Ramco Cements Q1FY24 Results: Consolidated PAT Drops to Rs. 74.41 Cr

Ramco Cements Q1FY24 Results: Consolidated PAT Drops to Rs. 74.41 Cr

Ramco Cements Q1 results show revenue fell from 2,583.57 crores to 2,253.95 crores, a 12.76% decrease in growth. EPS down from ₹6.60 to ₹3.26, down by 50.61%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Ramco Cements shared its Q1 results on Monday. They earned 2,253.95 crores in revenue this quarter, but that’s less than the 2,583.57 crores they made last quarter. Unfortunately, the company’s growth decreased by 12.76 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 74.41 crores, down from 150.86 crores in the previous quarter. Their quarter-to-quarter growth decreased by 50.68 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹3.26, which is a decrease of 50.61% from the ₹6.60 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2,253.95 crores this year (2023), which is 26.23 percent higher than last year’s total revenue of 1,785.64 crores.

This year’s PAT (Profit After Tax) is 74.41 crores, which is also 31.75% lower than last year’s PAT of 109.02 crores.

The EPS (Earnings Per Share) for this year is ₹3.26, which is 31.66% less than the EPS of ₹4.77 earned last year.

Also Read: India Cements Q1FY24 Results: Consolidated Loss of Rs. 87.40 Cr

Ramco Cements Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Ramco Cements:

The Ramco Cements Limited, a division of the Ramco Group, is based in Chennai, India. It operates five integrated cement manufacturing units, six grinding units, and one packing terminal throughout India. In addition to cement, the company is engaged in the production of Ready-Mix Concrete and Dry Mortar products.

Download the Full PDF of Ramco Cements Q1 Results: Click Here

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