Ramco Industries reports 14% rise in Q1 consolidated net profit

Ramco Industries has reported results for first quarter ended June 30, 2022.

Ramco Industries
Ramco Industries

The company has reported a fall of 29.82% in its net profit at Rs 40.06 crore for the quarter under review as compared to Rs 57.08 crore for the same quarter in the previous year. However, total income of the company increased by 14.37% at Rs 452.24 crore for Q1FY23 as compared Rs 395.42 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 14.22% in its net profit at Rs 48.26 crore for the quarter under review as compared to Rs 42.25 crore for the same quarter in the previous year. Total income of the company increased by 19.34% at Rs 501.56 crore for Q1FY23 as compared Rs 420.29 crore for the corresponding quarter previous year.

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