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India Cements Q2 net jumps to Rs. 41.04 cr

The-India-Cements, Financial Results , shares rise, stock market

Chennai: India Cements has reported an over five—fold jump in its net profit at Rs. 41.04 crore for the second quarter ended September 30, 2015.

The company had registered a net profit of Rs. 7.49 crore during the same period last year, India Cements Ltd said in a statement.

For the six—month period ended September 30, net profit soared to Rs. 81.14 crore from Rs. 4.53 crore registered during the corresponding period of the previous year.

Total income from operations for the July—September period marginally slipped to Rs. 1,082.37 crore as against Rs. 1,135.71 crore registered in the same period last year.

For the half—year period, total income from operations declined to Rs. 2,157.82 crore from Rs. 2,370.53 crore registered during the corresponding six months of the previous year.

Shares of the company were trading at Rs. 83.70 a piece, up by 6.90 per cent over the previous close on the BSE.

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