Business

Ramco Industries Q3 profit slides 21%

Ramco Industries Ltd. has posted a 21% contraction in its standalone net profit for the third quarter ended December 2019 to ₹8.48 crore. The company registered a total income of ₹171.46 crore against ₹189.51 crore in the year-earlier period.

During the period under review, the company reported an exceptional gain of ₹1.02 crore from the profit on sale of building against a profit on sale of land of ₹1.35 lakh and profit on sale of shares of ₹2.69 crore for the second quarter.

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Printable version | Feb 19, 2020 6:21:11 AM | https://www.thehindu.com/business/ramco-industries-q3-profit-slides-21/article30686530.ece

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