Ramco Cements Q4 PAT declines 14% to ₹130 crore, revenue rises 4%

Ramco Cements on Wednesday announced a 14% year-on-year (YoY) decline in its net profit at ₹130 crore. Revenue grew by 4% YoY to ₹2,692 crore during the quarter.

The company recorded a 17% YoY growth in its total sales volume at 5.5 million tons (MnT). Shares of Ramco Cements were trading over 1% higher on Thursday.

The firm’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 2% YoY to ₹433 crore while EBITDA per ton came in at ₹785 per ton compared to ₹903 per ton in the corresponding period of last year.

For the financial year 2024, the company’s net profit grew 15% YoY to ₹393.53 crore while revenue saw a growth of 15% YoY to ₹9,415.27 crore. EBITDA rose 32% YoY at ₹1,603 crore while EBITDA per ton grew to ₹867 per ton compared to ₹811 per ton in the previous fiscal. The total sales volume in FY24 stood at 18.40 million tons compared to 15.02 million tons last year, reflecting a growth of 22%.

In FY24, the company saw a 22% YoY rise in cement sales to 180.89 lakh tons. Dry mortar sales during the year grew 51% YoY to 3.07 lakh tons. The company also said that it is in the process of constructing a Waste Heat Recovery System (WHRS) of 10 MW capacity at its Ramasamy Raja Nagar plant which will be commissioned by the fourth quarter of 2025. The company also plans to commission another WHRS along with Kurnool Line-2.

Ramco Cements has also proposed to double the clinker capacity in Kolimigundla to 6.3 MTPA and double the cement capacity to 3 MTPA with 15 MW of WHRS at an estimated project cost of ₹1,250 crore. The firm stated that this expansion is scheduled to be commissioned in FY26. The board of directors of Ramco Cements announced a dividend of ₹2.50 per share.

Shares of the company have declined by over 23% since the beginning of the year. The stock has lost over 12% in the last one year.