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News Ramco Cements increases sales in first quarter of 2023 financial year

Ramco Cements increases sales in first quarter of 2023 financial year

Written by Global Cement staff 02 August 2022
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India: Ramco Cements reported consolidated sales of US$225m in the first quarter of its 2023 financial year, up by 44% year-on-year. The producer recorded ‘weak’ cement prices in the quarter, during which time fuel costs rose ‘sharply.’ Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 17% to US$39.2m, while its net profit fell by 34% to US$14.4m.

Ramco Cements’ capital expenditure during the quarter totalled US$61.3m.

Last modified on 03 August 2022
Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Results
  • Price
  • costs
  • Coal
  • petcoke
  • Investment
  • capital expenditure
  • GCW568
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