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
The Ramco Cements announced Q1FY23 results: During Q1 of CY, the sale of cement is 3.31 million tons, compared to 2.14 million tons in the Q1 of PY with a growth of 55% Net revenue for the Q1 of CY is Rs.1,779 crores as against Rs.1,235 crores during Q1 of PY with a growth of 44%. EBIDTA for Q1 of CY is Rs.308 crores as against Rs.370 crores during Q1 of PY with de-growth of 17% Blended EBIDTA per ton for the Q1 of CY is Rs.929/- as against Rs.1,728/- during Q1 of PY. Operating ratio for Q1 of CY is 17% as against 30% in Q1 of PY. Result PDF