Ramco Cements clocks revenue of Rs6,011 crore in FY22; stock skids ~3%

24 May 2022 , 03:45 PM

Ramco Cements Limited has announced results for the quarter and fiscal year ended March 31, 2022. Company’s Net revenue for the FY22 stood at Rs6,011 crore as against Rs5,303 crore during PY with a growth of 13%.

EBIDTA for FY22 is Rs1,314 crore as against Rs1,583 crore during PY with a de-growth of 17%, mainly due to a sharp increase in fuel price and weak cement prices.

The industry could not pass on the full cost increase arising out of a sharp fuel price hike, to its customers. Blended EBIDTA per ton for the FY22 is Rs1,190 as against Rs1,586 during PY.

The operating ratio was reported at 22% for FY22 against 30% in PY.

During FY 2021-22, the company’s sale of cement was reported at 11.05 million tons, as compared to 9.98 million tons in the PY with a growth of 11%.

The company continues to focus on the strategy of the right products for the right applications to make its brand stronger. During FY22, the windfarms have generated 23.25 crore units as against 21.41 crore units in the PY, with an increase of 9%.

The Ramco Cements ended at Rs658.10 down by Rs21.2 or 3.12% from its previous closing of Rs679.30 on the BSE. The scrip touched intraday high and low of Rs679.20 and Rs652 respectively.