The Ramco Cements’ consolidated internet benefit fell 13.2% to Rs 143.08 crore on 9.5% decline in internet gross sales to Rs 1381.74 crore in This autumn March 2020 over This autumn March 2019.
Profit ahead of tax (PBT) stood at Rs 185.21 crore in This autumn FY20, down by way of 24.1% from Rs 243.92 crore in This autumn FY19.
Current tax bills fell 19% within the fourth quarter to Rs 58.91 crore from Rs 72.77 crore in the similar length final 12 months.
The corporate’s internet benefit rose 18.3% to Rs 604.14 crore on 4.4% building up in internet gross sales to Rs 5,285.42 crore within the 12 months ended March 2020 (FY20) over the 12 months ended March 2019 (FY19). PBT used to be at Rs 792.24 crore in FY20, up by way of 10.3% from Rs 718.07 crore in FY19.
In view of the lock-down declared around the nation by way of the Central/State Governments because of COVID-19 pandemic all over 2d part of March 2020, the corporate’s operations in any respect places have been adversely impacted. The lock-down because of COVID-19 is constant with sure relaxations in FY 2020-21 and the corporate is constant its operations with decrease call for.
The corporate expects the call for for cement to get again to its standard ranges, in line with additional relaxations that might be introduced by way of the federal government, all through time.
“As per the current assessment of the company, there is no material impact on the carrying values of trade receivables, inventories and other financial or non-financial assets as at the reporting date. The company continues to closely monitor the developments in economic conditions and assess its impact”, the cement maker mentioned.
The Ramco Cements (TRCL) is a cement producer and markets its merchandise beneath the Ramco emblem.
Shares of Ramco Cements rose 3.82% to Rs 644.70 on Friday.
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