The Ramco Cements Ltd News

Tamil Nadu-based Ramco Cements ups grinding capacity by nearly one MTPA

Tamil Nadu-based Ramco Cements on Friday said it has increased its cement grinding capacity by nearly one million tonnes per annum (MTPA). The company has carried out debottlenecking of cement grinding capacity at its Kalavatala Plant in Andhra Pradesh, resulting in an increase of capacity from 1.5 MTPA to 2 MTPA. In addition, at its Valapady Grinding Unit, in Salem District, Tamil Nadu, it has carried out debottlenecking of cement grinding capacity leading to increase of capacity from 1.6 MTPA to 2 MTPA. "The company's total cement grinding capacity has increased by 0.9 MTPA, from 23.14 MTPA to 24.04 MTPA with an aggregate investment of Rs 58 crore," according to a regulatory filing by the company. It has received consent to operate from the competent authorities for the increase in capacities. Ramco Cements revenue for the financial year ended on March 31, 2024 was at Rs 9,349.83 crore. The company operates five integrated cement units and six grinding units.

Ramco Cements Q1FY25 results: Net profit down 51% to Rs 36.57 crore

The Ramco Cements Ltd on Thursday reported a 50.82 per cent decline in its consolidated net profit to Rs 36.57 crore in the June 2024 quarter due to a fall in cement prices and weak demand amid the Lok Sabha polls. The company posted a net profit of Rs 74.36 crore during the April-June quarter of the previous fiscal, The Ramco Cements said in a regulatory filing. Its revenue from operations fell 6.81 per cent to Rs 2,093.55 crore during the quarter under review against Rs 2,246.66 crore a year ago. The decline in net revenue for the Q1 FY25 is "due to drop in cement prices by around 8 per cent", a company's earning statement said. Moreover, the cost of raw materials "increased by 9 per cent YoY (Year-on-Year) from Rs 911 to Rs 990 per tonne for the current year due to inflationary impact on procurement cost", it added. Its total expenses in the June quarter were Rs 2,054.11 crore, down 4.3 per cent. "During Q1 FY25, the sale volume is 4.36 million tonnes, compared to 4.30 million

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

These 3 F&O stocks have seen up to 35% long buildup; trading guide here

In the last four days, one out of every 3 futures & options stocks has gained more than 10 per cent as the Nifty surged 6.3 per cent in the post Lok Sabha 2024 verdict cheer.

Ramco Cements Q4 results: Net profit falls over 20% to Rs 121 crore

Standalone net profit after tax fell over 20% year-on-year to Rs 121 crore ($14.5 million) during January-March, missing analysts' expectations of Rs 127 crore

Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?

Cement stocks investment strategy: Investors with a long-term horizon may strategically accumulate shares of fundamentally strong cement companies