The India Cements Ltd sees revenue slip MoM

The India Cements Ltd has reported revenue from operations of INR12,194m (US$147.3m) in the quarter ended 31 December 2022. This compares to INR12,546m in the previous quarter and INR11,084m in the quarter ended 31 December 2021. In the October-December 2022 quarter, the company saw a profit of INR907.3m, compared to a loss of INR1375m in the previous quarter and a profit of INR33m in the same quarter a year earlier.

Power and fuel expenses jumped from INR3518m in the December 2021 quarter to INR5677m in the same period a year later. Basic earnings per share (EPS) for continuing operations came in at INR2.84 in the quarter ended 31 December 2022, versus a loss of INR4.42 in the previous quarter and a gain of INR0.11 in the December 2021 quarter. 

In the nine months ended 31 December 2022, the company saw revenue from operations of INR39,203m, up from INR33,211m in the same period a year earlier. Profit for the same period fell from INR626.9m to INR29.4m, while basic EPS for continuing operations declined from INR2.06 to INR1.01.