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India Cements reports 16% rise in Q1 net profit

India Cements has reported results for first quarter ended June 30, 2016.

The company has registered 16.35 % rise in its net profit at Rs 43.98 crore for the quarter as compared to Rs 37.8 crore for the same quarter in the previous year. Total income of the company decreased by 1.63 % at Rs 1205.72 crore for quarter under review as compared to Rs 1225.7 crore for the quarter ended June 30, 2015.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country with a total installed cement manufacturing capacity of 14.05 mtpa (million tonnes per annum).

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