Chettinad Cement Corp net up by 30 per cent for September quarter

Chettinad Cement Corp net up by 30 per cent for September quarter
Published: 23 October 2009

Chettinad Cement Corporation announced a substantial rise in standalone net profit for the quarter ended September 2009. During the quarter, the profit of the company rose 30.24 per cent to INR 444.90m from INR341.60m in the same quarter previous year.

Net sales for the quarter for the quarter rose 29.94% to INR3647.40m, while total income for the quarter rose 30.25 per cent to INR3665.20m, when compared with the prior year period. It reported earnings of INR15.08 a share during the quarter, registering 2.63 times growth over previous year period.



During the quarter, the operating margin of the company rose by 596.37 basis points to 41.36 per cent compared with the previous year period. Interest cost increased 77.86 per cent to INR 226.60m while depreciation cost rose 8.13 per cent to INR642.50m over previous year period.