Industry

India Cements reports 13-fold spike in Q2 net profit at ₹69.21 cr

India Cements vice chairman and Managing Director N. Srinivasan. File   | Photo Credit: R. Ragu

India Cements on Friday reported over 13-fold increase in its consolidated net profit at ₹69.21 crore for the September quarter of the current fiscal helped by lower expenses.

It had reported a net profit of ₹5.07 crore in the July-September quarter a year ago.

Its total income during the quarter under review, however, declined 14.18% to ₹1,094.58 crore as against ₹1,275.44 crore in the corresponding quarter of the last fiscal, India Cements said in a BSE filing.

The company’s total expenses in the second quarter of the current financial year were down 22.83% at ₹980.83 crore as against ₹1,271.02 crore in the corresponding period of the previous fiscal.

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Printable version | Jan 24, 2021 5:08:08 AM | https://www.thehindu.com/business/Industry/india-cements-reports-13-fold-spike-in-q2-net-profit-at-6921-cr/article33037871.ece

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