Ramco Cements announced Q3FY23 results: Q3FY23: The sale of cement is at 3.57 million tonnes, compared to 3.01 million tonnes in Q3 of PY, with a growth of 19%. The company continues to focus on the strategy of right products for right applications to make its brands stronger. During Q3 of CY, windfarms generated 2.01 crore units, as against 2.28 crore units in the Q3 of PY, with a decrease of 12%. Net revenue for the Q3 of CY is Rs 2,018 crore, as against Rs 1,556 crore during Q3 of PY, with growth of 30%. EBIDTA for Q3 of CY is Rs 294 crore, as against Rs 238 crore during Q3 of PY, with growth of 24%. EBIDTA per tonne for the Q3 of CY is Rs 823, as against Rs 790 during Q3 of PY. Operating ratio for Q3 of CY is 15%, as against the same level of Q3 of PY. In the Q3 of CY, the blended fuel consumption per tonne is equivalent to US$ 191 as against US$ 149 during the corresponding previous period, amid rupee depreciated by 10% during the period under review. Since the coal and pet coke prices peaked during the CY, the power & fuel cost per tonne of cement for Q3 of CY increased to Rs 1,966 from Rs 1,380 in the Q3 of PY. Interest cost for the Q3 of CY is Rs 61 crore, as against Rs 25 crore during the Q3 of PY. Depreciation for the Q3 of CY is Rs 136 crore, as against Rs 99 crore during the Q3 of PY. Profit before tax for Q3 of CY is Rs 97 crore, as against Rs 113 crore during the Q3 of PY with a de-growth of 14%. Tax expenses for Q3 of CY is Rs 30 crore, as against Rs 31 crore during Q3 of PY. Profit after tax for Q3 of CY is Rs 67 crore, as against Rs 83 crore during Q3 of PY. The company has incurred Rs 390 crore towards capex, including for the above-mentioned ongoing capacity expansion programme. The net debt for the company as on Q3FY23 is Rs 4,556 crore, out of which Rs 564 crore is short-term loan. The average cost of interest-bearing borrowings for the Q3 of CY is increased to 7.13% from 5.44% in the Q3 of PY. Result PDF
Ramco Cements announced Q2FY23 results: Q2FY23: During Q2 of CV, the sale of cement was 3.31 million tonnes, compared to 2.71 million tonnes in the Q2 of PY with a growth of 22%. During Q2 of CV, wind farms generated 10.74 crore units as against 12.13 crore units in the Q2 of PY, with a decrease of 11%. Net revenue for the Q2 of CV is Rs 1,793 crore as against Rs 1,501 crore during Q2 of PY with a growth of 19%. EBIDTA for Q2 of CV is Rs 193 crore as against Rs 402 crore during Q2 of PY with de-growth of 52%, mainly due to a sharp increase in fuel price and weak cement prices. Blended EBIDTA per ton for the Q2 of CV is Rs 582 as against Rs1,484 during Q2 of PY, which is one of the lowest in the last 8 years. The operating ratio for Q2 of CV is 11% as against 27% in Q2 of PY. During the Q2 of CV, the blended fuel consumption per tonne is equivalent to $199 as against $97 during the corresponding previous period. The power & fuel cost per tonne of cement for Q2 of CV has sharply increased to Rs 2,013 from Rs 1,057 in the Q2 of PY. The interest cost for the Q2 of CV is Rs 55 crore as against Rs 29 crore during the Q2 of PY. The effective average cost of borrowing for Q2 of CV is 6.16% as against 5.11% in the Q2 of PY Depreciation for the Q2 of CV is Rs 122 crore as against Rs 99 crore during the Q2 of PY. Profit before tax for Q2 of CV is Rs 16 crore as against Rs 274 crore during the Q2 of PY with a de-growth of 94%. Profit after tax for Q2 of CV is Rs 11 crore as against Rs 517 crore during Q2 of PY. The company propose to increase the grinding capacity of the Haridaspur plant, Odisha by 0.9 MTPA at a cost of only Rs 130 crore since other infrastructures are already in place, thereby doubling its capacity to 1.8 MTPA. Result PDF