On consolidated basis
Quarter ended March 2022 compared
with Quarter ended March 2021.
Net sales (including other operating income) of The Ramco Cements has increased
4.88% to Rs 1713.4 crore.
Operating profit margin has declined
from 27.48% to 17.21%, leading to 34.32% decline in operating profit to Rs
294.90 crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 14.23% to 12.11%. Employee cost
decreased from 6.07% to 5.80%. Other expenses rose from 52.19% to
64.87%. Selling and administration expenses fell from 21.12% to
20.44%. Power and Oil fuel cost rose from 15.17% to 27.25%.
Freight charges fell from 4.08% to 3.61%.
Other income rose 18.97% to Rs 9.28
crore. PBIDT fell 33.41% to Rs 304.18 crore. Provision
for interest rose 120.16% to Rs 33.42 crore. Loan funds rose to Rs
3,949.67 crore as of 31 March 2022 from Rs 3,109.78 crore as of 31 March
2021. Inventories rose to Rs 834.47 crore as of 31 March 2022 from
Rs 599.34 crore as of 31 March 2021. Sundry debtors were lower at Rs
350.71 crore as of 31 March 2022 compared to Rs 375.92 crore as of 31 March
2021. Cash and bank balance rose to Rs 178.48 crore as of 31 March
2022 from Rs 143.83 crore as of 31 March 2021. Investments declined
from Rs 306.97 crore as of 31 March 2021 to Rs 297.09 crore as of 31 March
2022.
PBDT fell 38.69% to Rs 270.76
crore. Provision for depreciation rose 12.22% to Rs 107.85
crore. Fixed assets increased to Rs 10,697.98 crore as of 31 March
2022 from Rs 9,246.55 crore as of 31 March 2021. Intangible assets
increased from Rs 86.98 crore to Rs 108.81 crore.
Profit before tax down 52.85% to Rs
162.91 crore. Provision for tax was expense of Rs 39.66 crore,
compared to Rs 133.21 crore. Effective tax rate was 25.11% compared
to 38.15%.
Minority interest decreased 25% to
Rs -0.30 crore. Net profit attributable to owners of the company
decreased 45.15% to Rs 118.57 crore.
Equity capital increased from Rs
23.59 crore as of 31 March 2021 to Rs 23.63 crore as of 31 March
2022. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 42.33% as of 31
March 2022 ,compared to 42.54% as of 31 March 2021 . Promoters
pledged stake was 20.63% as of 31 March 2022 ,compared to 13.01% as of 31 March
2021 .
Full year results analysis.
Net sales (including other operating income) of The Ramco Cements has increased
13.47% to Rs 6003.69 crore.
Operating profit margin has declined
from 29.43% to 21.49%, leading to 17.16% decline in operating profit to Rs
1,290.07 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 12.53% to 12.01%. Employee cost
decreased from 7.98% to 7.24%. Other expenses rose from 49.79% to
59.28%. Selling and administration expenses rose from 19.56% to
20.20%. Power and Oil fuel cost rose from 15.15% to 23.11%.
Freight charges fell from 3.09% to 2.91%.
Other income fell 7.80% to Rs 28
crore. PBIDT fell 16.98% to Rs 1318.07 crore. Provision
for interest rose 28.28% to Rs 112.4 crore. Loan funds rose to Rs
3,949.67 crore as of 31 March 2022 from Rs 3,109.78 crore as of 31 March
2021. Inventories rose to Rs 834.47 crore as of 31 March 2022 from
Rs 599.34 crore as of 31 March 2021. Sundry debtors were lower at Rs
350.71 crore as of 31 March 2022 compared to Rs 375.92 crore as of 31 March
2021. Cash and bank balance rose to Rs 178.48 crore as of 31 March
2022 from Rs 143.83 crore as of 31 March 2021. Investments declined
from Rs 306.97 crore as of 31 March 2021 to Rs 297.09 crore as of 31 March 2022.
PBDT fell 19.63% to Rs 1205.67
crore. Provision for depreciation rose 12.81% to Rs 402.23
crore. Fixed assets increased to Rs 10,697.98 crore as of 31 March
2022 from Rs 9,246.55 crore as of 31 March 2021. Intangible assets
increased from Rs 86.98 crore to Rs 108.81 crore.
Profit before tax down 29.74% to Rs
803.44 crore. Provision for tax was credit of Rs 89.41 crore,
compared to debit of Rs 379.92 crore. Effective tax rate was
negative 11.28% compared to 32.63%.
Minority interest decreased 31.88%
to Rs 0.47 crore. Net profit attributable to owners of the company
increased 12.49% to Rs 881.48 crore.
Equity capital increased from Rs
23.59 crore as of 31 March 2021 to Rs 23.63 crore as of 31 March
2022. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 42.33% as of 31
March 2022 ,compared to 42.54% as of 31 March 2021 . Promoters
pledged stake was 20.63% as of 31 March 2022 ,compared to 13.01% as of 31 March
2021 .
Cash flow from operating activities
decreased to Rs 1,134.89 crore for year ended March 2022 from Rs 1,892.36 crore
for year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 1,816.58 crore, compared to Rs
1,767.01 crore during the year ended March 2021.
Others:
Dividend:
The Board of Directors have recommended a dividend of Rs 3/- per equity share
of Rs 1/- each.
Expansion:
Trial run of clinkering unit of 2.25 MTPA in Kurnool is going on with this the
clinkering capacity has been increased to 13.65 MTPA. The cement grinding
facility, 6 MW of WHRS in Kurnool will be commissioned in Jun/Jul-2022 post
which the installed capacity of cement will go up to 20 MTPA. Balance 6.15 MW
of WHRS and 18 MW of TPP will be commissioned in Mar, 2023. The modernization
of RR Nagar plant along with lime stone beneficiation plant will be
commissioned in Mar, 2023.
The company also proposes to expand
the capacity of its dry mix products in Tamil Nadu, Orissa and Andhra Pradesh
to produce high value products. Two units in tamil Nadu will be commissioned in
FY2023 and the remaining two units in AP and Orissa will be commissioned in
FY2024.
CAPEX: During
the period FY2022 , the company has incurred Rs 1816 cr towards CAPEX.
| The Ramco Cements : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,713.40 | 1,633.73 | 4.88 | 6,003.69 | 5,291.00 | 13.47 | | OPM (%) | 17.21 | 27.48 | -1,027 bps | 21.49 | 29.43 | -795 bps | | OP | 294.90 | 448.97 | -34.32 | 1,290.07 | 1,557.31 | -17.16 | | Other Inc. | 9.28 | 7.80 | 18.97 | 28.00 | 30.37 | -7.80 | | PBIDT | 304.18 | 456.77 | -33.41 | 1,318.07 | 1,587.68 | -16.98 | | Interest | 33.42 | 15.18 | 120.16 | 112.40 | 87.62 | 28.28 | | PBDT | 270.76 | 441.59 | -38.69 | 1,205.67 | 1,500.06 | -19.63 | | Depreciation | 107.85 | 96.11 | 12.22 | 402.23 | 356.56 | 12.81 | | PBT | 162.91 | 345.48 | -52.85 | 803.44 | 1143.5 | -29.74 | | Share of Profit/(Loss) from Associates | -4.98 | 3.65 | PL | -10.9 | 20.75 | PL | | PBT before EO | 157.93 | 349.13 | -54.76 | 792.54 | 1164.25 | -31.93 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 157.93 | 349.13 | -54.76 | 792.54 | 1164.25 | -31.93 | | Taxation | 39.66 | 133.21 | -70.23 | -89.41 | 379.92 | LP | | PAT | 118.27 | 215.92 | -45.23 | 881.95 | 784.33 | 12.45 | | Minority Interest (MI) | -0.3 | -0.24 | -25.00 | 0.47 | 0.69 | -31.88 | | Net profit | 118.57 | 216.16 | -45.15 | 881.48 | 783.64 | 12.49 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 118.57 | 216.16 | -45.15 | 881.48 | 783.64 | 12.49 | | EPS (Rs)* | 5.02 | 9.15 | -45.15 | 33.52 | 33.16 | 1.08 | | | * EPS is on current equity of Rs 23.63 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|