India Cements posts 121% rise in Q1 net profit, revenue jumps 37%

India Cements posted a 121 per cent rise in consolidated net profit for the first quarter of the current financial year (Q1FY22) to Rs 43.05 crore as compared to Rs 19.47 crore during the the corresponding period last year.

The company's consolidated revenue from operations during the period under review also saw a spike of 37 per cent from Rs 763.46 crore last year to Rs 1045.25 crore this fiscal. The company's cement production saw an increase of 41 per cent during the Q1FY22 to 1.88 million tons, as against 1.34 million tonnes during the same period last year. Similarly, the