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India Cements back in black on better realisation

India Cements has swung back to black with a net profit of Rs 37 crore for the fourth quarter, thanks to a series of cost-saving measures and higher per tonne realisation.

India Cements has swung back to black with a net profit of Rs 37 crore for the fourth quarter, thanks to a series of cost-saving measures and higher per tonne realisation. In the corresponding period last year, it had recorded a net loss of Rs 157.12 crore. In Q3 this fiscal, the company had reported a net loss of Rs 12 crore.

Total income was down marginally to Rs 1,043.10 crore against Rs 1,124.67 crore in the same quarter last fiscal due to a sharp decline in total volumes to 21 lakh tonne compared to 26.54 lakh tonne in the same quarter last fiscal.

Addressing a press conference on Friday, N Srinivasan, vice-chairman and managing director, India Cements, said, “The profit in Q4 has been mainly due to a sharp net realisation per tonne to Rs 3,883 compared to Rs 3,057 during the same quarter last fiscal. In Q3, it was Rs 3,707 a tonne.”

“Our EBITDA margin at 19% is much better than my peers given my capacity utilisation of 61% in Q4 as compared to 80% to 90% of others,” Srinivasan pointed out.

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