India Cements Q2 net profit dips 57% to Rs 30 crore, revenue up 13%

Despite the spike in fuel and petroleum product prices, India Cements turned out a decent show as volumes rose in the extended marketing zones

India Cements has posted a 57 per cent dip in net profit for the second quarter of the current financial year ended September 30, to Rs 30 crore from Rs 69 crore during the July to September quarter of 2020-21.

The company’s revenue from operations was up 13 per cent to Rs 1,235 crore during the period under review, from Rs 1,090 crore during the second quarter of the previous fiscal. During the period under review, power and fuel costs zoomed 57 per cent to Rs 359 crore. Total expenses during the period rose 23 per cent to Rs 1,202