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Ramco Industries Ltd Q1FY24; 34% fall in Profits

Part of the Chennai-based Ramco Group; Ramco Industries Ltd. is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). Company is also engaged in the spinning of cotton yarn; sale of surplus electricity generated from its windmills and computer software.

Financial Results:

Ramco Industries Ltd reported Revenues for Q1FY24 of ₹487.00 Crores down from ₹497.00 Crore year on year, a fall of 2.01%.

Total Expenses for Q1FY24 of ₹448.00 Crores up from ₹433.00 Crores year on year, a rise of 3.46%.

Consolidated Net Profit of ₹40.00 Crores down 34.43% from ₹61.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.56, down 34.86% from ₹7.00 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Diversified
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