The Ramco Cements : Stagnant performance in Q1FY18
DSIJ Intelligence / 03 Aug 2017
The Ramco Cements Ltd. reported its results for the quarter ended June 30, 2017 today.
The Ramco Cements Ltd. reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 1188.8 crore. This represents a 0.1 per cent sequential decline and 8.78 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 218.47 crore and the EBIT margin stood at 18.38 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 155.81 crore which represents a sequential QoQ increase of 15.87 per cent and a YoY decline of 0.08 per cent.
Moreover, company looks to expand its presence in Andhra Pradesh, Odisha, and West Bengal by expanding its capacity at Vizag and Kolaghat from 0.9 MPTA to 2 MTPA each and plans to start a new plant at Odisha with capacity of 0.9 MTPA. After this expansion, its overall capacity would increase from 4 MTPA to 7.1 MTPA.
The company's stock which opened for trading at Rs. 701.3 on the BSE, has fallen by 2 per cent after the results were declared and is currently trading around Rs. 686.
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