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The Ramco Cements Ltd consolidated Q3 net profit slips to Rs. 94.60 crore

Posted On: 2020-01-29 13:22:25

The Ramco Cements Limited has reported financial results for the period ended December 31, 2019.

Financial Results (Q3 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.1290 crores during the period ended December 31, 2019 as compared to Rs.1332.08 crores during the period ended September 30, 2019.

The company has posted net profit of Rs.94.60 crores for the period ended December 31, 2019 as against Rs.172.26 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.4.01 for the period ended December 31, 2019 as compared to Rs.7.31 for the period ended September 30, 2019.

FinancialsQ3 FY19-20Q2 FY19-20% Change
Total Income₹ 1290 crs₹ 1332.08 crsDown Tick -3.16%
Net Profit₹ 94.60 crs₹ 172.26 crsDown Tick -45.08%
EPS₹ 4.01₹ 7.31Down Tick -45.14%

Financial Results (Q3 FY19-20) - YoY Comparison

The company has reported net sales of Rs.1290 crores during the period ended December 31, 2019 as compared to Rs.1217.07 crores during the period ended December 31, 2018.

The company has posted net profit of Rs.94.60 crores for the period ended December 31, 2019 as against Rs.97.56 crores for the period ended December 31, 2018.

The company has reported EPS of Rs.4.01 for the period ended December 31, 2019 as compared to Rs.4.14 for the period ended December 31, 2018.

FinancialsQ3 FY19-20Q3 FY18-19% Change
Total Income₹ 1290 crs₹ 1217.07 crsUp Tick 5.99%
Net Profit₹ 94.60 crs₹ 97.56 crsDown Tick -3.03%
EPS₹ 4.01₹ 4.14Down Tick -3.14%

Financial Results (9 months ended FY 19-20) - YoY Comparison

The company has reported net sales of Rs.4018.90 crores during the 9 months period ended December 31, 2019 as compared to Rs.3641.53 crores during the 9 months period ended December 31, 2018.

The company has posted net profit of Rs.461.06 crores for the 9 months period ended December 31, 2019 as against Rs.345.81 crores for the 9 months period ended December 31, 2018.

The company has reported EPS of Rs.19.57 for the 9 months period ended December 31, 2019 as compared to Rs.14.68 for the 9 months period ended December 31, 2018.

Financials9 months FY19-209 months FY18-19% Change
Total Income₹ 4018.90 crs₹ 3641.53 crsUp Tick 10.36%
Net Profit₹ 461.06 crs₹ 345.81 crsUp Tick 33.33%
EPS₹ 19.57₹14.68Up Tick 33.31%

During the nine months period ended 31-12-2019, the sale of cement for the company was at 8.27 million tons, compared to 7.83 million tons of the previous corresponding period. Exports have increased by 21% during the current year under review.

During the current quarter, the company witnessed sluggish demand in its core markets coupled with pressure on prices due to active monsoon. Demand in eastern markets was more visible during the current quarter, but the prices particularly in west bengal were very poor and the trend in Jan-20 is positive with improvement in prices.

However the operating cost continue to remain under control in view of favourable prices of fuels viz., pet coke, diesel during the current quarter. The company has been constantly focussing on various cost reduction initiatives and improving productivity while maintaining highest quality standards. The company's marketing initiatives of right products for right applications have attiained desired momentum. The company is also taking continuous efforts to optimise the supply chain efficiency.

During the nine months period ended 31-12-2019, the company has generated 20.69 crore units as against 22.07 crore units of the previous corresponding period. The income for the nine months period ended 31-12-2019 from the wind power business is Rs.53.63 crores as against Rs.58.94 crores from corresponding period of previous year. The operating expenses for the nine months period ended 31-12-2019 is Rs.15.58 crores as against Rs.14.95 crores during the corresponding period of previous year.

EBIDTA for the nine months period ended 31-12-2019 is Rs.883.23 crores as against Rs.728.80 crores during the corresponding period of previous year. During the current year under review, the company has contributed to Chief Ministers' Relief Fund / Political Parties, amounting to Rs.19 crores as against Rs.4.20 crores in the corresponding previous period. During the nine months period ended 31-12-2019, the company has incurred Rs.1.29 crores towards employee separation scheme in Mathod plant.

The company's total borrowings as on 31-12-2019 is Rs.2,679 crores (including current maturities of Rs.341 crores), out of that Rs.1,382 crores is from banks, Rs.195 crores of debentures and Rs.305 crores of Soft/Interest free loans are long-term in nature. The average cost of interest bearing borrowing is at 7.54% p.a.

Shares of The Ramco Cements Limited was last trading in BSE at Rs.846.55 as compared to the previous close of Rs. 858.3. The total number of shares traded during the day was 5477 in over 442 trades.

The stock hit an intraday high of Rs. 869.6 and intraday low of 846.55. The net turnover during the day was Rs. 4691112.


Source: Equity Bulls

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