India Cements Q1 net drops 20% to Rs 210.3 mn, total income at Rs 13 bn

The variable cost was also higher by five per cent during the quarter, owing to the higher fuel price and petroleum products prices

India Cements net profit has declined 20.4 per cent to Rs210.3 million during the quarter ended June 30, 2018, as compared to Rs264.4 million during the same quarter of the previous year. Total income for the quarter stood at Rs13.66 billion, a decline of 6.82 per cent from Rs14.66 billion during the same quarter last year.

The steep drop in Net Plant Realisation (NPR) by nearly nine per cent, when compared to the same quarter of the previous year, meant a bottomline impact of nearly Rs1.04 billion for the quarter, said N Srinivasan, vice-chairman and MD of India Cements.