India Cements Business Performance
India Cements Limited, Chennai, reported a better-than-expected net profit of Rs. 40.10 crore for the quarter ended 30 June, 2015 helped by higher cement prices mainly in the southern markets where the company's major cement sales is done.
The Chennai-based company had registered a net loss at Rs 2.96 crore in corresponding quarter of the previous financial year.
For the financial year ending March 31, 2015 net profits of the company were at Rs 29.45 crore.
The cement maker's total standalone income stood at Rs 1,075.45 crore in the first quarter as against Rs 1,234.82 crore in the same quarter of 2014-15.
For the 12 month period ending March 31, 2015 total income from operations stood at Rs 4,453.85 crore.
The total expenses of the company, were Rs 931.48 crore as against Rs 1,134.66 crore in the reported quarter.
Capacity utilisation had dropped to 58 % from 67 % in the corresponding quarter. Net plant realisation per tonne of cement had increased by almost Rs 600 to stand at Rs 3930 compared to Rs 3312 earlier.
The total sale of cement for the quarter for India was 20.81 lakh tonne as against 23.91 lakh tonne a year ago, a slump of 13 per cent.
The Chennai based India Cements has 7 integrated plants in Tamilnadu & Andhra Pradesh, one in Rajasthan (through its subsidiary Trinethra Cement Limited) & 2 Grinding units, one each in Tamilnadu & Maharashtra with a total installed capacity of 15.5 MTPA and a annual turnover of Rs.52.31 Bn.
India Cements Q1 Results
India Cements Performance
India Cements Profits
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