Ramco Cements net profit up 47% to Rs 214 crore in Q4

Ebidta for the quarter stood at Rs 458.89 crore as in opposition to Rs 290.59 crore within the corresponding interval of the earlier yr, a rise of 58%, resulting from improved margins, stated a launch by the corporate.

Ramco Cements reported a 47% bounce in its web revenue to Rs 214.36 crore within the fourth quarter of FY21 as in comparison with Rs 146.17 crore within the corresponding quarter final fiscal.

The Chennai-based firm’s web income for the quarter grew 17% to Rs 1,640.45 crore from Rs 1,401.27 crore within the corresponding interval final yr, owing to a ten% enhance in gross sales volumes resulting from beneficial market circumstances.

Ebidta for the quarter stood at Rs 458.89 crore as in opposition to Rs 290.59 crore within the corresponding interval of the earlier yr, a rise of 58%, resulting from improved margins, stated a launch by the corporate.

Gross sales of cement had been at 3.21 million tonne as in comparison with 2.93 million tonne within the year-ago interval, which was a rise of 10%. Nevertheless, for the whole FY21, gross sales stood at 9.98 million tonne, 11% decrease than the 11.20 million tonne posted within the earlier yr.

Web income for FY21 was at Rs 5,303.08 crore as in opposition to Rs 5,405.64 crore within the earlier yr. Although the amount de-growth for the yr was 11%, the drop in web income was solely 2% due to beneficial market circumstances and enchancment in gross sales of premium merchandise. Ebidta for FY21 was at Rs 1,582.60 crore as in opposition to Rs 1,173.82 crore within the earlier yr, a rise of 35% resulting from improved margins.