Madras Cements reports 44% fall in Q1 net profit

Madras Cements has reported results for first quarter ended June 30, 2013.

The company has reported 44.03% fall in its net profit at Rs 68.85 crore for the quarter as compared to Rs 123.01 crore for the same quarter in the previous year. Total income of the company has decreased by 0.36% at Rs 989 crore for quarter under review as compared to Rs 992.55 crore for the quarter ended June 30, 2012.

Madras Cements (MCL) was established in 1957, is part of Ramco Group, a well known business group of South India. It is based at Chennai. The company is the fifth largest cement producer in the country. Ramco Supergrade is the most popular cement brand in South India.