Cement & Cement products company The Ramco Cements announced Q1FY25 results: Sales volume in Q1FY25: 4.36 million tons, up 1% from Q1FY24 amid weak demand during general elections. Cement capacity utilization for Q1FY25: 77%. Net revenue for Q1FY25: Rs 2,097 crore, down 7% from Q1FY24 due to an 8% drop in cement prices. EBIDTA for Q1FY25: Rs 328 crore, a 6% decrease from Q1FY24. Blended EBIDTA per ton for Q1FY25: Rs 752, down from Rs 812 in Q1FY24. Operating ratio for both Q1FY25 and Q1FY24: 16%. Cost of raw materials increased by 9% YoY to Rs 990 per ton in Q1FY25 due to inflationary impact on procurement cost. Blended fuel consumption per ton for cement in Q1FY25: USD 137 (Cost per Kcal: Rs 1.49), down from USD 170 (Cost per Kcal: Rs 2.03) in Q1FY24. Power & fuel cost per ton of cement for Q1FY25: Rs 1,300, down from Rs 1,758 in Q1FY24, aided by the sale of wind power to captive use and increased green power usage to 33%. Current spot CIF prices of pet coke: USD 110. Interest cost for Q1FY25: Rs 113 crore, up from Rs 93 crore in Q1FY24. Depreciation for Q1FY25: Rs 167 crore, up from Rs 148 crore in Q1FY24, due to new manufacturing facilities commissioned the previous year. Profit before tax for Q1FY25: Rs 48 crore, down from Rs 108 crore in Q1FY24. Result PDF
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 PDF