Orient Cement's top-line de-grew by ~13% Y-o-Y to `6545mn primarily on the back of decline in sales volume. Sales volume plunged 14.2% YoY to 1.57mn MT due to combination of weak demand in South India and nationwide shutdown (led by Covid-19 pandemic) in last week of March 2020. However, realisations were up marginally by 1-2% YoY to `4169/MT on account of higher sales from higher price markets. EBITDA in Q4FY20 stood at `1247mn down 18.5% Y-o-Y on the back of sales decline however it inched higher 127% QoQ primarily on the back of lower raw material costs which plunged 26% QoQ to `468mn in Q4FY20. Further higher realization and lower...