India-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year.

The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-September quarter.

The other income of the cement company included INR3.49bn profit that was realised from the sale of its stake in tthe joint venture with Vicat group.