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India Cements Q4 net loss at Rs 11.76 cr; revenue down 26% to Rs 1,176 cr

Shares of India Cements on Wednesday were trading at Rs 128.00 on BSE, down 2.81 per cent from the previous close

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India Cements | India Cements Q4 results | Q4 Results

Press Trust of India  |  New Delhi 

India Cements
Illustration: Ajay Mohanty

Ltd on Wednesday reported a consolidated net loss of Rs 11.76 crore for the fourth quarter ended March 31, 2020.

The company had posted a net profit of Rs 32.57 crore during the January-March quarter of 2018-19 financial year, said in a regulatory filing.

Its revenue from operations was down 26.62 per cent to Rs 1,176.40 crore during the quarter under review, as against Rs 1,603.36 crore in the year-ago period. total expenses were at Rs 1,253.09 crore in the fourth quarter, down 20.48 per cent as against Rs 1,575.82 crore.

ALSO READ: India Cements posts Rs 5.37 cr standalone loss in Q3 on poor demand

However, for the fiscal year 2019-20, the net profit was up two folds to Rs 53.46 crore. It was Rs 25.26 crore in the previous year.

Its revenue from operations in fiscal year 2019-20 was Rs 5,186.45 crore, down 10.11 per cent. It was Rs 5,770.37 crore in 2018-19. Meanwhile, in a separate filing India Cements said its board in a meeting held on Wednesday has recommended a dividend of Re 0.60 per share for the year ended March 31, 2020.

Shares of India Cements on Wednesday were trading at Rs 128.00 on BSE, down 2.81 per cent from the previous close.

First Published: Wed, June 24 2020. 15:05 IST
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