1. India Cements Q3 profit at Rs 5.46 crore

India Cements Q3 profit at Rs 5.46 crore

India Cements has reported a profit of Rs 5.46 crore for the quarter ended December, as compared to a loss of Rs 11.68 crore in the same quarter last fiscal.

By: | Chennai | Published: February 11, 2016 1:12 AM

India Cements has reported a profit of Rs 5.46 crore for the quarter ended December, as compared to a loss of Rs 11.68 crore in the same quarter last fiscal.

The company attributed the turnaround in Q3 to its ability to reduce variable costs as well as register better net realisation. In Q2, the company had reported a profit of R41 crore owing to better capacity utilisation.

Hit hard by the floods during November-end and early December in Tamil Nadu, the company lost sales of nearly 2 lakh tonne, said N Srinivasan, vice-chairman and MD, India Cements.

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