The Indian material manufacturing industry is a vital sector driving the country’s infrastructure and construction growth. Key segments include cement, drywall and ceiling products, and roofing materials, each playing a crucial role in building modern structures. The cement industry is one of the largest in India, serving as the backbone of construction activities.
Drywall and ceiling products, including gypsum boards and acoustic panels, are increasingly popular due to their cost-effectiveness and ease of installation. Roofing products, such as metal sheets, tiles, and waterproofing solutions, cater to both residential and commercial needs, offering durability and energy efficiency. With rapid urbanization and infrastructure development, these sectors are poised for significant growth.
Q2 Results
Ramco Industries reported a significant turnaround in its financial performance for the September quarter. The company posted a consolidated net profit of Rs 16.88 crore, marking a sharp recovery from a loss of Rs 4.15 crore in the same quarter last year, reflecting a substantial jump of 506%.
Revenue from operations also saw a notable increase, rising by 11.5% to Rs 349.13 crore, compared to Rs 313.16 crore in the previous year. The EBITDA margins of the company jumped from 9% to 12% in the current quarter as compared to the same quarter last financial year.
This growth in both net profit and revenue highlights the company’s improved financial health and strong operational performance during the quarter.
Also read…
Share Price
The share price of Ramco Industries Limited is currently trading at Rs. 296.22 almost 21% from the previous month’s close of Rs. 243.39 as compared to the Nifty 50 which fell by 7% from its recent high of 26,277. The stock had also touched a 52-week high of Rs. 309.9 on November 12, 2024, at 10:05 am.
About the Company
Ramco Industries Limited, part of the US$ 1 billion Ramco Group, is a leading manufacturer of building materials in South Asia, with diversified interests in cement, drywall and ceiling products, roofing products, cotton yarn, surgical cotton, and computer software. The company operates 12 plants across South Asia, supported by a strong network of 8,000 partners.
Ramco Industries is known for its innovation, addressing complex challenges with cutting-edge solutions. In India, the company manufactures high-quality fiber cement roofing sheets, with a production capacity exceeding 7 lakh tons per annum.
A notable product from Ramco Industries is the Ramco Hilux Calcium Silicate Board, a versatile and durable building material. Using technology from Japan’s A & A Corporation, Hilux boards have become popular globally, replacing conventional materials like gypsum boards and plywood. Manufactured at the state-of-the-art plant in Keshwana, Rajasthan, with an annual capacity of 48,000 metric tons, Hilux boards are trusted in iconic structures, ensuring safer, stronger, and aesthetically appealing buildings.
Written By: Dipangshu Kundu
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
