Ramco Cements’ net profit has jumped 28 per cent for the third quarter of the current year as compared with the corresponding quarter previously.
Tight control on costs and interest outgo, managing fuel inventory to insulate against price fluctuations have contributed to the performance, said AV Dharmakrishnan, CEO, Ramco Cements.
The cement maker has reported a net profit of ₹151.88 crore (₹118.33 crore) on a net revenue of ₹964.74 crore (₹820.42 crore) for the quarter ended December 31, 2016. Interest outgo dropped to ₹26 crore (₹42 crore).
The company has reduced its borrowings by ₹ 30 crore through internal accruals as of February continuing its focus on debt reduction since last year. It has also built up adequate stocks of coal and pet coke to protect the company from the impact of spiralling prices, he said.