The Ramco Cements falls on reporting reports 32% fall in Q1 consolidated net profit
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The Ramco Cements is currently trading at Rs. 856.20, down by 17.85 points or 2.04% from its previous closing of Rs. 874.05 on the BSE.
The scrip opened at Rs. 874.05 and has touched a high and low of Rs. 878.15 and Rs. 841.40 respectively. So far 30309 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 953.00 on 06-Jul-2023 and a 52 week low of Rs. 634.65 on 10-Nov-2022.
Last one week high and low of the scrip stood at Rs. 897.15 and Rs. 855.80 respectively. The current market cap of the company is Rs. 20095.49 crore.
The promoters holding in the company stood at 42.11%, while Institutions and Non-Institutions held 43.78% and 14.11% respectively.
The Ramco Cements has reported 29.71% fall in its net profit at Rs 78.91 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 112.27 crore for the same quarter in the previous year. However, total income of the company increased by 26.39% at Rs 2248.98 crore for Q1FY24 as compared Rs 1779.39 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 31.92% fall in net profit at Rs 74.36 crore for the first quarter ended June 30, 2023 as compared to Rs 109.23 crore for the same quarter in the previous year. However, total income of the company increased by 26.23% at Rs 2253.95 crore for Q1FY24 as compared Rs 1785.64 crore for the corresponding quarter previous year.
