Ramco Cements Q2 net profit tumbles ~75% y-o-y

12 Nov 2024 , 01:27 PM

Ramco Cements Ltd announced a 74.7% year-on-year (YoY) decline in net profit to ₹25.6 Crore for the second quarter ended September 30, 2024.

In the preceding fiscal quarter, Ramco Cements logged a net profit of ₹101.3 Crore, according to a regulatory filing.

The company’s revenue from operations declined 12.5% to ₹2,038.2 Crore, compared to ₹2,329.3 Crore the previous year.

EBITDA declined by 21.7% to ₹312.2 Crore in the second quarter of this fiscal year, from ₹398.6 Crore in Q2 of FY24. The EBITDA margin was 15.3% in the reporting quarter, compared to 17.1% in the same time last fiscal year.

Ramco Cements announced an increase in cement grinding capacity in September of this year as a result of debottlenecking activities at two of its plants. The company added that the capacity of the Kalavatala facility in Nandyal, Andhra Pradesh, was improved from 1.5 million tonnes per annum (MTPA) to 2 MTPA, while the Valapady grinding unit in Salem, Tamil Nadu, was increased from 1.6 MTPA to 2 MTPA.

The company has de-bottlenecked cement grinding capacity at our Kalavatala Plant, Kolimigundla Mandal, Nandyal District, Andhra Pradesh, increasing capacity from 1.5 MTPA to 2 MTPA, according to a stock exchange filing.

For feedback and suggestions, write to us at [e-mail]