India Cements profits dropped by 30%
South India's largest cement maker, India Cements profits dropped by 30 per cent for the quarter that ended in September 2012. The company's net profit was Rs 49.08 crore from Rs 69.71 crore it earned in the corresponding period last year.
N Srinivasan, Vice-Chairman and Managing Director, said that the company's profits were lower as it suffered from increased input costs due to power and fuel.
The company's power and fuel costs were up 21 per cent during the quarter at Rs 328.48 crore.
Contact: India Cements.
Tel: 044 2852 1526.