Views on Ramco Cements Ltd 4QFY2016 Results: Angel Broking

Views of Mr. Siddharth Purohit (Sr. Equity Research Analyst- Cement, Angel Broking) on Ramco Cements Ltd 4QFY2016 Results:

Good set of results by The Ramco Cements on the back of improved margins:

"The Ramco Cements reported a muted 1.8% YoY growth in revenues for the quarter to INR 1015 cr vs INR 997 cr. However on a QoQ basis the company reported 23.6% growth in revenues, partly backed by better pricing. EBITDA growth remained strong 25.9% YoY and 36.2% QoQ, backed by a sharp 650 bps YoY and 310 bps QoQ improvement in margins. Lower power & fuel cost helped the company in margins expansions. Higher margins together with lower tax rate during the quarter, helped in reporting more than double PAT at INR 204 cr for the quarter. We have a NEUTRAL rating on the stock."

Shares of The Ramco Cements Limited was last trading in BSE at Rs.495 as compared to the previous close of Rs. 487.45. The total number of shares traded during the day was 10019 in over 530 trades.

The stock hit an intraday high of Rs. 496.55 and intraday low of 487.1. The net turnover during the day was Rs. 4927745.

Source : Equity Bulls

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