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19-Aug2016

India Cements surges on reporting 16% rise in Q1 net profit

India Cements is currently trading at Rs. 130.45, up by 4.85 points or 3.86% from its previous closing of Rs. 125.60 on the BSE.

The scrip opened at Rs. 126.85 and has touched a high and low of Rs. 131.85 and Rs. 126.50 respectively. So far 6,53,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 131.85 on 19-Aug-2016 and a 52 week low of Rs. 63.60 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 131.85 and Rs. 118.30 respectively. The current market cap of the company is Rs. 3,999.47 crore.

The promoters holding in the company stood at 28.63%, while Institutions and Non-Institutions held 41.81% and 29.56% respectively.

The company has registered 16.35 % rise in its net profit at Rs 43.98 crore for first quarter ended June 30, 2016 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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