Mangalam Cement Jul-Sep net profit down 20%

Mangalam Cement Jul-Sep net profit down 20%
Published: 21 October 2008

Mangalam Cement’s net profit declined 20 per cent to Rs 22.3 crore in the quarter ended September 2008 from Rs 27.80 crore year ago.

While the expenditure has gone up by 18 per cent from Rs 93.67 crore to Rs 110.75 crore YoY, Mangalam recorded 11 per cent dip in profit before tax and depreciation at Rs 35.94 crore from Rs 40.82 crore recorded in the same quarter last year.

The company registered a growth in net sales of 6 per cent from Rs 133.48 crore to Rs 140.84 crore YoY.

Interestingly, while the cash earning per share dipped by eight per cent YoY from 11.14 to 10.24, it has escalated by 17 per cent QoQ from 8.73 per cent quarter ended June.