New Delhi, April 13 -- Cement manufacturers in India are likely to witness a sharp decline in profitability in the current financial year due to the elevated energy costs that could weigh on margins, said Crisil Intelligence in a report.
The decline is primarily attributed to a surge in energy prices triggered by geopolitical tensions in West Asia, which have significantly increased power and fuel expenses, a key cost component accounting for 26-28 per cent of total costs, the report said.
Further, in a report, Motilal Oswal Financial Services said in the March quarter of FY26 (Q4 FY26), top cement companies are expected to post healthy volume growth.
This will be supported by stronger construction activity and government capital expendi...