Burnpur Cement reports 61% revenue increase

Burnpur Cement reports 61% revenue increase
18 January 2019

India’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier.

However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per cent YoY.

Meanwhile, operating expenses surged by 65.4 per cent in the third quarter to INR225.3m from INR136.2m of the year-ago period.

Published under Cement News