 "Ramco seeks to cement a place in the east")
Ramco Cement reported a profit before tax of Rs 157.50 crore during the quarter ended June 30, 2020, down 43 per cent from Rs 279.93 crore a year ago. The firm's revenue dropped 24 per cent to Rs 1,056.79 crore from Rs 1,396.82 crore.
The company said in a statement that profitability for the current quarter was impacted due to Covid-19. EBITDA was Rs 270.07 crore during the reporting quarter, down 27 per cent from Rs 367.48 crore a year ago, mainly due to drop in sale volumes.
Raw material costs include consumption of purchased clinker, a one-off item during the reporting
