Ramco Cements Q4 pre-tax profit down 25% to Rs 185.21 cr on subdued prices

Ramco Cements has reported a 24.9 per cent drop in profit before tax (PBT), at Rs 185.21 crore during the quarter ended March 31, 2020, from Rs 246.66 crore a year ago. Revenue dropped 9.2 per cent to Rs 1,401.27 crore from Rs 1,543.47 crore during the same period last year.

The company said that in 2019-2020, its cement sales were up a marginal one per cent, at about 11.20 million tones, from 11.12 million tonnes in the previous year. 

Cement prices were under pressure for most part of the year. Logistics costs have come down due to reduction in diesel prices