Chennai-based cement maker India Cement today announced a growth of 1.5 per cent in net profit at Rs 144.28 crore for the quarter ended June 30, 2009 as compared to Rs 142.14 crore posted in the same period as year ago.
Increased expenditure eroded the margins for the company, which had risen by 18 per cent to Rs 724.21 crore as against Rs 614.07 crore, according to data provided by the Bombay Stock Exchange(BSE).
Net sales of the company rose by 10 per cent to Rs 953.48 crore as compared to Rs 865.62 crore during the two reporting quarters.
Its stock was trading down by 3.44 per cent at Rs 146.15 on the BSE as compared to its previous day's close of Rs 151.35.