Economy & Market
Net profit of Madras Cements up by 20%
For the second quarter of the current year, Madras Cements has reported a 20 per cent jump in net profit. The company has announced an interim dividend of Re 1 (100 per cent) a share for the year 2012-13.
AV Dharmakrishnan, CEO said that focus on fuel, power and logistics costs has contributed to the performance. The company has reported a net profit of Rs 132.89 crore (Rs 110.88 crore) on a net income of Rs 1,005.69 crore (Rs 825.69 crore) for the quarter ended Sept 30th, 2012.
Contact: Madras Cements.
Tel: 044 - 2847 8666.