Chennai-based India Cements today announced a 22 per cent decline in net profit at Rs 142.14 crore for the quarter ended June 30, 2008, over the corresponding period a year-ago.
Company had a net profit of Rs 183.40 for the quarter ended June 30, 2007, India Cements said in a filling to the Bombay Stock Exchange.
The total income rose to Rs 986.84 crore in the first quarter of FY09 from Rs 832.57 crore in the previous year.
Shares of company were trading at Rs 147.20, up 3.41 per cent on the BSE in afternoon trade.