The Ramco Cements Ltd on Thursday reported a 50.82 per cent decline in its consolidated net profit to Rs 36.57 crore in the June 2024 quarter due to a fall in cement prices and weak demand amid the Lok Sabha polls.
The company posted a net profit of Rs 74.36 crore during the April-June quarter of the previous fiscal, The Ramco Cements said in a regulatory filing.
Its revenue from operations fell 6.81 per cent to Rs 2,093.55 crore during the quarter under review against Rs 2,246.66 crore a year ago.
The decline in net revenue for the Q1 FY25 is "due to drop in cement prices by around 8 per cent", a company's earning statement said.
Moreover, the cost of raw materials "increased by 9 per cent YoY (Year-on-Year) from Rs 911 to Rs 990 per tonne for the current year due to inflationary impact on procurement cost", it added.
Its total expenses in the June quarter were Rs 2,054.11 crore, down 4.3 per cent.
"During Q1 FY25, the sale volume is 4.36 million tonnes, compared to 4.30 million
