Ramco Cements tumbles 14% in two days on weak Q2 results

The company's Ebitda declined 52 per cent YoY at Rs 193 crore, mainly due to sharp increase in fuel price and weak cement prices

Shares of Ramco Cement tumbled 10 per cent to Rs 634.65 on the BSE in Thursday's intra-day trade, falling 14 per cent in two days, after the company reported a weak set of results for the quarter ended September, 2022 (Q2FY23).

The company's earnings before interest, taxes, depreciation, and amortization (Ebitda) de-grew 52 per cent year-on-year (YoY) at Rs 193 crore, mainly due to sharp increase in fuel price, and weak cement prices. Blended Ebitda per ton for Q2 was Rs 582 as against Rs 1,484 during the previous year quarter, which is one of the lowest in the last