Ramco Cements consolidated revenue rose to Rs 1,332 crore in Sep quarter

Ramco's total borrowings as on September 30 stood at Rs 2,441 crore, including current maturities of Rs 287 crore

Ramco Cements, the fifth largest cement producer in India, said on Wednesday its consolidated revenue in the second quarter of current financial year moved up to Rs 1,332 crore from Rs 1,196 crore in the corresponding period of last year.

The profit after tax too moved up to Rs 172 crore from Rs 120 crore despite finance costs going up to Rs 15 crore from Rs 13 crore in the same period. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 308 crore in Q2 FY20 from Rs 259 crore in Q2 FY19.

Ramco sold 27.24 lakh tonnes of cement during July to September compared to 24.69 lakh tonnes in the same period of last year.

"The company is making continuous efforts to optimise the supply chain efficiency," it said in a statement. "It has been constantly focussing on various cost reduction initiatives and improving productivity while maintaining the highest quality standards."

Ramco said the second unit cement grinding plant at Kolaghat in West Bengal started commercial production last month, doubling the capacity to two million tonnes per annum. The remaining on-going capacity expansion programme is progressing as per schedule but for the delays due to extended monsoon.

The company has so far incurred Rs 1,430 crore for the capacity expansion programme. It plans to meet the capital expenditure partly through internal accruals and partly through borrowings.

Ramco's total borrowings as on September 30 stood at Rs 2,441 crore, including current maturities of Rs 287 crore.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel