Net profit of India Cements rose 720.75% to Rs 133.29 crore in the quarter ended December 2022 as against Rs 16.24 crore during the previous quarter ended December 2021. Sales rose 10.37% to Rs 1281.00 crore in the quarter ended December 2022 as against Rs 1160.63 crore during the previous quarter ended December 2021.

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India Cements will hold a meeting of the Board of Directors of the Company on 3 February 2023.

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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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Net loss of India Cements reported to Rs 113.26 crore in the quarter ended September 2022 as against net profit of Rs 29.75 crore during the previous quarter ended September 2021. Sales rose 7.47% to Rs 1327.06 crore in the quarter ended September 2022 as against Rs 1234.85 crore during the previous quarter ended September 2021.

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