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.
Motilal Oswal Report
The Ramco Cements Ltd.'s Q2 FY21 results highlight the benefits of high cement prices in South India, which led to the highest ever cement Ebitda/tonne at Rs 1,895 (up 94% YoY).
Volumes, however, declined 19% YoY due to weak cement demand in South India.
We raise our FY21/FY22E earning per share by 26%/5%, factoring in a strong realization outlook on the back of a strong production discipline in South.
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