Latest news with #Capex
Mint
5 hours ago
- Business
- Mint
The Ramco Cements Q1 profit rises to ₹181.58 crore
New Delhi, Aug 8 (PTI) The Ramco Cements Ltd has reported a consolidated net profit of ₹ 181.58 crore for the June quarter of FY26, helped by improvement in the cement prices and operational efficiencies. The company had posted a net profit of ₹ 36.57 crore during the June quarter of the previous fiscal, according to a regulatory filing by The Ramco Cements on Thursday. Its revenue from operations declined marginally to ₹ 2,074 crore in the June quarter of FY26, from ₹ 2,093.55 crore in the same period last fiscal. "During Q1 FY26, the cement sale volume is 4 million tonnes, compared to 4.29 million tonnes in Q1 FY25, with a de-growth of 7 per cent in view of weak demand due to early monsoon rains in Kerala. In eastern markets, many infra projects nearing completion amid unseasonal rains have dampened the demand," the company said in its earnings statement. Consequently, the cement capacity utilisation for the Q1FY26 is at 68 per cent as against 77 per cent during the previous corresponding period, it said. "EBIDTA for Q1 FY26 is ₹ 404 crore as against ₹ 328 crore during Q1 FY25 with growth of 23 per cent in view of improvement in cement prices," it said. Total expenses of The Ramco Cements in the June quarter were down 4.3 per cent at ₹ 1,965.13 crore. The Ramco Cements' total income, which includes other income, was also down 1 per cent in the June quarter to ₹ 2,080 crore. Over the Capex, The Ramco Cements said it "plans to achieve cement capacity of 30 MTPA by Mar 26 with the commissioning of 2nd line in Kolimigundla along with de-bottlenecking of existing facilities and adding grinding capacities in existing locations with nominal capex."
Mint
7 hours ago
- Business
- Mint
The Ramco Cements Q1 profit rises to ₹181.58 crore
New Delhi, Aug 8 (PTI) The Ramco Cements Ltd has reported a consolidated net profit of ₹ 181.58 crore for the June quarter of FY26, helped by improvement in the cement prices and operational efficiencies. The company had posted a net profit of ₹ 36.57 crore during the June quarter of the previous fiscal, according to a regulatory filing by The Ramco Cements on Thursday. Its revenue from operations declined marginally to ₹ 2,074 crore in the June quarter of FY26, from ₹ 2,093.55 crore in the same period last fiscal. "During Q1 FY26, the cement sale volume is 4 million tonnes, compared to 4.29 million tonnes in Q1 FY25, with a de-growth of 7 per cent in view of weak demand due to early monsoon rains in Kerala. In eastern markets, many infra projects nearing completion amid unseasonal rains have dampened the demand," the company said in its earnings statement. Consequently, the cement capacity utilisation for the Q1FY26 is at 68 per cent as against 77 per cent during the previous corresponding period, it said. "EBIDTA for Q1 FY26 is ₹ 404 crore as against ₹ 328 crore during Q1 FY25 with growth of 23 per cent in view of improvement in cement prices," it said. Total expenses of The Ramco Cements in the June quarter were down 4.3 per cent at ₹ 1,965.13 crore. The Ramco Cements' total income, which includes other income, was also down 1 per cent in the June quarter to ₹ 2,080 crore. Over the Capex, The Ramco Cements said it "plans to achieve cement capacity of 30 MTPA by Mar 26 with the commissioning of 2nd line in Kolimigundla along with de-bottlenecking of existing facilities and adding grinding capacities in existing locations with nominal capex." Shares of The Ramco Cements Ltd on Friday were trading at ₹ 1,064.35 on BSE in the morning trade, down 6.32 per cent from the previous close.
News18
7 hours ago
- Business
- News18
The Ramco Cements Q1 profit rises to Rs 181.58 crore
Last Updated: New Delhi, Aug 8 (PTI) The Ramco Cements Ltd has reported a consolidated net profit of Rs 181.58 crore for the June quarter of FY26, helped by improvement in the cement prices and operational efficiencies. The company had posted a net profit of Rs 36.57 crore during the June quarter of the previous fiscal, according to a regulatory filing by The Ramco Cements on Thursday. Its revenue from operations declined marginally to Rs 2,074 crore in the June quarter of FY26, from Rs 2,093.55 crore in the same period last fiscal. 'During Q1 FY26, the cement sale volume is 4 million tonnes, compared to 4.29 million tonnes in Q1 FY25, with a de-growth of 7 per cent in view of weak demand due to early monsoon rains in Kerala. In eastern markets, many infra projects nearing completion amid unseasonal rains have dampened the demand," the company said in its earnings statement. Consequently, the cement capacity utilisation for the Q1FY26 is at 68 per cent as against 77 per cent during the previous corresponding period, it said. 'EBIDTA for Q1 FY26 is Rs 404 crore as against Rs 328 crore during Q1 FY25 with growth of 23 per cent in view of improvement in cement prices," it said. Total expenses of The Ramco Cements in the June quarter were down 4.3 per cent at Rs 1,965.13 crore. The Ramco Cements' total income, which includes other income, was also down 1 per cent in the June quarter to Rs 2,080 crore. Over the Capex, The Ramco Cements said it 'plans to achieve cement capacity of 30 MTPA by Mar 26 with the commissioning of 2nd line in Kolimigundla along with de-bottlenecking of existing facilities and adding grinding capacities in existing locations with nominal capex." Shares of The Ramco Cements Ltd on Friday were trading at Rs 1,064.35 on BSE in the morning trade, down 6.32 per cent from the previous close. PTI KRH KRH DR DR view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
10 hours ago
- Business
- Business Standard
Bharti Airtel shares dip 3% after huge trade; promoter entity likely seller
Shares of Bharti Airtel dipped 3 per cent to ₹1,868.80 on the National Stock Exchange (NSE) amid heavy volumes. In comparison, the Nifty 50 was down 0.34 per cent at 24,512. Till 09:30 AM, a combined 89.24 million shares representing 1.6 per cent of the total equity of telecom services provider have changed hands on the NSE (77.32 million shares) and BSE (11.92 million shares). The names of the buyers and sellers are not ascertained immediately. Meanwhile, in the past month, Bharti Airtel has underperformed the market by falling 8 per cent, as compared to a 4 per cent decline in the Nifty 50. However, in the past year, the stock price of the company has appreciated by nearly 30 per cent, as against a 1.7 per cent gain in the benchmark index. Track LIVE Stock Market Updates Here Bharti Airtel's promoter entity is the likely seller Moneycontrol reports suggest that Bharti Airtel's Promoter entity, Indian Continent Investment, is likely to sell a 0.8 per cent equity stake in the company via a block deal. The block size is expected to be around ₹9,310 crore, and the floor price for the deal is likely set at ₹1,862 per share. Bharti Airtel brokerages view post Q1 results From a long-term perspective, analysts at Axis Securities believe Bharti Airtel would continue to gain market share, backed by the highest penetrations, and with minimum Capex requirements. Therefore, with a stronger digital portfolio supported by rising per-user data and growing business verticals, the brokerage firm is positive about the company's future growth. Analysts maintain a 'Buy' recommendation on the stock with a target price of ₹2,300 per share. JM Financial Institutional Securities reiterate 'Buy' on Bharti as the brokerage firm believe the industry's wireless average revenue per user (ARPU) will grow at 12-13 per cent compounded annual growth rate (CAGR) in the next 3-5 years given the consolidated industry structure, to ensure a '3+1' player market and higher ARPU requirement for Jio not only to justify its significant 5G capex but also given its potential listing plans. Further, the potential 5G monetisation and fixed wireless access (FWA) rollout provides significant upside risk over the long term. Moreover, there is huge FCF generation potential over the next 4-5 years, with the next big jump in capex, largely related to 6G, which is the most likely 2030-onwards story, the brokerage firm said with a target price of ₹2,240 per share. About Bharti Airtel Headquartered in India, Airtel is a global communications solutions provider with over 590 million customers in 15 countries across India and Africa. The company also has its presence in Bangladesh and Sri Lanka through its associate entities. The company ranks amongst the top three mobile operators globally, and its networks cover over two billion people.
New Indian Express
12 hours ago
- Politics
- New Indian Express
'To defeat a powerful adversary, a strong alliance is vital': EPS
Edappadi K Palaniswami, AIADMK general secretary, who is on a whirlwind tour of Tamil Nadu as part of his 'Makkalai Kaapom - Tamizhagathai Meetpom' (Let us protect people, retrieve Tamil Nadu) campaign, spoke to TNIE's T Muruganandham near Courtallam in Tenkasi district in an exclusive interview. He spoke about his party's electoral prospects, the alleged failures of the DMK, and the AIADMK's stance on coalition government. Edited excerpts: You have completed your campaign in more than 50 assembly constituencies. What is your assessment of the people's mood? I have been able to sense clearly that the people desire a change in Tamil Nadu's politics and governance. Moreover, the people believe that only the AIADMK can bring that change. There is overwhelming support for me and the party. You have begun this campaign eight months ahead of the election. Are there any specific reasons? Being a farmer, I've taken to heart the saying 'kaalathey payir sei' (cultivate / sow at the right time). Doing that ensures success. Hence, I chose a reliable partnership (with the BJP) and entered the field early with them. If one starts campaigning only during the heat of the election season, it is impossible to reach out to people in all 234 constituencies. You have expressed your concern about Tamil Nadu's debt burden. There is a perception that no government has taken concrete measures to bring down the debt. Do you have a plan? We will cut down on extravagant spending and concentrate on welfare schemes. We will not roll out schemes for self-promotion or those that won't benefit the people. With available resources, we will fulfil people's requirements. We are not the DMK to make promises that cannot be fulfilled. When we were in power, I used to review the fiscal situation often and devise schemes accordingly. Capex would be mostly high while lowering revenue expenditure. Borrowing cannot be avoided. However, the debt should be within limits. When the DMK government completes five years, it would have borrowed nearly `5.38 lakh crore. How can this be repaid? Strangely, revenue receipts have gone up, but the borrowing has also gone up, all without implementing any new or huge schemes. This is a clear case of inefficient governance.
