Shares of Ramco Cements fell over 3% following disappointing Q2 earnings, with a consolidated net profit decline of 31% quarter-on-quarter and 64% year-on-year, totaling Rs 25.7 crore. Revenue also dropped by 2.3% sequentially and 12.7% annually to Rs 2,044 crore, attributed to a 10% decrease in cement prices and a 3% dip in sales volume due to weak demand during the monsoon season. Year-to-date, the stock has underperformed the Nifty 50, declining 13% while the index rose over 9%.
