Chettinad Cement Q2 net dips 32 per cent

Chettinad Cement Q2 net dips 32 per cent
Published: 17 October 2008

Cement manufacturer, Chettinad Cement Corporation on Thursday registered a net profit of Rs 34.18 crore for the second quarter ended September 30, a decline of 32.66 per cent over the corresponding period a year ago.

The company had a net profit of Rs 50.76 crore for the second quarter ended September 30, 2007, Chettinad Cement said in a filing to the Bombay Stock Exchange.

Total income of the company rose to Rs 283.79 crore for the quarter under review, from Rs 234.99 crore in the same period last fiscal.

For the six months ended on September 30, Chettinad Cement reported a 9.4 per cent growth in its net profit at Rs 77.7 crore, against a net profit of Rs 85.8 crore in the corresponding period in FY’08.

Further, total income during the six month ended September 30, rose to Rs 568.32 crore from Rs 434.75 crore in the corresponding period last fiscal.