India Cements Q2 net jumps 62% at Rs 62.41 crore

India Cements on Saturday reported a 62.10% jump in standalone net profit at Rs 62.41 crore for the second quarter ended on September, helped by lower finance cost and tax expenditures.

The Chennai-based cement maker had reported a net profit of Rs 38.5 crore in the July-September quarter of last financial year.

Its total income from operations grew to Rs 1,314.44 crore during the quarter under review, up 6.94% from Rs 1,229.1 crore a year earlier, India Cements said in a BSE filing.

During the quarter, the company's finance cost came down by 11.08% to Rs 87.56 crore while its tax expenses declined by 19.39% to Rs 29.25 crore.