{"id":88732,"date":"2023-02-07T18:35:00","date_gmt":"2023-02-07T13:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=88732"},"modified":"2023-02-07T18:31:15","modified_gmt":"2023-02-07T13:01:15","slug":"biz-results-ramco-cements-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-ramco-cements-3\/","title":{"rendered":"The Ramco Cements Q3 Results: Consolidated profit down 31.9% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2331436624\"><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 Tuesday reported a 31.93 per cent decline in consolidated net profit to Rs 51.21 crore for the third quarter that ended on December 31, 2022, on account of a rise in fuel prices.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3569270013\"><!-- 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><p>The company had reported a net profit of Rs 75.24 crore in the October-December period a year ago, The Ramco Cements said in a regulatory filing.<\/p><p>However, its total income was up 29.61 per cent to Rs 2,020.37 crore as against Rs 1,558.69 crore in the corresponding period of the previous fiscal year. This increase was led by growth in sales volume.<\/p><p>&#8220;During Q3 of FY23, the sale of cement is 3.57 million tonnes, compared to 3.01 million tonnes in the Q3 of FY22 with a growth of 19 per cent,&#8221; the company said in its earning statement.<\/p><div class=\"trade-content_5\" id=\"trade-3454058731\"><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><p>According to the company, despite an improvement in the average price of cement during the quarter, it could not cover the cost increase since the pet coke\/coal prices remain at elevated levels.<\/p><p>Total expenses in the quarter were Rs 1,925.61 crore, up 32.94 per cent from the year-ago period.<\/p><p>On the demand outlook, it said the current demand for cement is good.<\/p><p>&#8220;The cement demand in the medium term is also encouraging in view of promising factors like a good monsoon, water levels in reservoirs, focus on infra spend by the government and upcoming elections,&#8221; it said.<\/p><p>Shares of The Ramco Cements on Tuesday settled at Rs 701.10 apiece on BSE, up 2.57 per cent from the previous close. PTI KRH MR<\/p><div class=\"trade-after-content\" id=\"trade-1935431742\"><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 Tuesday reported a 31.93 per cent decline in consolidated net profit to Rs 51.21 crore for the third quarter that ended on December 31, 2022, on account of a rise in fuel prices. The company had reported a net profit of Rs 75.24 crore in the October-December period a year ago, [&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-88732","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 Q3 Results: Consolidated profit down 31.9% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Ramco Cements on Tuesday reported a 31.93 per cent decline in consolidated net profit to Rs 51.21 crore for the third quarter that ended on December 31, 2022, on account of a rise in fuel prices.\" \/>\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-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ramco Cements Q3 Results: Consolidated profit down 31.9% YoY\" \/>\n<meta property=\"og:description\" content=\"The Ramco Cements on Tuesday reported a 31.93 per cent decline in consolidated net profit to Rs 51.21 crore for the third quarter that ended on December 31, 2022, on account of a rise in fuel prices.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-results-ramco-cements-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-07T13:05:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Ambuja-cements-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Ambuja-cements-1-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-ramco-cements-3\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-results-ramco-cements-3\/\",\"name\":\"The Ramco Cements Q3 Results: Consolidated profit down 31.9% YoY - 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