India Cements Q2 net at Rs 71.43 cr while revenue drops to Rs 1,069.72 cr

Cement prices which started improving from the month of April'20 sustained during the second quarter under review with only marginal aberrations in some of the southern states

India Cements' profit rose to Rs 71.43 crore during the second quarter from Rs 8.72 crore, a year ago, while revenue dropped to Rs 1,069.72 crore from Rs 1,245.72 crore, a drop of 14 per cent.

The drop in volume by 21 per cent year on year meant a loss of more than Rs 68 crore in contribution but on the back of improved realisation and with the reduction in overall expenditure, the EBIDTA was substantially improved to Rs 240 crore as compared to Rs 150 crore in the previous year, an increase of 60%. On QoQ basis also the EBIDTA