The Ramco Cements NSE 3.86 % on 19.06.2020 Friday revealed 13.17 percent decrease in solidified net benefit at Rs 142.90 crore for the final quarter finished on March 31, 2020, fundamentally affected by coronavirus-initiated lockdown.
The organization had posted a net benefit of Rs 164.58 crore during the January-March quarter of 2018-19, The Ramco Cements said in an administrative recording.
All out income of the organization was down 9.17 percent to Rs 1,403.90 crore during the quarter under survey as against Rs 1,545.77 crore in the comparing time of past financial.
Taking into account the lockdown pronounced the nation over by the focal/state governments due to COVID-19 pandemic during the second 50% of March 2020, the organization’s tasks at all areas were unfavorably affected, the organization said.
Absolute costs remained at Rs 1,218.69 crore in final quarter of 2019-20, down 6.38 percent, as against Rs 1,301.85 crore in year-prior period.
During the quarter, concrete deal volume was down 10.98 percent to 29.32 lakh tons as against 32.94 lakh tones.
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