The Ramco Cements has reported a growth of 27.34 per cent in its net consolidated profit during the quarter ended March 31, 2023. Its profit after tax stood at Rs 150.60 Crs in Q4 FY23 as against Rs 118.27 Crs it registered in the corresponding quarter of the previous fiscal.
The company’s net consolidated total income stood at Rs 2,583.57 Crs in Q4 FY23, a growth of 49.97 percent from Rs 1,722 Crs it registered in the similar quarter last year. The board of directors have recommended a dividend of Rs 2 per share of Rs 1 each for the year ended March 31, 2023.
As on March 31, 2023 the company’s net worth stood at Rs 6,686.06 Crs debt-equity ratio was at 0.65 total debt to total assets was 31% operating margin was 16% and net profit margin was 6%.
During Q4 FY23 the sale of cement and dry mortar products was 4.70 million ton compared to 3.23 mn ton in the Q4 FY22 with volume growth of 46%. During FY23 the sale of cement and dry mortar products is 15.02 mn tonnes, compared to 11.14 mn tons in the FY22 with a volume growth of 35%.
While the average net realisable price of cement was flat during the year, the elevated price of petcoke/coal have dented the margins. Further, the transportation cost by rail has increased by 15% due to reimposition of busy season surcharge and increase in diesel price by 3% during FY23 has pushed up the inbound and outbound logistics cost.
During the Q4 FY23 the blended fuel consumption per ton for cement and TPP is equivalent to $178 as against $162 during Q4 FY22. During the FY23 the blended fuel consumption per ton for cement and TPP is equivalent to $177 as against $125 during FY22 amid rupee depreciated by 8% during FY23. Since the coal and petcoke prices remained at elevated level during the calender year, the power and fuel cost per ton of cement for FY23 has increased to Rs 1,796 from Rs 1,257 in the FY22 and it has increased from Rs 1,462 in Q4 FY22 to Rs 1,661 in Q4 FY23.
