The Ramco Cements Q3 Results Review - Below Estimates On Lower Volumes, Realisation: Motilal Oswal
Expects sales volume of ~19-20 million tonne in FY25 versus ~18 million tonne in FY24.12-02-2024
12-02-2024
The Ramco Cements Q3 FY24 Results Live: Profit Rises by 63.85% YoY
The Ramco Cements Q3 FY24 Results Live: Revenue increased by 4.94% YoY & profit increased by 63.85% YoY10-02-2024
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of Chorus Call to discuss the 3QFY24 Financial Performance Ref: Disclosure under Clause 15(b) of Para A, Part A of Schedule III, read with Regulation 30 of SEBI (LODR) Regulations, 2015. In continuation of our letter dated 6th February 2024, informing you about the Chorus Call to discuss the 3QFY24 Financial Performance, scheduled on 09.02.2024, organised by B & K Securities, kindly note that the Audio Recording of the same is made available at - https://ramcocements.in/cms/uploads/BAT_0220240209151460_c4dc013d36.mp309-02-2024
Q3FY24 Quarterly Result Announced for The Ramco Cements Ltd.
The Ramco Cements announced Q3FY24 results: Financial Performance - The Ramco Cements reported a net revenue of Rs 2,113 crore in Q3FY24, a 5% increase from Rs 2,018 crore in Q3FY23. - EBITDA surged by 37%, standing at Rs 402 crore in Q3FY24 compared to Rs 294 crore in Q3FY23. - Profit before tax rose to Rs 135 crore in Q3FY24, up from Rs 97 crore in Q3FY23. - Operating ratio improved to 19% in Q3FY24 compared to 15% in Q3FY23. Sales and Production - Cement sales volume reached 4 million tons in Q3FY24, marking a 10% growth over 3.64 million tons in Q3FY23. - Cement capacity utilization was recorded at 74% for Q3FY24. Cost Management - Raw materials cost saw a 3% year-over-year increase, from Rs 944 per ton to Rs 970 per ton. - Power & fuel cost per ton of cement for Q3FY24 decreased to Rs 1,386 from Rs 1,929 in Q3FY23. - Blended fuel consumption per ton for cement was equivalent to $138, down from $191 in Q3FY23. - Interest cost increased to Rs 102 crore in Q3FY24 from Rs 61 crore in Q3FY23. - Depreciation costs rose to Rs 166 crore in Q3FY24, an increase from Rs 136 crore in Q3FY23. Green Energy Initiatives - Proposal for establishing a Waste Heat Recovery System (WHRS) of 10 MW at the Ramasamy Raja Nagar plant by March 2025. - The company's wind energy capacity, along with its subsidiary, reached 166 MW installed capacity. - Green power usage improved significantly from 20% in Q3FY23 to 36% in Q3FY24. - The share of green power in total energy consumption is anticipated to reach 42% by end of FY25 and 48% by end of FY26. Capacity Enhancements - Clinger capacity increased by 0.65 MTPA at Kolimigundla and 0.35 MTPA at Ariyalur through pyro process optimisation. - De-bottlenecking of cement capacity aggregating to 1 MTPA is scheduled for FY25. - Plan to double the clinker capacity in Kolimigundla to 6.30 MTPA and double the cement capacity to 3 MTPA, to be commissioned in FY26. Capital Expenditure (CAPEX) - Ongoing capex including maintenance capex incurred Rs 385 crore in Q3FY24. - Capex guidance for Q4FY24 is around Rs 390 crore, and FY25 is estimated at Rs 1,700 crore. Debt and Borrowings - Net debt as of December 31, 2023, is Rs 4,993 crore, with a net debt to EBITDA ratio of 3.22 times. - The average cost of debt for 9MFY24 is at 7.82% compared to 6.16% in 9MFY23. Result PDF09-02-2024
Ramco Cements proposes 1403 cr capacity expansion in AP & TN units
December 2023 quarter net profit grows 39% to 93 cr08-02-2024
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Investor Presentation
INVESTOR PRESENTATION08-02-2024
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Newspaper Publication
NEWS PAPER PUBLICATION RESULTS08-02-2024
The Ramco Cements Limited - 500260 - Capacity Addition - Outcome Of Board Meeting
Capacity Addition at Kalavatala Plant08-02-2024
The Ramco Cements Limited - 500260 - Introduction Of Employee Stock Option Scheme
Introduction of Employee Stock Option Scheme08-02-2024