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

Firm's total income during the quarter up 16% to Rs 1,524 cr; board recommends Re 1/share dividend

India Cements Ltd today reported 32.10 per cent decline in its standalone net profit to Rs 34.28 crore for the fourth quarter ended March 31.

It had reported a net profit of Rs 50.49 crore in the January-March quarter a year ago, India Cements informed BSE.

The company's total income during the quarter under review was up 16.12 per cent to Rs 1,524.29 crore as against Rs 1,312.60 crore in the corresponding quarter of the last fiscal.

Its total expenses was up 20.81 per cent to Rs 1,396.55 crore as against Rs 1,155.91 crore.

For the entire 2016-17 fiscal, India Cements' net profit stood at Rs 173.55 crore, up 33.55 per cent, from Rs 129.95 crore in the previous fiscal.

Its total income for the fiscal stood at Rs 5,794.03 crore, up 19.87 per cent, compared to Rs 4,833.53 crore in the previous year.

Meanwhile, in a separate filing, the company informed BSE that its board has recommended a dividend of Re 1 per equity share of Rs 10 each for the financial year 2016-17.