India Cements has reported results for third quarter ended December 31, 2014.
The company has posted a net loss of Rs 11.68 crore for the quarter under review as compared to a net profit of Rs 0.42 crore for the same quarter in the previous year. The total income of the company increased marginally by 0.21% at Rs 1040.60 crore for Q3FY15 as compared Rs 1038.47 crore for the corresponding quarter previous year.
India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.