India Cements back in black

BS 200 SCORECARD

India Cements announced a net profit of Rs 5.21 crore in the first quarter of 2005-06 against a net loss of Rs 18.10 in the corresponding quarter of the previous year.

The governing board today approved the issue of global depository shares/other securities up to a maximum value of $115 million, subject to other approvals. Net sales in the first quarter of 2005-06 stood at Rs 462.09 crore, a rise of 48.03 per cent over the previous year's Rs 312.14 crore.