Ramco Cement Q4 Review - Volume Growth To Accelerate: ICICI Securities

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 Securities Report.The Ramco Cements Ltd.’s Q4 FY21 Ebitda at Rs 4.5 billion (up 61% YoY) was broadly in-line with consensus estimates.Realisation remained flat QoQ, while costs/tonne increased 2% QoQ resulting in Ebitda/tonne declining 8% QoQ to Rs 1,399/tonne (still up 47% YoY).On a YoY basis, realisation was up 7%, while costs/tonne was down 3%.The company’s capacity addition of 1.5 million tonne clinker unit in Jayanthipuram and 2.25 million tonne clinker unit in Kurnool has been delayed by a quarter owing to Covid-19 resurgence and is now expected to be commissioned during Q1 FY22 and Q2 FY22, respectively.Hence, the company is expected to report strong volume growth over FY22-23E..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Ramco Cement Q4 Review - Volume Growth To Accelerate: ICICI Securities

Ramco Cement Q4 Review - Volume Growth To Accelerate: ICICI Securities

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