EBITDA in line; weak pricing an overhang

Company
23 May 2024
5 Min read 
  • The Ramco Cements (TRCL) 4QFY24 EBITDA in line with estimates
  •  Reduced capex guidance to INR12b in FY25
  •  Sales volume at 5.5mt grew 17% YoY
  •  EBITDA/t stood at INR760 vs. estimated INR794
  •  Management reduced its capex guidance by INR5b
  •  Cement volume expected to recover post-elections
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