Business Standard

India Cements Q3 net dips 76% to Rs 16 cr on rain, Covid disruption

The company's revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore

cements
Premium

Representative image

BS Reporter Chennai
Chennai-based cement major India Cements saw a 76 per cent dip in consolidated net profit during the third quarter of the financial year 2021-22 to Rs 16 crore, as compared to Rs 68 crore during the same period last fiscal due to the impact of Covid and the heavy rains in South India on the sector.

The company's revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore, as compared to Rs 1,185 crore during the Q3 of 2020-21. "There were challenges like Omicorn and also flood in South India. We were

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 11 2022 | 3:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com