Views on Ramco Cement 4QFY2015 Results - Angel Broking

Views of Mr. Shrenik Gujrathi (Sr. Research Analyst - Cement, Angel Broking) on Ramco Cement 4QFY2014 Results:

"In 4QFY2015, Ramco Cement revenue improved by 1.2% yoy to INR 997.1cr led by higher realization growth. EBIDTA improved by 112.8% yoy to 274.3cr on account of higher realization and lower power & fuel, freight and other expenses. Power & fuel, freight and other expenses reduced by 27.5%/14.1%/17.2% yoy basis. Thus leading to EBITDA margin improved by 1440bp yoy to 27.5%. The bottom-line reported a profit of INR 93.4cr versus INR 25cr during same quarter last year. We maintain ACCUMULATE rating on the stock with target price of INR 350."

Shares of The Ramco Cements Limited was last trading in BSE at Rs.327.9 as compared to the previous close of Rs. 324.4. The total number of shares traded during the day was 11485 in over 319 trades.

The stock hit an intraday high of Rs. 328 and intraday low of 320. The net turnover during the day was Rs. 3731533.

Source : Equity Bulls

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