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News Ramco Cements' sales rise in 2023 financial year

Ramco Cements' sales rise in 2023 financial year

Written by Global Cement staff 19 May 2023
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India: Ramco Cements' sales were US$987m during the 2023 financial year, up by 36% year-on-year from US$726m during the 2022 financial year. The producer sold 15Mt of cement and dry mortar products, up by 36%. The Times of India newspaper has reported that the producer's profit after tax declined by 62% to US$41.5m from US$108m.

The producer expects that anticipated infrastructure investments and a 'normal' monsoon will maintain strong cement demand in India in the full-year 2023 financial year. It forecast growth in its profit margins from the second quarter of the 2024 financial year (July - September 2023) onward.

Last modified on 24 May 2023
Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Results
  • Outlook
  • demand
  • construction
  • Government
  • Infrastructure
  • weather
  • GCW609

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