Ramco Cements aims for Rs 16,000 crore revenue in the next five years and launches the "Hard Worker" brand in construction chemicals, with a target to generate Rs 2,000 crore revenue in the segment.
Ramco Cements share price dropped after the company posted a weak set of results in the March quarter of financial year 2025 (Q4FY25).
Profit before exceptional items and tax for the company's cement business fell to Rs 4.35 crore ($496,774) during the October-to-December period from Rs 135 crore a year earlier
After a muted H1FY25, analysts expect that operational performance would improve in H2FY25 led by demand pick-up in south/east region & improvement in prices and continuous operational efficiencies.
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.
Heavy rainfall in Tamil Nadu state due to cyclone Michaung and Telangana state polls hindered demand in southern India, from where it derived 75% of its sales volumes in the last quarter
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Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.
Ambuja Cements and India Cements charts indicate breakout of 'Inverse Head and Shoulder' pattern, thus a bullish trend ahead.
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the given range
UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively
The favorable indication from the pharma index is added positive for Biocon's stock
Following around 10 per cent YoY growth in volumes in Q3FY21, Motilal Oswal Securities expects the sector's volumes to grow around 20 per cent YoY in Q4FY21
Revenue dropped 24 per cent to Rs 1,056.79 crore, EBITDA down 27%
The Nifty is likely to bounce till 12,300 levels in the short-term after which it is again likely to correct
However, its margins were under constant stress due to pressure on cement prices for most part of the year, and spiralling fuel prices
Company says there has been improvement in off-take of cement by about 15% during the quarter