India Cements net profit falls 30%

India Cements net profit falls 30%
Published: 06 November 2012


India Cements Ltd on Monday said its second quarter net profit fell 30 per cent YoY to INR49.08 crore from INR69.71 crore from a year earlier.

"Our profits were lower as we suffered from increased input costs due to power and fuel," N Srinivasan, vice chairman and MD of India Cements said.

The company’s power and fuel costs were up 21 per cent during the quarter ending 30 September at INR328.48 crore.