The Ramco Cements has receives reaffirmation/ assignment in credit ratings from ICRA as under:Long term bank facilities (Rs 5513 crore) - ICRA AA+; Stable (reaffirmed)Long term bank facilities (Rs 1748 crore) - ICRA AA+; Stable (assigned)Non convertible debentures (Rs 1195 crore) - ICRA AA+; Stable (reaffirmed)Commercial paper / short term debt (Rs 900 crore)- ICRA A1+ (reaffirmed) Powered by Capital Market - Live News

Net profit of The Ramco Cements rose 2238.31% to Rs 72.02 crore in the quarter ended September 2023 as against Rs 3.08 crore during the previous quarter ended September 2022. Sales rose 33.48% to Rs 2340.57 crore in the quarter ended September 2023 as against Rs 1753.46 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales2340.571753.46 33 OPM %17.3310.71 - PBDT300.58139.54 115 PBT137.8317.55 685 NP72.023.08 2238 Powered by Capital Market - Live News

The Ramco Cements will hold a meeting of the Board of Directors of the Company on 9 November 2023.Powered by Capital Market - Live News

The Ramco Cements has commissioned the balance capacity of 3 MW of Waste Heat Recovery System out of 12 MW capacity. With this, total operating capacity of Waste Heat Recovery System for the Company has gone up to 43 MW.The Company`s wind power capacity, including its subsidiary`s capacity of 40 MW, stands at 166 MW.The company further added, `We have earlier informed of the change in utility of wind power from `Sale to Board` to `Captive Usage` for 133 MW, out of 166 MW. Further, our application for conversion of further capacity of 33 MW from `Sale to Board` to `Captive Purpose` is pending with State Electricity Board. The appeal filed by the State Electricity Board before the Honourable Supreme Court of India against the favourable order given by the Honourable Madras High court in favour of the Industries, with regard to Wheeling and Banking of Power from wind mills has been dismissed. Hence, the Company is eligible to get this capacity transferred to captive use. With the average PLF of 25%, the generation of wind power for captive use is expected to be 42 MW.`Powered by Capital Market - Live News

Net profit of The Ramco Cements declined 31.75% to Rs 74.41 crore in the quarter ended June 2023 as against Rs 109.02 crore during the previous quarter ended June 2022. Sales rose 26.26% to Rs 2246.66 crore in the quarter ended June 2023 as against Rs 1779.41 crore during the previous quarter ended June 2022. ParticularsQuarter Ended�Jun. 2023Jun. 2022% Var. Sales2246.661779.41 26 OPM %15.2917.03 - PBDT257.36261.86 -2 PBT107.65155.05 -31 NP74.41109.02 -32 Powered by Capital Market - Live News