Economy & Market

Ramco Cements net soars

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Ramco Cements? quarterly profits rose 274 per cent to Rs 93.42 crore from Rs 24.99 crore on the back of better cost management and stable cement prices. Revenues grew marginally by 1.2 per cent to Rs 999.19 crore. For the fiscal ended March 2015, the company has achieved profits of Rs 242.35 crore, up 76 per cent on revenues of Rs 3,731.77 crore. The company sold 18.8 lakh tonne of cement during the quarter ended March 2015, down from 22.47 lakh tonne it sold in the corresponding quarter last year.

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