Ramco Cement - New Capacities To Fuel Growth From FY22: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
The Ramco Cements Ltd.’s operating performance was impacted marginally in Q3 FY21 due to weak cement prices in the south and east regions.
Average realisations declined 10% QoQ though they remained healthy YoY (up 14%).
Further, extended monsoon in the south also impacted sales volume that declined 8.2% YoY to 2.61 metric tonne (versus our estimate: 2.61 metric tonne).
Cement capacity utilisation was at 56% versus 61% last year while clinker utilisation was at 90%.
The company has already commissioned nine-megawatt waste heat recovery system in Jayanthipuram. Another 18 megawatts would get commissioned by Q4 FY21.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.