News: Ramco Cement’s revenue grew 4.8% YoY to Rs. 1709.1 crore. While margins declined YoY, it improved sequentially by 237bps to 17.3%. Improved margins led to QoQ PAT growth of 50.3% to Rs.124.1 crore while it was down 42% on YoY basis
Views: Amid high inflationary environment, the company managed to improve their margins sequentially led by better than expected realisations. While cost continuing to remain at elevated levels, the cement dispatches remain healthy. Given the better than expected results, the stock price should react positively tracking better than expected results
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