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

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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.”

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URL: https://globalcement.com/news/item/12769-ramco-cements-increases-sales-earnings-and-profit-in-first-quarter-of-2022-financial-year

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