India Cements slips into red with Rs 171.11 cr loss before tax in Q4

Firm had earned a profit before tax of Rs 62.17 crore a year ago

India Cements has reported a loss before tax of RS 171.11 crore during the fourth quarter of March 2020 as compared to a profit before tax of Rs 62.17 crore a year ago.

Total income dropped 26 per cent to Rs 1,169.92 crore from Rs 1,581.38 crore during same period last year.

The overall volume, including clinker, was lower at 2.65 million tonnes (3.33 million tonnes), down 20 per cent with an impact of Rs 85 crore.

Lower selling prices during the quarter resulted in net plant realisation dwindling by 11 per cent from the same quarter last year, with