Ramco Cements' net profit rises 54% to Rs 191.97 cr in June quarter

Ramco Cements on Wednesday reported a 54 per cent growth in profit at Rs 191.97 crore for the quarter ended June 30, 2019, as against Rs 124.98 crore, a year ago. Revenue increased to Rs 1,392.06 crore from Rs 1,224.80 crore, an increase of 14 per cent.

During the quarter, cement sales for the company stood at 2.70 million tonnes, compared to 2.61 million tonnes of the correspond period last year, an increase of 3%.

The company achieved the highest ever quarterly EBITDA of Rs 367 crore during Q1FY20 compared to Rs 255.20 crore, a year ago, an increase of