India Cements net profit rises 244% YoY to Rs 72 cr in Q1, revenue 8%

India Cements' EBIDTA increased by more than 50% when compared with the same quarter of the previous year

India Cements reported a profit of Rs 72.21 crore for the quarter ended June 30, 2019 (Q1FY20), as against Rs 21.03 crore during the same quarter last year, an increase of around 244 per cent.

Revenue for the quarter under review rose to Rs 1,468.80 crore up by 8 per cent from Rs 1,360.65 crore reported in the corresponding period of the last year.

The company reported significant  improvement  in its operating performance for Q1FY20 on the back of improved selling price and sustained efforts of cost reduction. The EBIDTA of the company increased by more than 50% when compared