India Cements Q2 net dips 40% at Rs134 cr

Mumbai: India Cements today said its net profit fell by 39.69% to Rs134.27 crore for the second quarter ended 30 September.

The cement maker had a net profit of Rs222.65 crore in the same quarter last fiscal, India Cements Ltd said in a filing to the Bombay Stock Exchange.

Total income rose to Rs1,096.59 crore for the quarter under review from Rs891.35 crore a year-ago.

For the six months ended 30 September, India Cement posted a net profit of Rs276.41 crore, against Rs406.05 crore in the same period last fiscal, down by 32%.

While, net sales rose to Rs2,063.67 crore for the six months ended 30 September, from Rs1,721.83 crore in the same period a year ago.

Shares of the company were trading at Rs80.75, up 7.45% in afternoon trade on the BSE.

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