The Ramco Cements Ltd. News and Updates

Name: Latest research reports of The Ramco Cements Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: The Ramco Cements Ltd.
Rating: 4
Author: KRChoksey

Keep track of all breaking news on The Ramco Cements Ltd. from all sources in a single place.

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The Ramco Cements Ltd.

30 Jul 2024

981.15

-1.78%

Weak cement prices drag revenue

Accumulate: The Ramco Cements Ltd.

Target

KRChoksey

The Ramco Cements missed our estimates across the board.
The Company reported revenues of INR 20,936 Mn, down 6.8% YoY (-21.8%) driven by weaker cement prices in the South.

The Ramco Cements Ltd. is trading above all available SMAs

The Ramco Cements Ltd.

26 Jul 2024

981.15

-1.78%

Ramco Cements Q1 Results Review - Optimism Continues For H2; Maintain Buy: Systematix

NDTV Profit

While demand is expected to pick up in a meaningful way in H2, the brokerage remains watchful of the company's volume, price performance in the face of increased competitive intensity.

The Ramco Cements Ltd. has an average target of 959.29 from 7 brokers.

The Ramco Cements Ltd.

26 Jul 2024

981.15

-1.78%

New capex in sight amidst sector concerns

Hold: The Ramco Cements Ltd.

Target

ICICI Securities Limited

The Ramco Cements’ (TRCL) cost performance in Q1FY25 was impressive with variable cost/t plunging >4% QoQ and total cost/t being 2% below our expectation.

The Ramco Cements Ltd. has gained 25.60% in the last 1 Year

The Ramco Cements Ltd.

26 Jul 2024

981.15

-1.78%

Operational profitability compensates for low volumes

Buy: The Ramco Cements Ltd.

Target

Sharekhan

Ramco reported marginally lower than estimated standalone revenues at Rs. 2088.4 crore (down
6.8% y-o-y) for Q1FY2025 led by lower-than-expected volumes.

Motilal Oswal increased Neutral price target of The Ramco Cements Ltd. to 1030.0 on 05 May, 2025.

The Ramco Cements Ltd.

26 Jul 2024

981.15

-1.78%

The Ramco Cements (SELL): Challenges resurface; downgrade to SELL

Sell: The Ramco Cements Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Q1 revenue showed degrowth of 7% due to weak volume growth amid extreme weather and elections; pricing pressures affected realisations

The Ramco Cements Ltd. is trading above all available SMAs

The Ramco Cements Ltd.

25 Jul 2024

981.15

-1.78%

Ramco Cements Q1FY25 results: Net profit down 51% to Rs 36.57 crore

Business Standard

The Ramco Cements Ltd on Thursday reported a 50.82 per cent decline in its consolidated net profit to Rs 36.57 crore in the June 2024 quarter due to a fall in cement prices and weak demand amid the Lok Sabha polls. The company posted a net profit of Rs 74.36 crore during the April-June quarter of the previous fiscal, The Ramco Cements said in a regulatory filing. Its revenue from operations fell 6.81 per cent to Rs 2,093.55 crore during the quarter under review against Rs 2,246.66 crore a year ago. The decline in net revenue for the Q1 FY25 is "due to drop in cement prices by around 8 per cent", a company's earning statement said. Moreover, the cost of raw materials "increased by 9 per cent YoY (Year-on-Year) from Rs 911 to Rs 990 per tonne for the current year due to inflationary impact on procurement cost", it added. Its total expenses in the June quarter were Rs 2,054.11 crore, down 4.3 per cent. "During Q1 FY25, the sale volume is 4.36 million tonnes, compared to 4.30 million

Promoters pledged 0.10% of shares in last quarter. Total pledge stands at 22.05% of promoter holdings

The Ramco Cements Ltd.

25 Jul 2024

981.15

-1.78%

to see Rapid results content

The Ramco Cements Ltd.

25 Jul 2024

981.15

-1.78%

Earnings in line; leverage high

Neutral: The Ramco Cements Ltd.

Target

Motilal Oswal

TRCL’s 1QFY25 EBITDA was in line with our estimate as lower-than estimated opex/t offset lower-than-estimated volume. EBITDA came in at INR3.2b (est. INR3.1b).

The Ramco Cements Ltd. is trading above all available SMAs

The Ramco Cements Ltd.

31 May 2024

981.15

-1.78%

Cement prices continue to be a concern; margins likely to improve

Accumulate: The Ramco Cements Ltd.

Target

KRChoksey

The Ramco Cements reported mixed results with top-line and profit exceeding expectations with EBITDA in line with our estimates.
The Company reported revenue of INR 26,782 Mn (+4.1% YoY) due to strong volume growth, beating our estimates.