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News Ramco Cements’ sales increase in third quarter of 2024 financial year

Ramco Cements’ sales increase in third quarter of 2024 financial year

Written by Global Cement staff 09 February 2024
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India: Ramco Cements reported 5% growth in sales in the third quarter of the 2024 financial year (1 October – 31 December 2023), to US$254m. Rising cement volumes – up by 9.9% to 4Mt – helped to drive the growth in sales. Despite weather-related disruptions, Ramco Cements raised its earnings before interest, depreciation, taxation, and amortisation (EBITDA) rose by 37% to US$48.4m. A 28% reduction in fuel prices to US$138/t of cement spurred earnings growth. Cement capacity utilisation during the quarter fell quarter-on-quarter to 74% to 82% previously.

Last modified on 14 February 2024
Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Results
  • volumes
  • weather
  • costs
  • fossil fuels
  • Capacity utilisation
  • GCW646
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