Ramco Cements Q3 net more than doubles to Rs 201 crore, revenue up 5%

Sales by volume drop 8%, company cites extended monsoon in South for lower offtake

Ramco Cements has reported a 112.39 per cent increase in net profit to Rs 201.35 crore during the third quarter ended December 31, 2020, from Rs 94.8 crore in the corresponding quarter a year ago.

The firm's total revenue rose to Rs 1,345.42 crore from Rs 1,286.43 crore, a year ago, an increase of around five per cent.

The Company's management said that during the quarter year ended December 31, 2020, its cement sales were eight per cent lower at 2.61 million tonnes, compared to 2.84 million tonnes in the corresponding period of the previous year. The sales volume in the reporting