Ramco Industries declines on reporting 48% fall in Q3 consolidated net profit
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Ramco Industries is currently trading at Rs. 252.50, down by 19.05 points or 7.02% from its previous closing of Rs. 271.55 on the BSE.
The scrip opened at Rs. 255.30 and has touched a high and low of Rs. 259.65 and Rs. 248.40 respectively. So far 9036 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 366.00 on 26-Jul-2021 and a 52 week low of Rs. 205.00 on 11-Feb-2021.
Last one week high and low of the scrip stood at Rs. 290.00 and Rs. 248.40 respectively. The current market cap of the company is Rs. 2158.78 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 6.70% and 39.27% respectively.
Ramco Industries has reported fall of 44.25% in its net profit at Rs 15.94 crore for the quarter ended December 31, 2021 as compared to Rs 28.59 crore for the same quarter in the previous year. However, total income of the company increased by 3.93% at Rs 271.00 crore for Q3FY22 as compared Rs 260.76 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 47.83% in its net profit at Rs 37.39 crore for the quarter ended December 31, 2021 as compared to Rs 71.67 crore for the same quarter in the previous year. However, total income of the company increased by 11.50% at Rs 340.83 crore for Q3FY22 as compared Rs 305.69 crore for the corresponding quarter previous year.
