Ramco Industries reported fall of 4.39% in top line sales for the Sep-20 quarter at Rs1265.86cr. While the sales did dip sharply in the Jun-20 quarter due to social distancing, the bounce in the Sep-20 quarter has taken sales above 90% of pre-COVID levels.
The operating profits for the quarter ended Sep-20 was 62% higher on a yoy basis at Rs361.53cr. The net profits for the Sep-20 quarter were higher by 40.46% at Rs238.92cr on the back of sharply lower raw material and fuel costs in the Sep-20 quarter
This had an overall impact on the margins of Ramco Cements. For the Sep-20 quarter, the operating profit margins or OPM was up by sharply at 28.56%. Similarly, the net profit margins or NPM also expanded by 600 bps at 18.87% due to lower costs.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
Ramco Cements |
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
1,265.86 |
1,324.01 |
-4.39% |
1,047.52 |
20.84% |
|
Operating Profit |
361.53 |
223.17 |
62.00% |
178.16 |
102.92% |
|
Net Profits |
238.92 |
170.10 |
40.46% |
110.92 |
115.40% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
11.00 |
7.00 |
|
5.00 |
|
|
OPM |
28.56% |
16.86% |
|
17.01% |
|
|
Net Margins |
18.87% |
12.85% |
|
10.59% |
|
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