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India Cements Q1 net almost halves to Rs 26 cr; company blames note ban

Company's total income rose to Rs 1,466.75 crore during the first quarter

Shree Cement: Compelling but expensive growth story
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BS Reporter Chennai
The India Cements Ltd has reported a net profit of Rs 26.44 crore during the quarter ended June 30, 2017, as against Rs 43.98 crore, a year ago. Company's total income rose to Rs 1,466.75 crore during the first quarter from Rs 1,205.72 crore, a year ago.

The financial statement for the quarter ended June 30, 2017 and for the quarter and year ended March 31, 2017, include that those of the merged entities of Trinetra Cement Ltd. and Trishul Concrete Products Ltd.  As far as the figures for the corresponding quarter of the previous financial year, June 30, 2016

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