India's Ramco Cements slips on Q3 profit drop

Ramco Cements

07/02/2025 05:34

** Ramco Cements  TRCE.NS  falls 3% to 857 rupees
    ** Co's Q3 profit before exceptional items and tax drops to
43.5 mln rupees ($497,683) from 1.35 bln rupees a year ago; rev
from ops down 6% y/y
    ** Co incurs one-time gain of 3.29 bln rupees from sale of
surplus land and investments in Q3
    ** TRCE hurt by low cement prices in the reported quarter
    ** Ambit Capital Research says co's market share loss to be
of concern if it does not manage to achieve higher blended sales
    ** More than 788,000 shares traded, 2x the 30-day avg

($1 = 87.4050 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))