India Cements December net falls by 38%?

India Cements December net falls by 38%?
Published: 28 February 2011

India Cements reported a steep drop in standalone net profit for the quarter ended December 2010.

 During the quarter, the profit of the company declined 38.30% to INR 214.70m from INR 348.00m in the same quarter last year.

The company’s net sales for the quarter declined 9.62% to INR 7810m, while total income for the quarter fell 9.18% to INR 7848.20m, when compared with the prior year period.