Q4FY17 Results: Ramco Cements Ltd
Amir Shaikh / 30 May 2017
The Ramco Cements reported its results for the quarter ended March 31, 2017 on Tuesday.
The Ramco Cements reported its results for the quarter ended March 31, 2017 on Tuesday.
Total sales for this quarter, Q4FY17, came in at Rs. 1013.2 crore. This represents 8.9 per cent sequential increase and 5.4 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 173.2 crore and the EBIT margin stood at 17.1 per cent.
It reported PAT of Rs. 134.5 crore which represents a sequential QoQ decline of 11.5 per cent and a YoY decline of 26.3 per cent.
During FY17, the sale of cement was at 83.48 lakh tonnes, compared to 71.99 lakh tonnes of FY16. The company continued to focus on cost reduction measures and reduced the operating cost.
The board has recommended a dividend of Rs. 3 per equity share (Face Value: Rs. 1)
Today, the stock opened at Rs. 685.20 and touched intra-day high and low of Rs. 686.60 and Rs. 669.05 respectively on the BSE.
The Ramco Cements is the flagship company of Ramco Group. The main product of the company is Portland cement. It also produces ready mix concrete and dry mortar products and operates wind farms in the country.
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