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India Cements reports 94% fall in Q2 net profit

India Cements reports 94% fall in Q2 net profit

India Cements has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 93.96% in its net profit at Rs 1.43 crore for the quarter under review as compared to Rs 23.67 crore for the same quarter in the previous year. However, total income of the company increased by 9.09% at Rs 1,390.84 crore for Q2FY19 as compared Rs 1,274.90 crore for the corresponding quarter previous year.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country.

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