Margin under pressure; demand outlook stays firm cement capacity of 19.4 MT spread across Tamil Nadu, Andhra Pradesh, Odisha, West Bengal. In sales terms, south contributes ~71% of sales while east contributes 24%, which is served via grinding units in West Bengal (2 MT) and AP (2 MT). Q2FY22 Results: Operational performance remained marginally better than our estimates; tax adjustments inflated profitability during Q2FY22. Revenue increased 18% YoY to | 1493 crore. Volumes were up 22.5% YoY...