India Cements reported a consolidated net loss of Rs 113.26 crore in Q2 FY23 as against a net profit of Rs 29.75 crore posted in Q2 FY22.
Revenue from operations rose 7.47% to Rs 1,327.06 crore in quarter ended 30 September 2022 from Rs 1,234.85 crore recorded in the corresponding quarter previous year.
The company reported a pre-tax loss of Rs 190.31 crore in Q2 FY23 as compared to profit before tax of Rs 39.83 crore posted in the same period a year ago.
Total expenses spiked 27.16% year on year to Rs 1528.01 crore in Q2 FY23. Cost of materials consumed was at Rs 238.39 crore (up 15.85%) while power and fuel stood at Rs 608.46 crore (up 69.33%) during the quarter.
India Cements is primarily engaged in manufacture and marketing of cement and cement related products.
Shares of India Cements were up 1.95% to Rs 250.80 on the BSE.
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