Ramco Cement Q4FY22 PAT down -45.2% at Rs118.57 crore on spike in power and fuel costs

23 May 2022 , 08:01 PM

Ramco Cement Ltd reported 4.88% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,713.40 crore. On a sequential basis, revenues were up for the quarter by 10.36%.

Full year FY22 revenues were up 13.5% at Rs6,004 crore. For Q4FY22, the company witnessed growth in volumes although prices came under pressure. CCI has imposed Rs253 crore penalty for cartelization on Ramco Cements, which his disputed.

Net cash from operations fell -29% yoy for FY22 at Rs1,135 crore on sharp spike in inventory costs for the year. Long term debt to working capital spiked from 9.11% to 16.73%.

The consolidated net profit for Q4FY22 was down -45.15% at Rs118.57 crore. The net profits was higher by 56.8% on a sequential basis.

Operating margins for the quarter tapered from 28% to 18%.  Power and fuel costs were up 88.3% yoy at Rs467 crore. Net margins were 6.92% in Q4FY22 quarter compared to 13.23% in Q4FY21.

NPM was higher compared to 4.87% in Q3FY22. For the year FY22, the board has recommended dividend of Rs3 per share and this is subject to approval of the shareholders. Coverage ratios have sharply weakened.

Financial highlights for Mar-22 compared yoy and sequentially

	Ramco Cement
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,713.40	₹ 1,633.73	4.88%	₹ 1,552.50	10.36%
Net Profit (Rs cr)	₹ 118.57	₹ 216.16	-45.15%	₹ 75.62	56.80%
Diluted EPS (Rs)	₹ 6.00	₹ 9.00		₹ 3.00
Net Margins	6.92%	13.23%		4.87%