Ramco Cements has reported results for the second quarter ended September 30, 2013.
The company has reported 86.25% fall in its net profit at Rs 18.27 crore for the quarter as compared to Rs 132.89 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 7.42% at Rs 922.91 crore for quarter under review as compared to Rs 996.94 crore for the quarter ended September 30, 2012.
Ramco Cements formally known as Madras Cements (MCL) was established in 1957, is part of Ramco Group, a well known business group of South India. It is based at Chennai. The company is the fifth largest cement producer in the country. Ramco Supergrade is the most popular cement brand in South India