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India Cements surges on reporting around eleven-fold jump in Q3 net profit

27 Jan 2017 Evaluate

India Cements is currently trading at Rs 145.10, up by 1.95 points or 1.36% from its previous closing of Rs 143.15 on the BSE.

The scrip opened at Rs 144.00 and has touched a high and low of Rs 149.10 and Rs 141.00 respectively. So far 1090821 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs 164.00 on 10-Oct-2016 and a 52 week low of Rs 64.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs 149.10 and Rs 134.60 respectively. The current market cap of the company is Rs 4451.02 crore.

The promoters holding in the company stood at 28.51%, while Institutions and Non-Institutions held 45.13% and 26.36% respectively.

India Cements has posted around eleven-fold jump in its net profit at Rs 35.34 crore for the quarter ended December 31, 2016 as compared to Rs 3.16 crore for the same quarter in the previous year. Total income of the company increased by 19.21% at Rs 1270.95 crore for the quarter under review as compared Rs 1066.13 crore for the corresponding quarter previous year.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country with a total installed cement manufacturing capacity of 14.05 mtpa (million tonnes per annum).

 

Peers
Company Name CMP
Ultratech Cement 10799.00
Ambuja Cements 363.00
ACC 1183.15
Shree Cement 21871.80
Dalmia Bharat 1680.60
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