Cement News

Major cement companies report net loss amounting to 40-90% in Q2 on higher costs


Updated: 14 Nov 2022, 11:02 AM IST

TL;DR.

For the September-ending quarter, cement Major Ultratech Cement posted a 42% drop in its consolidated net profit to 755.7 crore from 1,310.3 crore in the same quarter last year. The total expenditure of the company jumped nearly 30% to 12,026 crore in Q2 from 9,302 crore.

Ramco Cements posted a 99.28% YoY drop in its consolidated net profit in Q2 FY23.



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