Views on Ramco Cements 3QFY2014 results - Angel Broking

Views of Mr. V. Srinivasan (Research Analyst - Cement, Angel Broking) on Ramco Cements 3QFY2014 results:

"For 3QFY2014, Ramco Cements (Ramco) results were in-line with estimates. The company's top-line remained flat yoy at Rs. 868cr. Ramco's key markets, in South India continue to be impacted by low demand and poor pricing scenario. OPM fell by 782bp on a yoy basis to 15.4% on account of lower realization and higher costs. Ramco's operating costs per tonne rose during the quarter due to higher freight costs and other expenses. The company's net profit for the quarter fell by 69% yoy to Rs. 26cr. We maintain a neutral rating on the stock."

Source : Equity Bulls

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