The Ramco Cements Limited Reports Audited Standalone Earnings Results for Fourth Quarter and Full Year and Consolidated Earnings Results for Full Year Ended March 31, 2017
May 30, 2017 at 02:12 am EDT
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The Ramco Cements Limited reported audited standalone earnings results for fourth quarter and full year and consolidated earnings results for full year ended March 31, 2017. For the quarter, the company’s sale of products (including excise duty) was INR 11,770.2 million compared to INR 11,155.6 million a year ago. Profit from operations before finance cost was INR 1,919.0 million compared to INR 2,482.7 million a year ago. Profit from ordinary activities before tax was INR 1,717.9 million compared to INR 2,033.1 million a year ago. Net profit after tax, non-controlling interest and share or profit of associates was INR 1,326.0 million or INR 6.00 per basic and diluted share compared to INR 1,801.5 million or INR 8.00 per basic and diluted share for the same period a year ago.
For the year, the company’s sale of products (including excise duty) was INR 44,714.4 million compared to INR 40,649.6 million a year ago. Profit from operations before finance cost was INR 9,536.7 million compared to INR 8,552.3 million a year ago. Profit from ordinary activities before tax was INR 8,501.5 million compared to INR 6,733.7 million a year ago. Net profit after tax, non-controlling interest and share or profit of associates was INR 6,492.9 million or INR 27.00 per basic and diluted share compared to INR 5,421.9 million or INR 23.00 per basic and diluted share for the same period a year ago.
For the year, on consolidated basis, the company’s sale of products (including excise duty) was INR 44,714.4 million compared to INR 40,649.6 million a year ago. Profit from operations before finance cost was INR 9,617.9 million compared to INR 8,466.8 million a year ago. Profit from ordinary activities before tax was INR 8,569.1 million compared to INR 6,629.2 million a year ago. Net profit after tax, non-controlling interest and share or profit of associates was INR 6,542.1 million or INR 29.00 per basic and diluted share compared to INR 5,312.6 million or INR 24.00 per basic and diluted share for the same period a year ago.
The Ramco Cements Limited is an India-based company, which is engaged in the manufacture of cement, ready mix concrete and dry mortar products. The Company caters mainly to the domestic markets. The Company also sells cement in Srilanka through direct exports and Maldives through merchant exports. Its products include cement, dry mix products, and concrete. The cement product includes Ramco Supergrade, Ramco Supercrete, Ramco Superfine EFC, Ramco Super Steel, Ramco OPC Infra 53 Grade, Ramco OPC Infra 43 Grade, Ramco OPC 53 Grade, Ramco Super-Fast and others. The Dry mix products include Ramco Tile Fix, Ramco Super Plaster, Ramco Self Curing Plaster, Ramco Super Fine and others. The concrete product includes Ramco Ready Mix Concrete RMC. It has a range of cement that delivers durable concrete for varied downstream construction applications. Its plants and capabilities include integrated plants, grinding units, packing plants, ready mix plants, dry mix plants and wind farms.
The Ramco Cements Limited Reports Audited Standalone Earnings Results for Fourth Quarter and Full Year and Consolidated Earnings Results for Full Year Ended March 31, 2017