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Ramco Cements Q3 Review— Weak Realisation Drags Earnings; Motilal Oswal Retains 'Neutral', Lowers Target Price
Higher competition and pricing pressure in its key markets, leveraged balance sheets, and low return ratios will keep the stock price range-bound, says Motilal Oswal
07 Feb 2025, 08:46 AM IST 
Ramco Cements' revenue /Ebitda /adjusted PAT stood at Rs 19.8 billion/Rs 2.8 billion/Rs 32 milion (down 6%/ 29%/97% YoY and down 2%/14%/90% versus our estimates) in Q3 FY25.
(Photo source: Freepik)
Ramco Cement’s net debt declined by Rs 4.9 billion QoQ to Rs 46.2 billion as of Dec-24, aided by proceeds from the disposal of non-core assets (monetized Rs 4.4 billion in 9M versus its target of Rs 10.0 billion by June-25)
