Deccan Cements Q2 net dips 73% to Rs 2 crore

Deccan Cements Limited, a Hyderabad-based company engaged in cement manufacturing and hydel and wind power generation, has reported a net profit of Rs 2 crore for the second quarter ended September 2012, as compared to Rs 7.33 crore during the same period last year, registering a decline of 72.71%.

Net sales grew 8.62% to Rs 134.18 crore, as compared to Rs 123.53 crore achieved in the corresponding quarter last year.

Deccan Cements’ stock is currently trading at Rs 249.50 on the BSE, down 2.16%, over the previous close of Rs 255 a share.