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Ramco Cements’ net profit for the fourth quarter of 2014-15 has more than tripled over the previous comparable quarter on stable cement prices and lower fuel costs resulting in reduction of production and logistics cost.
For the quarter ended March 31, 2015, the company reported a net profit of ₹93.42 crore (₹24.99 crore) on a revenue of ₹999.19 crore (₹987.31 crore).
AV Dharmakrishnan, CEO, Ramco Cements, said housing construction has primarily contributed to sustaining the demand during the quarter. A tight control on costs and better realisation due to lower fuel costs and production cost contributed to the performance. Infrastructure demand is yet to pick up and the company is cautious on the immediate outlook on demand growth, he said.
For the entire year, the company reported a net profit of ₹242.35 crore (₹137.70 crore) on a revenue of ₹3,731 crore (₹3,769.23 crore).
DividendThe Board of Directors has recommended a dividend of ₹1.50 a share on every share of ₹1 for the year.
On the BSE, the company’s shares gained 4 per cent over the previous close to end at ₹323.15 (₹311.70).
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