Economy & Market
India Cements' Q3 profit up 11-fold to Rs 35.34 crore
India Cements Ltd has reported an over 11-fold jump in standalone net profit at Rs 35.34 crore for the third quarter ended 31 December 2016. It had reported net profit of Rs 3.16 crore in the October-December period last fiscal, the company said in a BSE filing.
Total income was up 19.21 per cent to Rs 1,270.95 crore during the quarter under review as against Rs 1,066.13 crore in the year-ago period. Total expenses during the period were up 16.94 per cent to Rs 1,130.89 crore as against Rs 967.03 crore a year ago.
After the announcement, the shares of the company were trading Rs 1.60 up at Rs 144.75 on the BSE.