India Cements profits boosted
India Cements posted 308.4% YOY growth in its net profit to INR1.02bn for 1QFY2012, primarily on account of higher realisation due to the supply and pricing discipline adopted by cement manufacturers in the southern region. However, India Cements’ dispatches fell by approximately 13% YOY to 2.3MT.
For 1QFY2012, INC registered 20.2% YOY top-line growth to INR10.61bn, primarily due to a substantial 27.6% YOY increase in cement realisation to INR4176/t.
India Cements’ freight cost per tonne increased by 12.7% YOY to INR779 due to higher diesel costs and lead distance. Published under Cement News
