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Page 5 - India Cements

India Cements Q1 net profit falls 34% to Rs 266 mn as sales dwindle

Expenses remain lower at Rs 13.39 billion as against Rs 14.26 billion in the said period

Updated On : 11 Aug 2018 | 5:03 PM IST

India Cements reduces fixed cost; shuts down divisions, cuts overheads

With adverse industry conditions in South India, which is the stronghold for the company, affecting its margins and profitability for a few quarters now, India Cements managed to cut the fixed cost by cutting overheads, shutting down some of the divisions and changing policies. The company has seen one of the challenging quarters during October to December, 2017, with net profit declining 36 per cent sequentially. India Cements has registered a net profit of Rs 152.4 million during the quarter ended December 31, 2017, a 35.6 per cent decline compared to the Rs 236.7 million during the previous quarter ended September 30, 2017. The net profit it had during the quarter ended December, 2016, was a higher Rs 353.4 million. However, the company said that this is not comparable considering that the company has amalgamated two of its subsidiaries - Trinetra Cement and Trishul Concrete Products, into itself in April, last year.The company was able to contain the loss by controlling the fixed .

Updated On : 10 Feb 2018 | 8:49 PM IST

India Cements net profit down by 36%, MD Srinivasan calls Q3 worst quarter

India Cements has registered a net profit of Rs 152.4 million during the quarter ended December 31, 2017, a 35.6 per cent decline compared to the Rs 236.7 million during the previous quarter ended September 30, 2017. The net profit it had during the quarter ended December, 2016, was a higher Rs 353.4 million. However, the company said that this is not comparable considering that the company has amalgamated two of its subsidiaries - Trinetra Cement and Trishul Concrete Products, into itself in April, last year.The total income for the quarter ended December 31, 2017 stood at Rs 12.16 billion. The total income was Rs 12.70 during the same period of previous fiscal year, though these figures are not comparable. "This was the worst quarter for us," said N Srinivasan, vice chairman and managing director of India Cements. The performance was primarily affected because of the lower demand in its stronghold, which is the Tamil Nadu and Kerala market. The Anthra Pradesh market was also not as .