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
Ramco Cements Ltd.'s Q4 FY21 numbers were in line with our estimates at the operational level.
Sales volume increased 9.5% YoY to 3.21 million tonne, up 23% QoQ due to healthy demand in the east region and pick-up in infra demand from south region.
Realisations also improved 6.8% YoY. However, it was down 1.3% QoQ due to a rise in non-trade mix.
This led to revenue growth of 17% YoY, 21.3% QoQ to Rs 1,631 crore (versus our estimate: Rs 1,625 crore).
Capacity utilisation for the quarter was at 69% versus 56% while clinker utilisation was at 92% versus 93% last year.
Click on the attachment to read the full report:
DISCLAIMER
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
