India Cements net profit falls 30%

India Cements net profit falls 30%
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.

Published under Cement News