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

Next Story
Resources

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city’s architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals—away from the typical conference setup. The eveni..

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director – HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele’s wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele’s full portfolio—includi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India’s fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?