Net sales during the quarter under review declined 6.64 per cent to Rs 419.9 crore as against Rs 449.8 crore in the year ago period.
Total expenses during the period stood at Rs 376.8 crore compared to Rs 438.4 crore in the same period previous fiscal.
The company said markets continued to remain soft in general.
"Primary factors at play being monsoon and shortage of sand/aggregates in ket markets of Uttar Pradesh and Bihar," it added.
The stock was trading 19.98 per cent up at Rs 156.40 on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)