Falling realty sales bothers cement net profit!
Not only the builders and construction companies are bearing the burnt of realty sales down, however the cement companies are also facing the same scenario.
According to the recent data even with the drop down in realty sales, the cement net profit of companies like; AV Birla, south Indian giant India Cements and JK Lakshmi Cement have all shown sharp up move during year 2011.
The real estate experts feel that the competitive realty market is also one of the reason for bringing in tough sales in cement.
Therefore the cement has not been hurt much with fluctuations in Indian realty market.
Source: Financial Chronicle
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