Ramco Cements Posts 57 per cent rise

Ramco Cements Posts 57 per cent rise
04/08/2016 , by , in ALLIED

Ramco Cements reported a 57 per cent growth in standalone net profit at Rs 155.93 crore for the quarter ending June 30, helped by better sales and cost optimization measures. The firm had clocked a net profit of Rs 99.24 crore for the corresponding period a year ago.

Total standalone income rose three per cent to Rs 972.09 crore in the quarter under review as against Rs 947.42 crore in the year-ago period. Total expenses were lower at Rs 734.20 crore compared to Rs 760.40 crore a year ago.

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