Economy & Market
Ramco Cements Q2 net up 46percent
Ramco Cements has reported a 46 per cent growth in its standalone net profit at Rs 207.01 crore for the quarter ended September 30, aided by better off-take and cost-reduction measures.
The firm had a net profit of Rs 142.18 crore in the year-ago period, it said in a BSE filing.
Total standalone income of the company rose by 18 per cent to Rs 1,172.24 crore in the July-September quarter of this fiscal from Rs 1,029.28 crore during the same quarter in 2015-16.
Total expenses of the company were higher at Rs 882.28 crore from Rs 801.86 crore during the period under review.
There has been an improvement in the off-take of cement during the quarter compared to the year-ago period, it said.
The company's sales rose to 20.34 lakh tonnes (LT) in the September quarter this fiscal from 17.11 LT during the same period in 2015-16.