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Ramco Cements declines on reporting 45% fall in Q4 consolidated net profit
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The Ramco Cements is currently trading at Rs. 653.90, down by 25.40 points or 3.74% from its previous closing of Rs. 679.30 on the BSE.
The scrip opened at Rs. 670.00 and has touched a high and low of Rs. 679.20 and Rs. 652.00 respectively. So far 21167 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1130.95 on 20-Jul-2021 and a 52 week low of Rs. 652.00 on 24-May-2022.
Last one week high and low of the scrip stood at Rs. 705.20 and Rs. 652.00 respectively. The current market cap of the company is Rs. 15551.58 crore.
The promoters holding in the company stood at 42.33%, while Institutions and Non-Institutions held 43.65% and 14.03% respectively.
Ramco Cements has reported results for fourth quarter and year ended March 31, 2022.
The company has reported a fall of 42.12% in its net profit at Rs 124.07 crore for the quarter under review as compared to Rs 214.36 crore for the same quarter in the previous year. However, total income of the company increased by 4.79% at Rs 1,719.04 crore for Q4FY22 as compared Rs 1,640.45 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 45.23% in its net profit at Rs 118.27 crore for the quarter under review as compared to Rs 215.92 crore for the same quarter in the previous year. However, total income of the company increased by 4.94% at Rs 1,722.68 crore for Q4FY22 as compared Rs 1,641.53 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 17.29% in its net profit at Rs 892.70 crore as compared to Rs 761.08 crore for the previous year. Total income of the company increased by 13.34% at Rs 6,010.62 crore for year under review as compared to Rs 5,303.08 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 12.45% in its net profit at Rs 881.95 crore as compared to Rs 784.33 crore for the previous year. Total income of the company increased by 13.35% at Rs 6,031.69 crore for year under review as compared to Rs 5,321.37 crore for year ended March 31, 2021.
