The Ramco Cements Ltd share Price

Ramco Cements is the dominant player in South India with cement capacity of 19.4MT spread across Tamil Nadu, Andhra Pradesh, Odisha and West Bengal. In terms of sales, South contributes ~71% of sales while East contribute 24% which is served via grinding units in WB (2MT) and AP (2MT).

• The company also has windmill capacity of 166MW, captive thermal power plants of 175MW and 18MW of WHRS.

Self-reliance on power, split grinding units near markets and focus on green power has helped the company to remain cost efficient player in South India

Lower base and better than expected realisations led to sequential improvement in the performance.

• Revenues improved 10.3% QoQ to ₹1709.1 crore. Volumes were up 4% QoQ (down 0.6% YoY). Realisations were up 6.1% QoQ, 5.4% YoY
• Cost pressure and high base lead to margin contraction of 1027bps YoY to 17.3 while it improved sequentially by 237bps.
• Net profit grew 50.3% QoQ to ₹124.1 crore although it was lower by 42% on YoY basis

Q4FY23 Quarterly & FY23 Annual Result Announced for The Ramco Cements Ltd.

The Ramco Cements announced Q4FY23 & FY23 results:

• Net revenue is Rs 2,581 crore, compared to Rs 1,719 crore in Q4FY22 with a growth of 50%. Net revenue for FY23 is Rs 8,172 crore as against Rs 6,011 crore during FY22 with a growth of 36%.
• EBITDA is Rs 424 crore, compared to Rs 305 crore in Q4FY22 with a growth of 39%. EBIDTA for FY23 is Rs 1,219 crore as against Rs 1,314 crore during FY22 with de-growth of 7%. 
• Blended EBITDA per ton is Rs 917/-, compared to Rs 956/- in 04FY22 with a de-growth of 4%. Blended EBIDTA per ton for the FY23 is Rs 823/- as against Rs 1,190/- during FY22.
• Operating ratio is 16% compared to 18% in Q4FY22 with a de-growth of 2%. Operating ratio for FY23 is 15%, as against 22% during FY22 with a de-growth of 7%.
• Profit before tax for Q4FY23 is Rs 207 crore as against Rs 164 crore during the Q4FY22 with a growth of 26% whereas profit before tax for FY23 is Rs 474 crore as against Rs 801 crore during the FY22 with a de-growth of 41%.
• The company has incurred Rs 389 crore and Rs 1,765 crore during Q4FY23 and FY23 respectively for the above-mentioned capacity expansion including regular capex.
• The net debt for the company as on 31-3-2023 is Rs 4,351 crore, out of which Rs 478 crore is for working capital.

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