Ramco Cements Net Up 55%

Ramco Cements Q2 Results Show a 55% Jump In Net Profits

Chennai Based Cement Major Ramco Cements Limited has posted its September 2015 Quarter results which shows excellent performance riding on an efficient performance coupled with some good cost controls.

The company has reported a net profit of ₹138.72 crore for the quarter ended September 30, 2015 as against ₹89.71 crore for the corresponding quarter a year ago.
Total revenue stood at ₹893.92 crore for the quarter ended September 30, 2015 as against ₹953.83 crore for the corresponding quarter a year ago.
Cement sales was reported at 17.11 lakh tonnes as against 19.43 lakh tonnes for the corresponding quarter a year ago.

In related figures,
Finance costs dropped to ₹45.26 crore for the quarter ended September 30, 2015 as against ₹47.99 crore for the corresponding quarter a year ago.
Power and fuel costs dropped to ₹135.77 crore for the quarter ended September 30, 2015 as against ₹185.19 crore for the corresponding quarter a year ago.
Transportation and handling costs dropped to ₹155.60 crore for the quarter ended September 30, 2015 as against ₹202.73 crore for the corresponding quarter a year ago.

Andhra Cements Posts Loss

Andhra Cements Part of the Jaypee Group Posts Net Loss of Rs.19 Crore in Q2

Andhra Cement's net loss stood at Rs.19.82 crore for the quarter ended September 30, against a net loss of Rs.4.89 crore in the same period a year ago.
Total standalone income stood at Rs.110.65 crore for the quarter ended September 30, against a  standalone income of Rs.0 crore in the same period a year ago.

Andhra Cements has two cement plants, located in Vishakapatnam and Dachepalli with a combined installed capacity of 1.4 MPTA. Its major markets include Andhra Pradesh, Tamilnadu, Orissa and Karnataka.

Andhra Cements is part of the Jaypee Group, a diversified industrial conglomerate with an annual turnover of around Rs. 25000 crores. The Jaypee Group, has interests in the Engineering & Construction sector, with a substantial interest in Cement, Hydro Power, Thermal Power, Wind Power, Expressways & Highways, Hospitality & Tourism, Real Estate, Hospitals, Minerals & Mining, Transmission, Information Technology and Education.