Quarterly Results: The Ramco Cements Ltd
Bhagyashree Vivarekar / 09 Nov 2016
Ramco Cements Ltd., is currently trading at Rs. 598.8, down by 17.3 points or 2.81% from its earlier closing of Rs. 616.1 on the BSE. The company's net profit has surged 45.8% yoy to Rs 207 cr majorly attributed to the impact of a 38.3% yoy drop in finance costs.
Technical View:
Ramco Cements Ltd., is currently trading at Rs. 598.8, down by 17.3 points or 2.81% from its earlier closing of Rs. 616.1 on the BSE.
The scrip has touched a high and low of Rs. 608.1 and Rs. 570 respectively, after opening at 584.6. Altogether 151202(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
The Ramco Cements’ Q2FY17 standalone numbers have beaten street estimates. Net revenue for the period has come in 25% greater than our estimate of Rs 938 cr. EBITDA has come in 19.2% greater than our estimate of Rs 299 cr. Net profit for the period has come in 44.8% greater than the estimated figure of Rs 143 cr.
The quarter's net revenue has surged 13.9% yoy to Rs 1,172 cr.
Ramco's reported EBITDA has surged 21% yoy to Rs 357 cr and EBITDA margins have improved 179 bps yoy to 30.5%. This was majorly owing to a 11.4% yoy drop in power & fuel expenses.
The company's net profit has surged 45.8% yoy to Rs 207 cr majorly attributed to the impact of a 38.3% yoy drop in finance costs.
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