Ambuja Cement’s Q2 CY21 earnings were quite promising and showed little impact of the second wave of the Covid-19 pandemic. The highlight of the earnings was its operating margins, which saw an expansion of 150 basis points on a quarter-on-quarter basis even on lower sales volumes. Quarterly result highlights After experiencing a steep decline in revenues during Q2 CY20, the company registered a strong revenue growth of 55 per cent in the April-June quarter this year. On a sequential basis, cement...