India Cements reports net profit of Rs 69.7 crore for Q2

India Cements has announced its financial results for the quarter ended September 30, 2011.

The company has reported a net profit of Rs 69.71 crore for the quarter ended September 30, 2011 against loss of Rs 33.63 crore in the corresponding period last year. The company's net sales rose 29.47% at Rs 1089.06 crore for the quarter under review against Rs 841.16 crore in the corresponding period last year.

India Cements manufactures Ready to Mix concrete (RMC)-53 grade cement. Its Coromandel King, Sankar Sakthi and Raasi Gold are 53 grade OPC (Ordinary Portland Cement), which are high strength cement used for building runways, concrete roads and bridges.