Weekly Technical Recommendations by Religare Broking Ltd.
Total income up 11% to Rs 1,332 cr; exports grow by 39%
The company has so far incurred Rs 1,430 crore for the capacity expansion programme
The company achieved the highest ever quarterly EBITDA of Rs 367 crore during Q1FY20 compared to Rs 255.20 crore, a year ago
The Ramco Cements Ltd had reported a 9% drop in its net profit for the year ended March 31, 2019 to Rs 505.89 cr as compared to Rs 555.66 cr in the previous fiscal
Company lines up for Rs 34.30 billion in AP, Odhisha and West Bengal
Firm to increase capacity to 7.1 mtpa through satellite grinding plants
Company plans to invest Rs 1,095 cr in satellite grinding projects
Doorstep customer service is also at the core of Ramco's expansion strategy
The company had posted a net profit of Rs 182 crore in the January-March period a year-ago
The stock was up 5.5% to Rs 713 on the BSE after the company said the board will meet on Feb 7 to consider a proposal of buyback of equity shares.
The Competition Commission of India has imposed a penalty of Rs 258.63 crore against the company for alleged cartelisation
The company said it has reduced the borrowings by around Rs 312 crore out of internal accruals
During the fourth quarter, domestic sales was 20.43 lakh tonnes, compared with 18.18 lakh tonnes, while export sales dropped to 0.42 lakh tonnes from 0.62 lakh tonnes
Total income from operations increased 1.79% to Rs 1,015.39 crore, from Rs 997.52 crore in the year-ago period, Ramco Cements said in a regulatory filing