India Cements clocks Rs 58.47 crore profit in April-June; revenue declines 28.5%

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Times of India 7h ago

India Cements clocks Rs 58.47 crore profit in April-June; revenue declines 28.5% - Times of India

Quick Summary:

India Business News: NEW DELHI: India Cements Ltd on Friday reported a consolidated net profit of Rs 58.

The interest and other charges were higher at Rs 82 crore against Rs 58 crore while depreciation was up at Rs 55 crore against Rs 53 crores and the resultant loss before extra-ordinary item was at Rs 160 crore against a loss of Rs 99 crore," it said.

The Chennai-based company sold its grinding unit at Parli, Maharashtra in April and included the gain of Rs 240.68 crore from the sold unit as an exceptional item in the quarterly profit.