Ramco Cements Q4 Results Review - Ebitda Inline; Weak Pricing An Overhang: Motilal Oswal
Reduces capex guidance to Rs 12 billion in FY25 from Rs 17 billion previously23-05-2024
23-05-2024
FY24 Annual Result Announced for The Ramco Cements Ltd.
The Ramco Cements announced FY24 results: Sales Volume: In FY24, the company achieved a sales volume of 18.40 million tons, marking a significant increase from the 15.02 million tons recorded in FY23, representing a growth of 22%, which is the highest in the industry. Capacity Utilization: Cement capacity utilization for FY24 stood at 83%, indicating efficient operational management. Net Revenue: The net revenue for FY24 reached Rs 9,392 crore, up from Rs 8,172 crore in FY23, reflecting a growth of 15%. Focus on Product Strategy: The company remains focused on the strategy of offering the right products for the right applications to strengthen its brands. EBIDTA: EBIDTA for FY24 increased to Rs 1,595 crore compared to Rs 1,219 crore in FY23, marking a growth of 31%. Blended EBIDTA per Ton: Blended EBIDTA per ton for FY24 improved to Rs 867/- compared to Rs 811/- in FY23. Operating Ratio: The operating ratio for FY24 was 17%, slightly higher than the 15% recorded in FY23. Cost Dynamics: The cost of raw materials increased by 5% YoY, attributed to inflationary impacts on procurement costs. However, the power & fuel cost per ton of cement decreased to Rs 1,389/- in FY24 compared to Rs 1,771/- in FY23. Fuel Consumption: Blended fuel consumption per ton for cement decreased from USD 177 (Cost per Kcal: Rs 2.20) in FY23 to USD 149 (Cost per Kcal: Rs 1.75) in FY24. Green Power Usage: The company significantly improved its overall green power usage from 22% in FY23 to 34% in FY24, primarily due to changes in the utility of wind power to captive purposes. Interest and Depreciation: Interest cost for FY24 increased to Rs 416 crore from Rs 241 crore in FY23, while depreciation increased to Rs 636 crore from Rs 504 crore in FY23. These increases were primarily due to the commissioning of new units. Profit Before Tax: Profit before tax for FY24 amounted to Rs 544 crore, compared to Rs 474 crore in the corresponding period of the previous year. Debt: The net debt as on 31-03-2024 is Rs 4,822 crore including working capital borrowings and the net debt to EBIDTA is at 3.02 times. The average cost of debt for FY24 is at 7.70% as against 6.35% in FY23 due to increase in Repo rates. Result PDF23-05-2024
Ramco Cements' Q4 net down 20%, FY24 profit grows 15% at 395 crore
The board has recommended a dividend of 2.50 per share of 1 each for the year ended March 31, 202422-05-2024
The Ramco Cements Limited - 500260 - INTIMATION OF RECORD DATE 09-08-2024
RECORD DATE 09-08-202422-05-2024
The Ramco Cements Limited - 500260 - Corporate Action-Board approves Dividend
DIVIDEND OF RS.2.50 PER SHARE22-05-2024
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Dividend Updates
DIVIDEND OF RS.2.50 PER SHARE22-05-2024
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Investor Presentation
INVESTOR UPDATE22-05-2024
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Newspaper Publication
NEWS PAPER RESULTS pUBLICATION22-05-2024