Chennai-based cement major, India Cements has reported 17.44% rise in net profit to Rs 64.92 crore for the fourth quarter ending March 31, 2012. The company had reported net profit of Rs 55.28 crore during the same period of the previous year.
Total income for the fourth quarter stood at Rs 1,122.95 crore as against Rs 1,000.37 crore registered during the same period of last year, up by 12.25%.
For the year ending March 31, 2012 net profit soared four-fold to Rs 271.46 crore against Rs 65.30 crore during the same period of previous year. While, the company’s total income rose to Rs 4,222.69 crore from Rs 3,540.33 crore registered during FY11.