The Ramco Cements announced Q2FY24 results: Sales volume: 4.61 million tons, a 38% YoY increase. Cement capacity utilization: 82%. Net Revenue: Rs 2,343 crore, a 31% YoY growth. EBIDTA: Rs 412 crore, a significant 114% YoY increase. Blended EBIDTA per ton: Rs 894 in Q2FY24, up from Rs 575 in Q2FY23. Operating ratio improvement: 11% in Q2FY23 to 18% in Q2FY24. Cost challenges: 7% YoY increase in raw material costs, reaching Rs 897 per ton. Green power usage increased from 22% in Q2FY23 to 38% in Q2FY24. Targeting 40% green power share in FY24 and 45% in FY25. Interest cost: Rs 117 crore, up from Rs 55 crore in Q2FY23. Depreciation: Rs 157 crore, up from Rs 122 crore in Q2FY23. Profit before tax for Q2FY24: Rs 138 crore, a significant improvement. Net debt as of September 30, 2023: Rs 4,966 crore. Average cost of borrowings increased to 7.80% in Q2FY24. Total capex incurred in Q2FY24: Rs 941 crore, including land purchase. Result PDF