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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 4.11 % in the past year, substantial increase in net sales/revenue by 26.88 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 12.84 %. Marginal increase in other income during this quarter, up by 198.03%.
- Profit over the Year and quarter: Challenges in sustaining profitability for The Ramco Cements Limited. Profit dropped by -14.63 % Year to Year, The Ramco Cements Limited’s profitability increased by 57.61 % in this quarter.
- EPS over the Year and quarter: EPS declined by -14.39 % Year to Year. EPS increased by 52.7 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2572.54 Cr | Rs. 2110.88 Cr | Rs. 2678.24 Cr | + 26.88 % | + 4.11 % |
Expenses | Rs. 2160.87 Cr | Rs. 1714.35 Cr | Rs. 2259.23 Cr | + 31.78 % | + 4.55 % |
Operating Profit | Rs. 411.67 Cr | Rs. 396.53 Cr | Rs. 419.01 Cr | + 5.67 % | + 1.78 % |
OPM % | 16 % | 18.79 % | 15.64 % | -3.15 % | -0.36 % |
Other Income | Rs. 10.75 Cr | Rs. 4.07 Cr | Rs. 12.13 Cr | + 198.03 % | + 12.84 % |
Interest | Rs. 77.15 Cr | Rs. 101.86 Cr | Rs. 103.76 Cr | + 1.87 % | + 34.49 % |
Depreciation | Rs. 140.93 Cr | Rs. 179.77 Cr | Rs. 154.08 Cr | -14.29 % | + 9.33 % |
Profit before tax | Rs. 204.34 Cr | Rs. 118.97 Cr | Rs. 173.3 Cr | + 45.67 % | -15.19 % |
Tax % | 26.26 % | 30.8 % | 25.6 % | -5.2 % | -0.66 % |
Net Profit | Rs. 150.6 Cr | Rs. 81.57 Cr | Rs. 128.56 Cr | + 57.61 % | -14.63 % |
EPS in Rs | Rs. 6.6 | Rs. 3.7 | Rs. 5.65 | + 52.7 % | -14.39 % |
Today, we’re looking at The Ramco Cements Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 4.11 %. However, it did see a marginal increase of 26.88 % from the previous quarter. Expenses ticked up slightly by 31.78 % quarter-on-quarter, aligning with the annual rise of 4.55 %. Operating profit, while up 1.78 % compared to last year, faced a quarter-on-quarter increase of 5.67 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.36 %, but a shrinkage of -3.15 % sequentially. Other income rose by 198.03 % compared to the last quarter, despite an annual growth of 12.84 %. Interest expenses surged remarkably by 1.87 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.49 %. Depreciation costs fell by -14.29 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.33 %. Profit before tax declined annually by -15.19 % but saw an increase from the preceding quarter by 45.67 %.
Tax expenses as a percentage of profits decreased slightly by -0.66 % compared to last year, with a more notable quarter-on-quarter decrease of -5.2 %. Net profit fell by -14.63 % year-on-year but experienced a 57.61 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -14.39 % but a quarterly rise of 52.7 %. In summary, The Ramco Cements Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2572.54 Cr | Rs. 2110.88 Cr | Rs. 2678.24 Cr | + 26.88 % | + 4.11 % |
Expenses | Rs. 2160.87 Cr | Rs. 1714.35 Cr | Rs. 2259.23 Cr | + 31.78 % | + 4.55 % |
Operating Profit | Rs. 411.67 Cr | Rs. 396.53 Cr | Rs. 419.01 Cr | + 5.67 % | + 1.78 % |
Net Profit | Rs. 150.6 Cr | Rs. 81.57 Cr | Rs. 128.56 Cr | + 57.61 % | -14.63 % |
EPS in Rs | Rs. 6.6 | Rs. 3.7 | Rs. 5.65 | + 52.7 % | -14.39 % |
In reviewing The Ramco Cements Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.11 % year-on-year growth, however, there was a minor increase of 26.88 % from the previous quarter. Expenses rose by 4.55 % compared to the previous year, with a 31.78 % increase quarter-on-quarter. Operating Profit surged by 1.78 % annually, and saw a 5.67 % increase from the last quarter.
Net Profit showed yearly decrease of -14.63 %, and experienced a 57.61 % increase from the previous quarter. Earnings Per Share (EPS) fell by -14.39 % annually, however rose by 52.7 % compared to the last quarter. In essence, while The Ramco Cements Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.