 "cements")
India Cements' profit before tax (PBT) dropped by 75.26 per cent to Rs 26.06 crore in the quarter ended June 30, compared to Rs 105.35 crore in the same period last year. The company’s total income dropped to Rs 760.32 crore from Rs 1,472 crore.
The spread of the coronavirus disease and lockdowns to contain it had hurt the construction industry but it still manged to do well, said the company on Monday.
"With improved selling prices and with control on distribution costs, the plant realisation increased by 16 per cent during the quarter. The drop in volume alone had
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