India Cements today said its net profit declined by 60 per cent to Rs 38 crore for the quarter ended March 31, 2010, over the same period last year.
On the standalone basis, total income rose to Rs 977 crore for the quarter ended March 31, from Rs 900 crore in the same period last year, India Cements said in a filing to the Bombay Stock Exchange.
The board has proposed a dividend of Rs 2 per equity share on the face value of Rs 10 each, for the year 2009-10.
For the year ended March 31, 2010, the company has posted a consolidated net profit of Rs 351 crore, down 16 per cent over the same year-ago period.
Shares of India Cement were trading at Rs 125.45 on the BSE, down 1.80 per cent from previous close.