India Cements Q3 net profit at Rs 5 cr

India Cements Ltd today posted a standalone net profit of Rs 5.46 crore for the third quarter ended December 31, 2015-16.

It had posted a net loss of Rs 11.68 crore in the October -December quarter of last fiscal, 2014-15, the company said in a BSE filing.

Net sales of the company declined to Rs 929.61 crore during the third quarter of the current fiscal, as against. Rs 1,035.91 crore in the year-ago period.

"Consequent to the hiving off the franchise of IPL, the figures of the current quarter are not comparable with those of the previous quarter/year," India Cements said.
 

The company is primarily engaged in manufacturing and marketing of cement.