Mangalam Cement has declared its first quarter results. The company’s Q1 net profit is up at Rs 20.4 crore (Rs 204m) versus Rs 7 crore (Rs 70m).
MD of the company KC Jain says that the number of despatches have fallen on account of power cuts.
He says that realisations are high on YoY and QoQ basis. According to him, the impact of customs duty cut, recently announced, will only be felt in coastal areas.