Ramco Cements’ Q4 results: Net profit jumps to Rs 216 cr in FY21
Cement

Ramco Cements’ Q4 results: Net profit jumps to Rs 216 cr in FY21

Chennai-based cement major Ramco Cements posted a 51.1% surge in consolidated net profit on Monday, which stood at Rs 215.92 crore for the fourth quarter ended March 31, 2021, supported by sales growth.

The company had posted a net profit of Rs 142.90 crore in January-March 2019-20. Total revenue of Ramco was up by 16.93% to Rs 1,641.53 crore during the quarter under review as against Rs 1,403.90 crore in the corresponding period of the previous fiscal year.

According to a statement by Ramco, during the quarter ended March 31, 2021, cement sales of the company stood at 3.21 million tonne (mt) as against 2.93 mt in the corresponding period of the previous year with a growth of 10%.

Total expenses were at Rs 1,296.05 crore in the quarter as against Rs 1,218.69 crore in March quarter of 2019-20.

For the fiscal year ended March 31, 2021, the net profit of Ramco Cements was up 29.63% at Rs 784.33 crore. It was Rs 605.07 crore in the previous year. However, total revenue was down to Rs 5,321.37 crore in 2020-21. It was Rs 5,422.80 crore in 2019-20.

Ramco told the media its ongoing capacity expansion program was delayed because of the non-availability of labourers due to Covid-19. However, the company does not have any material risk of non-fulfilment of obligations by any party arising out of existing contracts/agreements, the company said.

Image Source


Also read: JSW Steel Q4 results: Net profit jumps to Rs 4,191 crore

Also read: L&T Q4 results: Consolidated net profit up 3% by Rs 3,293 cr

Chennai-based cement major Ramco Cements posted a 51.1% surge in consolidated net profit on Monday, which stood at Rs 215.92 crore for the fourth quarter ended March 31, 2021, supported by sales growth. The company had posted a net profit of Rs 142.90 crore in January-March 2019-20. Total revenue of Ramco was up by 16.93% to Rs 1,641.53 crore during the quarter under review as against Rs 1,403.90 crore in the corresponding period of the previous fiscal year. According to a statement by Ramco, during the quarter ended March 31, 2021, cement sales of the company stood at 3.21 million tonne (mt) as against 2.93 mt in the corresponding period of the previous year with a growth of 10%. Total expenses were at Rs 1,296.05 crore in the quarter as against Rs 1,218.69 crore in March quarter of 2019-20. For the fiscal year ended March 31, 2021, the net profit of Ramco Cements was up 29.63% at Rs 784.33 crore. It was Rs 605.07 crore in the previous year. However, total revenue was down to Rs 5,321.37 crore in 2020-21. It was Rs 5,422.80 crore in 2019-20. Ramco told the media its ongoing capacity expansion program was delayed because of the non-availability of labourers due to Covid-19. However, the company does not have any material risk of non-fulfilment of obligations by any party arising out of existing contracts/agreements, the company said. Image SourceAlso read: JSW Steel Q4 results: Net profit jumps to Rs 4,191 crore Also read: L&T Q4 results: Consolidated net profit up 3% by Rs 3,293 cr

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement