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India Cements reports net loss of Rs 11.68 crore in Q3

12 Feb 2015 Evaluate

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.

Peers
Company Name CMP
Ultratech Cement 10799.00
Ambuja Cements 363.00
ACC 1182.20
Shree Cement 21850.00
Dalmia Bharat 1689.25
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