Ramco Cements Q1 net rises 54%
The Hindu
Ramco Cements reported a 54% increase in standalone net profit for Q1 of FY22 to ₹168.98 crore. The company attributed the rise to implementation of tight cost-control measures in manufacturing oper
Ramco Cements reported a 54% increase in standalone net profit for Q1 of FY22 to ₹168.98 crore. The company attributed the rise to implementation of tight cost-control measures in manufacturing operations. Revenue from operations rose 18% to ₹1,205 crore. Cement sales increased 11% to 21.41 lakh tonnes. The company incurred a capex ₹397 crore. Demand for individual housing declined marginally in the south, while infrastructure and commercial segments looked up. Lockdowns dampened demand in May and June.
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