India Cements reduces fixed cost; shuts down divisions, cuts overheads

Total overheads on salary account is around Rs 770 million, which was around Rs 1.06 billion earlier

With adverse industry conditions in south India, which is the stronghold for the company, affecting its margins and profitability for a few quarters now, India Cements has managed to lower its fixed costs by cutting overheads and shutting down some of its divisions. 

 
The company has seen a challenging quarter during October to December 2017, with net profit declining 36 per cent sequentially.
 
India Cements has registered a net profit of Rs 152.4 million during the quarter ended December 31, 2017, a 35.6 per cent decline compared to the Rs 236.7 million during the previous quarter ended September 30,