India Cements Q4 profit up 24% at Rs 44 crore on improved prices

Capacity utilisation improved to 84 per cent in Q4 from 79 per cent in the same period previous year

India Cements Ltd reported a profit of Rs 43.85 crore during the fourth quarter ended March 31, 2019 (Q4), compared to Rs 35.27 crore in the year ago period, aided by the improved selling prices for cement and increased volumes. Total revenue also increased to Rs 1,581.38 crore from Rs 1401.73 crore.

The increase in Net Plant Realisation (NPR), along with improved volumes, resulted in a higher Ebidta of Rs 210 crore in Q4, compared to Rs 162 crore in the same quarter of the previous year, said N Srinivasan, vice chairman and managing director, India Cements.

Capacity utilisation improved