The Ramco Cements Q1 net profit down 33.56% at Rs 112.27 cr
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The company reported standalone net profit of Rs 112.27 crore for the quarter ended June 30, 2022 as compared to Rs 168.98 crore in the same period last year, registering a year-on-year decline of 33.56 per cent. Net revenue of the company rose substantially by 45.17 per cent at Rs 1,749.45 crore in April-June quarter of this fiscal as against Rs 1,205.08 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 70.22 per cent to Rs 1,471.83 crore from Rs 864.66 crore in year ago period. Other Income grew by 15.00 per cent at Rs 6.90 crore versus (Jun'21 Rs 6.00 crore).
Operating Profit slipped by 17.40 per cent to Rs 300.66 crore as against Rs 364.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.10 per cent in June quarter. Interest grew by 95.39 per cent y-o-y to Rs 47.48 crore, while Taxation decreased by 48.93 per cent at Rs 41.43 crore (Jun'21 Rs 81.12 crore).
