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

India Cements 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, India Cements 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. India Cements 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.

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