Ramco Cements Q2 profit up 40% to Rs 236 cr even as revenue drops

Price stability, better sales of flagship and premium products in trade segment improve margins

Ramco Cements has posted a 40 per cent jump in profit to Rs 235.77 crore during the quarter ended September 30, from Rs 168.15 crore during the same quarter last year. Revenue dropped to Rs 1,265.31 crore from Rs 1,325.88 crore.

EBIDTA for the quarter ended September 30, 2020 was Rs 450.30 crore as against Rs.304.43 crore during the year-ago period, up 48 per cent due to better margins. Blended EBIDTA per tonne for the reporting quarter was Rs 2,035 as against Rs 1,118 during the previous corresponding period. 

During the quarter under review, stability in cement prices, improved sale of its