Madras Cements has reported a marginal increase in net profit at Rs.132.89 crore in the second quarter ended September 30, 2012, against Rs.123.01 crore in the corresponding period in the previous year.
Total income from operations too has increased only marginally to Rs.1,005.69 crore from Rs.995.27 crore, according to a company release.
In the six months ended September 30, 2012, the company made a net profit of Rs. 255.90 crore against Rs.209.18 crore, a growth of 22 per cent.
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Total income from operations has increased to Rs.2,000.96 crore from Rs.1,593.90 crore, a growth of 25.5 per cent.
The board has approved an interim dividend of Re.1 per share for 2012-13, the record date being November 12.
For the six months ended September 30, 2012, sale of cement, including self-consumption and exports, has increased to 41 lakh tonnes from 36 lakh tonnes in the corresponding period of the previous year, an increase of 16 per cent.
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The wind farm division has generated 2,758 lakh units against 2,410 lakh units. Income from the division was Rs.95.04 crore against Rs.81.78 crores.
The Competition Commission of India (CCI) vide its order dated June 20, 2012, has imposed a penalty of Rs.258.63 crore on the company for alleged cartelisation with select cement manufacturers.
The company has filed an appeal against the order before the Competition Appellate Tribunal and an interim order was passed that no coercive steps should be taken for recovery of penalty, the release added.