Ramco Cements PBT declines 15% to Rs 110 crore on sluggish demand

Expects Rs 3,530 crore expansion programme to be completed in near future

Ramco Cements posted a decline of 14.65 per cent in profit before tax for the quarter ended December 31, 2019, at Rs 110.89 crore as compared with Rs 129.93 crore registered during same period last year. The company is expected to complete various capacity expansion projects worth Rs 3,530 crore in the near future.

"During the current quarter, the company witnessed sluggish demand in its core markets, coupled with pressure on prices due to active monsoon", said the company in a statement. Demand in eastern markets was more visible during the quarter, but the prices, particularly in West Bengal, were