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India Cements posts Rs 5 crore profit in Q2 FY20

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The company had posted a net loss of Rs 5.03 crore for July-September period a year ago, India Cements said in a BSE filing.

India Cements on Monday posted a consolidated net profit of Rs 5.07 crore for the second quarter ended September 30, 2019.

The company had posted a net loss of Rs 5.03 crore for July-September period a year ago, India Cements said in a BSE filing.

Revenue from operations was down 11.20 per cent to Rs 1,269.40 crore during the quarter under review as against Rs 1,429.57 crore in the year-ago period.

Total expenses stood at Rs 1,271.02 crore during the quarter as against Rs 1,439.27 crore in the same period a year ago.

Shares of India Cements were trading at Rs 84.35 apiece on the BSE, down 1 per cent from the previous close. 

Source: PTI

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