Madras Cements today reported an around 82 per cent dip in net profit to Rs 31.12 crore for the quarter ended September 30, on account of depressed sales.
The company had reported a net profit of Rs 169.88 crore in the same quarter last fiscal, Madras Cements said in a communique to the Bombay Stock Exchange.
During the second quarter of 2010-11, net sales of the company declined to Rs 642.06 crore against Rs 813.28 crore in the corresponding quarter last fiscal.