India Cements Q2 profit down 62% to Rs 23.67 cr

The firm had reported a net profit of Rs 62.41 cr in the July-Sept quarter a year ago

Last Updated : Nov 09 2017 | 2:47 PM IST

India Cements today reported 62.07 per cent decline in its standalone net profit to Rs 23.67 crore for the September quarter of the current fiscal.

It had reported a net profit of Rs 62.41 crore in the July-September quarter a year ago, India Cements informed BSE.

Its total income during the quarter under review was down 3.01 per cent to Rs 1,274.90 crore as against Rs 1,314.44 crore in the corresponding quarter of the last fiscal.

India Cements Q4 standalone net down 32% to Rs 34 cr, yearly profit up 34%

Ramco Cements Q4 net profit declines 26% to Rs 134 crore

ABB India September quarter net profit surges 18% to Rs 83 cr

Firm outlook for cement despite a lean Sept quarter

Another weak quarter

The company's total expenses in the second quarter of the financial year 2017-18 were up 1.30 per cent at Rs 1,238.70 crore as against Rs 1,222.78 crore in the corresponding period of the previous fiscal.

Shares of India Cements were trading 2.25 per cent higher at Rs 179.20 apiece on BSE today.

(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.)

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