 "Cement")
Shares of India Cements have slipped 7% to Rs 90.65 per share on the BSE after the company reported a sharp 94% year-on-year (Y-o-Y) decline in its net profit at Rs 14 million in September quarter (Q2FY19), due to higher input cost. It had a profit of Rs 237 million in the year-ago quarter.
India Cements said the tough cement market conditions in south India arising out of regional imbalances in capacity coupled with a steep increase in the prices of fuel and petroleum products along with depreciation of rupee against dollar all had an impact on the operating
India Cements said the tough cement market conditions in south India arising out of regional imbalances in capacity coupled with a steep increase in the prices of fuel and petroleum products along with depreciation of rupee against dollar all had an impact on the operating
