India Cements Ltd’s July-September net profit rose 90 per cent to Rs 222.65 crore compared with Rs 117.32 crore in the same quarter of the previous year.
Total income for the September quarter increased by 52 per cent to Rs 896.09 crore, against Rs 591.50 crore in the same period year ago.
However, the accounts for the quarter have been prepared after taking into account the transactions of Visaka Cement Industry Ltd and therefore not comparable with the corresponding figures of previous period.
At 12:56 pm, India Cement shares were up 4.95 per cent at Rs 282 on BSE. The stock had surged 7.37 per cent to Rs 288.30 earlier today.