Its consolidated core operating profit of Rs. 345.32 crore for the quarter, clocked growth of 25.82% yoy and 36.46% qoq. Operating profit margin for the current quarter at 34.01% expanded by 650 bps yoy and 319 bps qoq.
For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 558.47 crore, growing by 126.9% yoy. Its consolidated revenue for the period stood at Rs. 3,685.72 crore, registering decline of 1.25% yoy.
The Ramco Cements Ltd's core operating profit stood at Rs. 1,145.33 crore, recording growth of 43.75% yoy. Operating margin for the current period at 31.71% expanded by 1036 bps yoy.
On standalone basis,The Ramco Cements Ltd, reported standalone net profit of Rs. 204.32 crore for the quarter ended March 31, 2016, registering growth of 118.71% yoy and 73.55% qoq. The company’s revenue stood at Rs. 1,014.88 crore, up 1.78% yoy and 23.63% qoq.
Its standalone core operating profit of Rs. 345.39 crore for the quarter, clocked growth of 25.9% yoy and 36.17% qoq. Operating profit margin for the current quarter at 34.03% expanded by 652 bps yoy and 313 bps qoq.
For the year ended March 31, 2016, the company reported standalone net profit of Rs. 558.26 crore, growing by 130.35% yoy. Its standalone revenue for the period stood at Rs. 3,678.18 crore, registering decline of 1.22% yoy.
The Ramco Cements Ltd's core operating profit stood at Rs. 1,141.40 crore, recording growth of 44.12% yoy. Operating margin for the current period at 31.68% expanded by 1041 bps yoy.
Result Highlights: (Rs. in crore)
|Reported Results||IIFL Estimates||Variance (%)|
|Consolidated Net Profit||206.33||100.9||104.49|
Standalone EPS for the quarter stood at Rs. 9.
Bloomberg estimated the company’s standalone net profit at Rs. 137.58 crore.
The Ramco Cements Ltd ended at Rs. 492.45, up by 1.95 points or 0.4% from its previous closing of Rs. 490.5 on the BSE.
The scrip opened at Rs. 495.45 and touched a high and low of Rs. 508 and Rs. 474 respectively. A total of 1280111(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11724.09 crore.
The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 515.4 on 09-May-2016 and a 52 week low of Rs. 293.05 on 21-May-2015. Last one week high and low of the scrip stood at Rs. 510 and Rs. 474 respectively.
The promoters holding in the company stood at 42.3 % while Institutions and Non-Institutions held 38.21 % and 19.49 % respectively.
The stock traded below its 50 DMA.