MoneyWorks4Me

India Cements reports around eleven-fold jump in Q3 net profit

27 Jan 2017 Evaluate

India Cements has reported results for third quarter ended December 31, 2016.  

The company has posted around eleven-fold jump in its net profit at Rs 35.34 crore for the quarter under review 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
View more..