The Ramco Cements

June 4 (Reuters) - Ramco Cements Ltd TRCE.NS:

• DISPUTED LEVY OF EXCISE DUTY FOR BAGGED CEMENT AMOUNTING TO 16 MILLION RUPEES DROPPED

Source text: ID:nBSEc8vx7F

Further company coverage: TRCE.NS

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** Nomura says Indian cement makers may need another round of price hikes in June to offset rising fuel and freight costs, with imported pet coke and thermal coal prices up 15%-16% q/q

** Adds that current price increases are insufficient to fully offset cost inflation

** Shares of Ambuja Cements ABUJ.NS up 0.60% at 437.55 rupees, Ramco Cements RAMC.NS gains 0.70% at 874 rupees, while UltraTech Cement ULTC.NS falls 0.52% to 11,175 rupees and Shree Cement SHCM.NS down 0.64% to 25,180 rupees

** Brokerage expects an average 5 rupee-per-bag cement price increase in June, led by North and West India

** YTD, ABUJ down 21.4%, RAMC slipped 6.8%, ULTC fell 5.2% and SHCM down 5.6%

(Reporting by Surbhi Misra in Bengaluru)

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May 22 (Reuters) - Ramco Cements Ltd TRCE.NS:

• RAMCO CEMENTS MARCH-QUARTER NET PAT 1.46 BILLION RUPEES

• RAMCO CEMENTS MARCH-QUARTER REVENUE FROM OPERATIONS 26.06 BILLION RUPEES

• RAMCO CEMENTS LIMITED - DECLARES DIVIDEND OF 2.5 RUPEES PER SHARE

Source text: ID:nnAZN4SY06O

Further company coverage: TRCE.NS

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** Nomura cuts PT on UltraTech Cement ULTC.NS to 13,900 rupees, UltraTech Cement, Ambuja Cement ABUJ.NS to 540 rupees, Shree Cement SHCM.NS to 28,000 rupees, Nuvoco NUVO.NS to 400 rupees

** Maintains Dalmia Bharat DALB.NS as its top pick with "Buy"

** Maintains "Reduce" on ACC ACC.NS; cuts PT at 1,250 rupees

** The industry has seen only a 16 rupees per bag hike in prices instead of the expected 18 rupees-20 rupees per bag to offset rising input costs, brokerage says

** Notes Indian cement industry has faced headwinds from election delays, extended monsoon, and Middle East-driven input cost inflation in the past few quarters

** Cuts FY27 and FY28 EBITDA estimates across cement stocks by an average of 10% to 15%

** Views cement demand as largely deferred rather than lost, believes improved profitability in FY28-29F as demand normalises and pricing discipline potentially returns

(Reporting by Mridula Kumar in Bengaluru)

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Feb 26 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - SOLD NON-CORE ASSETS WORTH 595.6 MILLION RUPEES

Source text: ID:nBSEbG4kxv

Further company coverage: TRCE.NS

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** Shares of Ramco Cements TRCE.NS drop 3.9% to 1,158 rupees

** The South India-focussed cement maker posts a rise in third-quarter profit but falls short of volume growth expectations

** Jefferies, Motilal and Emkay say co's EBITDA missed estimates due to double whammy of weak volumes and weak pricing in its core markets of Southern and Eastern India

** Intense competition hurt pricing, says Jefferies ("hold," PT: raised to 1,045 rupees)

** Brokerage also notes the expansion of non-cement segments like construction chemicals worth monitoring for revenue diversification as cement competition intensifies

** At least three analysts downgrade Ramco, with 12 rating it "sell" or "strong sell" – the most in at least two years - data compiled by LSEG

** Stock up 9.4%, YTD

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 9 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS Q3 NET PAT 3.87 BILLION RUPEES

• RAMCO CEMENTS Q3 REVENUE FROM OPERATIONS 21.01 BILLION RUPEES, IBES EST. 21.89 BILLION RUPEES

Source text: ID:nBSE1sg5H5

Further company coverage: TRCE.NS

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** Cement industry volume growth in 2Q to remain slow at 5% YoY, notes Jefferies

** Says, volume growth impacted by heavy monsoon, early festive season and weak dispatches two weeks ahead of new GST rates

** Forecasts volume growth for UltraTech ULTC.NS and Ambuja Cements ABUJ.NS to be highest among peers at ~10% and 15%, respectively, on the back of M&A consolidation

** ULTC, ABUJ and JK Lakshmi Cement JKCE.NS are its top picks

** Adds, earnings to rise on better pricing and low base from last year, even as volumes remain soft

** ULTC, ABUJ, JKCE rated "Buy" on avg, per data compiled by LSEG

(Reporting by Komal Salecha)

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** India's The Ramco Cements TRCE.NS down 5.6% to 1,073 rupees after Q1 results

** Stock set for worst day since February 2024, if losses hold

** Co's cement volumes fell 7% y/y in Q1 due to weak demand amid early monsoon rains in the southern state of Kerala

** South India gives Chennai-based Ramco 80% of its sales volumes

** Ambit Capital says Ramco's volume drop was worse than other South or East India peers, implying market share loss again

** Adds, EBITDA missed street estimates, says co has been losing market share in the past few quarters

** DAM Capital says improvement in cement pricing was a positive, but is fully factored in valuations and unlikely to deliver earnings beat vs its estimates going forward

** TRCE shares up 11.2% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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Aug 7 (Reuters) - Ramco Cements Limited TRCE.NS:

• Q1 NET PAT 860.1 MILLION RUPEES; IBES EST. 962.3 MILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 20.7 BILLION RUPEES, IBES EST. 22.41 BILLION RUPEES

Source text: ID:nBSEbwT25S

Further company coverage: TRCE.NS

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July 16 (Reuters) - Ramco Cements Limited TRCE.NS:

• COMMISSIONS FIFTH CONSTRUCTION CHEMICAL PLANT IN ODISHA

Source text: ID:nBSE7BfQPw

Further company coverage: TRCE.NS

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** Shares of Indian cement makers decline

** Sector leader UltraTech ULTC.NS drops 2.3%; Ambuja ABUJ.NS down 1.3%; Shree Cement SHCM.NS and ACC ACC.NS slip nearly 1%

** Early onset of monsoon rains spurs fears of construction slowdown, demand drag, five analysts tell Reuters

** Monsoon rains hit India's southern coast on May 24, earliest in 16 years

** South India-focussed cement makers Ramco TRCE.NS and Dalmia Bharat DALB.NS down roughly 1% each, extending losses

** Over past few days, dealers have started offering discounts in South India, says Nishant Bagrecha, research analyst at Incred Equities

** Adds, we feel this could be potential indication of prices moving towards seasonal dip

** Q1 cement volume growth can be lower than expectations. Q1 growth was anticipated to be strong given general elections-led weak base last year - Abhishek Jain, head of research at Arihant Capital Markets

(Reporting by Hritam Mukherjee and Vivek Kumar M in Bengaluru)

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** Shares of India's Ramco Cements TRCE.NS up 1%, reversing course from early 2% drop

** South India-focussed cement maker said prices in the region are improving, after Q4 profit slumped and rev missed estimates

** Citi raises TP to 1,140 rupees from 1,025 rupees; says that while Q4 disappoints, cement price upsides to look forward to

** "Worst appears to be behind" as south region plays "catch up", Ambit Capital says, hiking TP by 20% to 950 rupees

** Of 29 analysts covering the stock, atleast four raised TPs after results - data compiled by LSEG

** Median TP rises to 920 rupees on the day vs 900 rupees a month back but avg rating remains "hold" - LSEG

** YTD stock up over 3%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 22 (Reuters) - Ramco Cements Limited TRCE.NS:

• RECOMMENDS DIVIDEND OF 2 RUPEES PER SHARE

• Q4 NET PAT 309.9 MILLION RUPEES

• Q4 REVENUE FROM OPERATIONS 23.92 BILLION RUPEES, IBES EST. 26.62 BILLION RUPEES

Source text: ID:nBSE6zQvx3

Further company coverage: TRCE.NS

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April 22 (Reuters) - Ramco Cements Limited TRCE.NS:

• TO CONSIDER FUND RAISING VIA ISSUANCE OF NON-CONVERTIBLE SECURITIES

Source text: ID:nBSE8dBsYm

Further company coverage: TRCE.NS

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April 10 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - CFO SELLS 10,000 SHARES OF CO AT 945.60 RUPEES EACH ON APRIL 9

Source text: ID:nBSE5mWjcZ

Further company coverage: TRCE.NS

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March 13 (Reuters) - Ramco Cements Limited TRCE.NS:

• IMPOSITION OF NEW TAX WOULD ADVERSELY AFFECT THE CEMENT INDUSTRY IN TAMIL NADU

• IMPOSITION OF NEW TAX WOULD MAKE CEMENT COSTLIER AT HANDS OF END USER

• PROPOSES GOVERNMENT OF TAMIL NADU TO RECONSIDER PROPOSAL TO LEVY MINERAL BEARING LAND TAX

Further company coverage: TRCE.NS

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March 12 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - CESTAT REMANDS APPEAL ON CENVAT CREDIT DISALLOWANCE TO ORIGINAL AUTHORITY

• RAMCO CEMENTS LIMITED - ORIGINAL AUTHORITY DROPS PROCEEDINGS, RESOLVES ISSUE WORTH 49.2 MILLION RUPEES

Source text: ID:nBSE1c2bkq

Further company coverage: TRCE.NS

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** Ramco Cements TRCE.NS falls 3% to 857 rupees

** Co's Q3 profit before exceptional items and tax drops to 43.5 mln rupees ($497,683) from 1.35 bln rupees a year ago; rev from ops down 6% y/y

** Co incurs one-time gain of 3.29 bln rupees from sale of surplus land and investments in Q3

** TRCE hurt by low cement prices in the reported quarter

** Ambit Capital Research says co's market share loss to be of concern if it does not manage to achieve higher blended sales

** More than 788,000 shares traded, 2x the 30-day avg

($1 = 87.4050 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 6 (Reuters) - Ramco Cements Limited TRCE.NS:

• Q3 NET PAT 3.25 BILLION RUPEES; IBES EST. 455.3 MILLION RUPEES

• Q3 REVENUE FROM OPERATIONS 19.77 BILLION RUPEES, IBES EST. 20.19 BILLION RUPEES

Source text: [ID:]

Further company coverage: TRCE.NS

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** India's average cement prices/bag rose by 1 rupee q/q to 337 rupees in the Dec-qtr, Nomura says

** Q3 prices still ~11% lower y/y - data from brokerages Nomura and Ambit

** Nomura says hikes of 8 rupees and 6 rupees per bag in north and west markets, respectively; declines of 7 rupees and 5 rupees per bag in south and east markets, respectively

** Brokerage prefers UltraTech Cement ULTC.NS, Shree Cement SHCM.NS, Ambuja Cement ABUJ.NS, Ramco Cements TRCE.NS - all rated "buy"

** Maintains "reduce" call on Dalmia Bharat DALB.NS

** Traders across regions flag demand uncertainty in at least first fortnight of Jan, weighed by cold weather (north, central), labour crunch (south) - note

** ULTC, SHCM, ABUJ, TRCE, DALB up between 0.3% to 1.1% on the day

** In 2024, ULTC was best performing stock of the lot with 8.8% gains; followed by ABUJ's ~3% rise

($1 = 85.7420 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 27 (Reuters) - Ramco Cements Limited TRCE.NS:

• CFO TO SELL 10,000 SHARES OF CO IN APRIL 2025

Source text: ID:nBSE7nH2yZ

Further company coverage: TRCE.NS

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Nov 25 (Reuters) - Ramco Industries Ltd RAMC.NS:

• ACQUIRED SHARES OF THE RAMCO CEMENTS FOR 126.7 MILLION RUPEES

Source text: ID:nBSE6hn4gl

Further company coverage: RAMC.NS

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Nov 21 (Reuters) - Ramco Industries Ltd RAMC.NS:

• RAMCO INDUSTRIES - ACQUIRED SHARES OF RAMCO CEMENTS WORTH 293.4 MILLION RUPEES

Further company coverage: RAMC.NS

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Nov 18 (Reuters) - Ramco Industries Ltd RAMC.NS:

• RAMCO INDUSTRIES - ACQUIRED 4,66,600 SHARES OF RAMCO CEMENTS FOR 419.5 MILLION RUPEES

Source text: ID:nBSEXWSVz

Further company coverage: RAMC.NS

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Nov 11 (Reuters) - Ramco Industries Ltd RAMC.NS:

• RAMCO INDUSTRIES - APPROVED RAISING OF CREDIT FACILITIES

• RAMCO INDUSTRIES - TO INVEST IN RAMCO CEMENTS FOR VALUE UPTO 1.6 BILLION RUPEES

• RAMCO INDUSTRIES - APPROVED RAISING OF CREDIT FACILITIES OF UP TO 1.6 BILLION RUPEES

Source text: ID:nBSEbyxvBX

Further company coverage: RAMC.NS

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** Indian cement firms are expected to attempt a price hike in September after mid-August hikes were rolled back amid weak demand, brokerage Nomura says

** Hike per bag of 14 rupees ($0.17) expected pan-India but dealers wary of absorption - note

** Brokerage prefers Shree Cement SHCM.NS, Ambuja Cements ABUJ.NS and Ramco Cements TRCE.NS within sector

** Monsoons, upcoming festival period to keep demand subdued; see uptick in November - Nomura citing dealers

** Avg pan-India cement prices at 3-yr lows; note adds hikes "desperate attempt" to halt moderation of prices rather to lift them

($1 = 83.8520 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 25 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS Q1 NET PAT 355 MILLION RUPEES; IBES EST. 442. 6 MILLION RUPEES

• RAMCO CEMENTS Q1 REVENUE FROM OPERATIONS 20.88 BILLION RUPEES, IBES EST. 21.91 BILLION RUPEES

Source text for Eikon: ID:nNSE2xrP1

Further company coverage: TRCE.NS

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July 11 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS - CO'S APPEAL BEFORE CESTAT WAS ALLOWED

Source text for Eikon: ID:nBSE7n9Ppy

Further company coverage: TRCE.NS

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** KCP KCP.NS drops 0.8%, only Indian cement stock in the red

** Bigger rival Ambuja Cements ABUJ.NS buys Penna Cement in a $1.25 bln deal, bolstering south India presence

** ~60% of Penna's capacity is in Andhra Pradesh, while KCP's two cement plants are also in that state

** Ambuja and fellow Adani-group cement stock ACC ACC.NS are both up ~2% on the day

** Other cement firms with Andhra Pradesh presence also gain: India Cement ICMN.NS 1.8%, Ramco Cements TRCE.NS 0.5%, Sagar Cement SGRC.NS 4%

** KCP has surged ~27% since India's elections, in which Telugu Desam Party (TDP) chief Chandrababu Naidu returned to power in A.P.

** Analysts say Naidu could revive his ambitious project to develop Amravati, which he has suggested as state capital

** Sagar up 20% since election results, Ramco ~13%, India Cements ~3%; Ambuja has gained ~1% and ACC is flat

(Reporting by Savio Dsouza)

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