Rain Commodities' Q1 net declines 27.6%

Rain Commodities Ltd, primarily engaged in the manufacturing and sale of cement, posted 27.58 per cent decline in net profit at Rs 32.11 crore in the first quarter of the current financial year as compared to Rs 44.34 crore in the corresponding quarter of the previous year.

Gross sales of the company also fell marginally by 13.55 per cent to Rs 247.41 crore from Rs 286.19 crore in the period under consideration.