The firm, part of the diversified USD 1.6 billion C K Birla Group, had reported a net profit of Rs 85.5 crore in the year-ago period, it said in a BSE filing.
Total standalone income rose by 14 per cent to Rs 449.3 crore in the January-March quarter in last fiscal from Rs 394.3 crore during the same quarter in 2014-15.
In the October-December quarter, the firm had posted a standalone net loss of 13 crore and a total income of Rs 353.7 crore.
"However the low price environment in our core markets continues to persist, with prices dropping lower in Andhra Pardesh/Telangana in the recent few weeks," he added.
Also Read
On average, cement net sale realisations have been 3 per cent lower than the last quarter and more than 15 per cent lower than the same period last year.
"Amidst these difficult external developments, we continue to focus on our operating efficiencies and costs in our existing operations continue to get better, a result of our best in class operating practices," Khetrapal said.
"However, we are already seeing some mitigation from the positive impact of higher volumes from this unit and expect higher volumes and increased operating efficiencies to compensate further in the quarters ahead," he added.
On outlook, Khetrapal said: "The company expects demand to pick up in a few quarters on the back of housing and construction activity, especially so if predictions of a favourable monsoon season are met."
Various government projects for low cost housing, roads, irrigation, metros as well as new initiatives like 'Smart Cities & Swachh Bharat' are still expected to result in improved demand for cement in Telangana, AP and Maharashtra.