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Ramco Cements reports a significant drop in sales, revenue, and net profit amid competitive pressures.
Ramco Cements, a South Indian company, saw a 4% drop in cement sales to 5.29 million tonnes and a 10.5% decrease in revenue to $280.1 million in the latest quarter.
Despite cost-cutting measures, the company's net profit fell by 74.5%.
With increased competition and lower cement prices, the company aims to boost its capacity to 30 million tonnes by March 2026.
Sustained profitability and market share gains are crucial for improving the company's stock performance.
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Ramco Cements reporta una caída significativa en ventas, ingresos y ganancias netas en medio de presiones competitivas.