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News Ramco Cements increases sales, earnings and profit in first quarter of 2022 financial year

Ramco Cements increases sales, earnings and profit in first quarter of 2022 financial year

Written by Global Cement staff 28 July 2021
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India: Ramco Cements recorded standalone net sales of US$166m in the first quarter of the 2022 financial year, up by 17% year-on-year from US$141m in the corresponding quarter of the 2021 financial year. Its earnings before interest, taxation depreciation and amortisation (EBITDA) rose by 37% to US$49.7m from US$36.3m. The company’s net profit growth for the quarter was 54%, taking this to US$22.7m from US$14.8m.

Chief executive officer Aahvan Dharmakrishnan said “With lot of uncertainties and commodity prices going up without corrections, we were able to control the cost reasonably well and performed well.”

Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Results
  • GCW516
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