Saurashtra announces rise in 3Q sales but drop in 3Q profit

Saurashtra Cement reported a 78.4 per cent decline in its net profit to INR49.3m (US$706,959) in the quarter ended June 2018 from INR228.2m in the year-ago period.

Sales advanced 20.8 per cent to INR1.68m in the April-June 2018 period. In April-June 2017 sales reached INR1.391bn.