India’s Ramco Cements misses Q1 profit view as costs outweigh demand – ET Infra

[ad_1] BENGALURU: India‘s Ramco Cements on Monday missed first-quarter profit estimates, as mounting costs outpaced resilient demand. Net profit after tax fell 29.7% to 789.1 million rupees ($9.5 million) for the quarter ended June 30, far below analysts’ estimate of 1.29 billion rupees as per Refinitiv data. Many Indian cement makers have been battling higher […]

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