Ramco Industries sees rise in net profit

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

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Ramco Industries Ltd, a part of the diversified conglomerate Ramco Group, has recorded a 59.4 percent rise in the net profit of Rs 22.56 crore for the fourth quarter ending March 31, 2018.

The city-based firm, engaged in manufacturing fibre cement sheets, pressure pipes clocked a net profit of Rs 14.15 crore during the corresponding period last year.

For the entire year ending March 31, 2018, the net profits grew to Rs 72.05 crore from Rs 59.88 crore registered last year. The total income for the fourth quarter ending March 31 stood at Rs 223.79 crore as against Rs 218.61 crore during the same period last year.

For the year ending March 31, the income went upto Rs 866.95 crore from Rs 828.68 crore registered a year ago. The board of directors has recommended a dividend of Rs 0.50 per equity share of face value of Re 1 each for the financial year 2017-18.