{"id":626527,"date":"2024-01-05T10:12:06","date_gmt":"2024-01-05T04:42:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=626527"},"modified":"2024-01-05T10:49:04","modified_gmt":"2024-01-05T05:19:04","slug":"subdued-realisations-higher-energy-costs-to-shrink-margins-of-base-metal-industry-by-200-225-bps-in-fy2024","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/subdued-realisations-higher-energy-costs-to-shrink-margins-of-base-metal-industry-by-200-225-bps-in-fy2024\/","title":{"rendered":"Subdued realisations, higher energy costs to shrink margins of base metal industry by 200-225 bps in FY2024"},"content":{"rendered":"<p>The earnings of the primary base metal industry would remain under pressure in H2 FY2024, after a lacklustre first half performance, which saw operating margin declined by ~250 bps, said a recent report by ICRA. Stagnant base metal prices in the last two quarters and a recent increase in energy costs are the key headwinds affecting the margins, it added. Nevertheless, the domestic demand growth rate is likely to remain healthy at ~10 per cent in the next two fiscals and would significantly outpace the expected rate of global demand growth. As a result, despite pressure on profitability, ICRA has maintained a stable outlook on the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The earnings of the primary base metal industry would remain under pressure in H2 FY2024, after a lacklustre first half performance, which saw operating margin declined by ~250 bps, said a recent report by ICRA. Stagnant base metal prices in the last two quarters and a recent increase in energy costs are the key headwinds affecting the margins, it added. Nevertheless, the domestic demand growth rate is likely to remain healthy at ~10 per cent in the next two fiscals and would significantly outpace the expected rate of global demand growth. As a result, despite pressure on profitability, ICRA has [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-626527","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/626527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=626527"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/626527\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=626527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=626527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=626527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}