Binani Cement announced a substantial drop in standalone net profit for the quarter ended March 2009.
During the quarter, the profit of the company declined 68.70% to INR200.70m from INR641.30m in the same quarter previous year.
Net sales for the quarter jumped 48.24% to INR4,980.80m, while total income for the quarter jumped 47.71% to INR5,013.10m, when compared with the prior year period.
It posted earnings of INR0.99 a share during the quarter, registering 68.67% decline over previous year period.
Published under Cement News