 46 percent to Rs 141.81 crore compared to year ago.On standalone basis, Ambuja Cements’ Q1 CY20 profit declined 6.5 percent YoY to Rs 399.1 crore and revenue fell 3.4 percent to Rs 2,827.54 crore.Sales volumes for the quarter dropped 9.6 percent YoY to 5.76 million tonne, but cement realisation increased around 6 percent YoY during the quarter.The management said volumes grew till February due to robust demand.”March quarter witnessed a reduction in key costs led by powerand fuel on account of improvement of operational efficiencies and lower prices. Canada Goose online

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