The Ramco Cements net profit down 51 percent to rs 36.57 crore in Q1 FY 25

The Ramco Cements Ltd on Thursday reported a 50.82 per cent decline in its consolidated net profit to Rs 36.57 crore in June 2024 quarter due to a fall in cement prices and weak demand amid the Lok Sabha polls. The company posted a net profit of rs. 74.36 crore during the April-June  quarter of the previous fiscal, The Ramco Cements said in a  regulatory filing. Its revenue from operations fell 6.81 per cent to Rs 2,093.55 crore during the quarter under review against Rs 2,246.66 crore a year ago. Its total expenses in the June quarter were Rs 2,054.11 crore, down 4.3 per cent. In the first quarter of FY25, the company has incurred Rs 281 crore In the first quarter of FY25, the company has incurred Rs 281 crore is estimated to be at Rs 1,200 crore, including maintenance capex, it said. The net debt of the company is Rs 4,975 crore as of June 30, 2024. Shares of The Ramco Cements Ltd settled 1.48 per cent lower at Rs 800.20 apiece on the BSE.

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