The Ramco Cements Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended of September 30, 2017; Reports Operating Results for the Second Quarter Ended of September 30, 2017
For the half year, the company reported total revenues of INR 22,676.7 million compared to INR 22,981.2 million a year ago. Profit from ordinary activities before tax was INR 4,279.1 million compared to INR 4,743.2 million a year ago. Net profit after tax was INR 3,243.3 million compared to INR 3,629.4 million a year ago. Basic and diluted earnings per share were INR 14 compared to INR 15 a year ago.
During the quarter, the company sold 2.152 million tonnes of cement compared to 2.025 million tonnes, including exports a year ago. The company announced that there has been a significant slowdown in the Tamil Nadu market due to drought and shortage of river sand for construction. But growth in the Eastern region has helped.