Ramco Cements reports 19% fall in Q3 net profit at ₹ 123 cr

Ramco Cements reports 19% fall in Q3 net profit at ₹ 123 cr
08/02/2018 , by , in ALLIED

Ramco Cements on Tuesday reported a 19.18 per cent decline in net profit to ₹ 122.74 crore for the quarter ended December 2017.The company had posted a net profit of ₹ 151.88 crore during the same period previous fiscal, The Ramco Cements said in a regulatory filing.Total revenue during the quarter under review stood at ₹ 1,061.52 crore against ₹ 1,113.14 crore in the year-ago period.

“The sales volume of cement has increased by 8 per cent during the nine months ended December 31, 2017, compared to the corresponding period of the previous year,” the company said.

For the nine months ended December 31, wind farms have generated 2,425 lakh units compared with 2,549 lakh units during the corresponding period of the previous year, it added.

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