Reliance Securities
India Cements (ICL) gained over ~6% in yesterday's trade with ~6.3x 2-week average volumes on better than expected performance reported by the company in 2QFY16. Cement EBITDA/tonne came in at Rs992 as against Rs651 and Rs871 reported in 2QFY15 and 1QFY16, respectively. Healthy operating performance along with yearly decline in interest costs (owing to reduction in debt) has benefitted ICL's net profit which stood at Rs410mn in 2QFY16, as against Rs75mn reported last year....
Prabhudas Lilladhar released a Buy report for Brokerage Research Reports on 09 Jul, 2025.
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