Views on Ramco Cements 4QFY2014 results - Angel Broking

Views of Mr. V. Srinivasan (Research Analyst - Cements, Angel Broking) on Ramco Cements 4QFY2014 results:

"For 4QFY2014, Ramco Cements' (Ramco) results were below estimates. The company's top-line remained flat yoy at Rs. 924cr. Ramco's performance during the quarter was impacted by low demand and a sharp decline in prices in its key markets which are situated in South India. OPM fell by 779bp on a yoy basis and stood at a low 7.4% impacted by lower realization and increase in operating costs. The company's net profit for the quarter fell by 61% yoy to Rs. 25cr. We maintain a neutral rating on the stock."

Source : Equity Bulls

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