{"id":72254,"date":"2022-11-09T18:35:00","date_gmt":"2022-11-09T13:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=72254"},"modified":"2022-11-09T18:25:11","modified_gmt":"2022-11-09T12:55:11","slug":"biz-results-ramco-cements-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-ramco-cements-2\/","title":{"rendered":"The Ramco Cements Q2 Results: Consolidated net profit down 99%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1907442302\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Ramco Cements on Wednesday reported 99.28 per cent decline in consolidated net profit at Rs 3.71 crore for September quarter 2022-23 on on account of sharp rise in fuel prices and weak cement rates.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4198114228\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company had logged a net profit of Rs 516.77 crore in July-September period a year ago, The Ramco Cements said in a regulatory filing.<\/p>\n<p>Total income was up 19.21 per cent to 1,800.61 crore as against Rs 1,510.33 crore in the corresponding period of previous fiscal year.<\/p>\n<p>Operating profit was down &#8220;mainly due to sharp increase in fuel price and weak cement prices,&#8221; The Ramco Cements said in its earning statement.<\/p><div class=\"trade-content_5\" id=\"trade-1653204412\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The company could not pass on the full cost increase arising out of the sharp fuel price hike, to its customers, it added.<\/p>\n<p>Total expenses in the quarter were Rs 1,783.06 crore, up 44.77 per cent from the year-ago period.<\/p>\n<p>Its sale of cement was higher at 3.31 million tonne compared to 2.71 million tonne in September quarter of 2021-22.<\/p>\n<p>In a separate filing, The Ramco Cements informed that its board has approved a proposal for establishing a new line at its grinding unit in Jajpur district, Odisha.<\/p>\n<p>&#8220;The capacity of Line ll would be 0.90 million tonne per annum capacity and is proposed to be established at a cost of Rs 130 crore. Upon commissioning, the cement manufacturing capacity of the Haridaspur grinding unit would increase to 1.80 million tonne per annum,&#8221; it added.<\/p>\n<p>On the demand outlook, it said the business environment continues to be uncertain due to the rapidly changing economic environment in view of the geopolitical situation across the globe.<\/p><div class=\"trade-content-10\" id=\"trade-2194402338\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;This has put a strain on the fuel cost. Usually, the short-term visibility of the business prospects is more clear, but this time it is the other way around. This situation may continue for few more quarters considering the prevailing uncertainties, however the long-term prospects continue to be promising,&#8221; it said.<\/p>\n<p>Shares of The Ramco Cements on Wednesday settled at Rs 705 apiece on BSE, down 4.56 per cent from the previous close. PTI KRH KRH ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-926423374\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Ramco Cements on Wednesday reported 99.28 per cent decline in consolidated net profit at Rs 3.71 crore for September quarter 2022-23 on on account of sharp rise in fuel prices and weak cement rates. The company had logged a net profit of Rs 516.77 crore in July-September period a year ago, The Ramco Cements [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-72254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Ramco Cements Q2 Results: Consolidated net profit down 99% - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-ramco-cements-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ramco Cements Q2 Results: Consolidated net profit down 99%\" \/>\n<meta property=\"og:description\" content=\"The Ramco Cements on Wednesday reported 99.28 per cent decline in consolidated net profit at Rs 3.71 crore for September quarter 2022-23 on on account of sharp rise in fuel prices and weak cement rates. 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