Ramco Cements Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Ramco Cements (NSE:RAMCOCEM) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₹23.5b (up 31% from 2Q 2023).
• Net income: ₹720.2m (up by ₹689.4m from 2Q 2023).
• Profit margin: 3.1% (up from 0.2% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₹3.15 (up from ₹0.13 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ramco Cements Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Basic Materials industry in India.

Performance of the Indian Basic Materials industry.

The company's shares are down 1.1% from a week ago.

Valuation

Our analysis of these results suggests Ramco Cements may be overvalued based on 6 important criteria we look at. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.