India: Ramco increases sales by 15% in 1Q16-17

Ramco Cements Ltd has stated that it sold 2.076Mt of cement in domestic and export markets during the first quarter ending on 30 June 2016 compared to 1.813Mt in corresponding quarter last year, which translates to a growth of 14.5 per cent.

The company has earned a net profit of INR1563.6m (US$23.4m) in 1Q16, an increase from INR992.50m in 1Q15. Cement sales improved by about 15 per cent during the first quarter of 2016-17 compared to 1Q15.

Ramco operates eight integrated cement plants and grinding units with a current total production capacity of 16.45Mta. The company is the fifth-largest cement producer in India.