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

26 May 2021 CW Team

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

Real Estate

14 Oct 2025

GHMC Launches Drive To Boost Property Tax Revenue

The Greater Hyderabad Municipal Corporation (GHMC) has launched a special campaign to enhance property tax revenue from non-residential and commercial properties by reassessing their total built-up area. Any discrepancies identified during inspections will trigger immediate revision of both property tax and trade licence fees, officials said. The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, includi..

Cholamandalam To Raise Rs 10 Billion Via NCD Issue

Cholamandalam Investment and Finance Company has invited bids to raise up to Rs 10 billion through secured non-convertible debentures (NCDs) maturing on 14 October 2030, offering a coupon rate of 7.58 per cent. The NCD issue, announced on Monday, comes at a time when corporate bond activity — which saw strong momentum in the first quarter of FY26 — has slowed during the second quarter owing to rising borrowing costs. However, market analysts anticipate a rebound in the coming months as easing bond yields could reignite investor appetite for corporate debt instruments. The company’s fu..

Maharashtra Approves Cluster Redevelopment For Mumbai Slums

The Maharashtra cabinet has approved a cluster redevelopment scheme for Mumbai’s slums, paving the way for large-scale urban renewal and improved living standards across the city’s informal settlements. The decision, taken on 7 October, seeks to convert slum clusters spread over more than 50 acres into integrated housing projects equipped with modern infrastructure and better amenities. To be implemented by the Slum Rehabilitation Authority (SRA), the initiative aims to accelerate redevelopment, attract private investment, and stimulate construction activity. According to a statement from..