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Dolat Capital Report
The Ramco Cements Ltd.'s Ebitda/tonne in line, revenue, volume, Ebitda, adjusted profit after tax above estimates, however realisation below estimates.
The company posted up 44.3% YoY growth in revenue to Rs 17.7 billion led by up 54.6% YoY (up 3.7% QoQ) in volume to 3.31 million tonne, which was partially offset by - 6.1% YoY (down 0.6% QoQ) in realisation/tonne to Rs 5,285.
Ramco Cements commissioned 3 million tonnes per annum (1 mtpa at Vizag, Andhra Pradesh in March 2020 plus 1 mtpa at Kolaghat, West Bengal in September 2019 plus 1 mtpa at Haridaspur, Odisha in September 2020) grinding unit out of 4 mtpa. The balance 1 mtpa at Kurnool, AP (in Q2 FY23) along with 18 megawatt of thermal power plant, 12 MW of waste heat recovery system and railway siding to be operational in FY23. This will increase its capacity from 16.5 mtpa (FY19) to 20.4 mtpa (FY23).
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