29/11/2022

India Cements Posts Q2 Net Loss Of Rs 113 Crore, Revenue Up 7%

Shares of India Cements were trading at Rs 248.50 on BSE.

New Delhi:

India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022.

The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing.

Its revenue from operations was up 7.46 per cent to Rs 1,327.06 crore in the second quarter of this fiscal. The same stood at Rs 1,234.85 crore a year ago.

The company’s total expenses were at Rs 1,528.01 crore, up 27.16 per cent in the September quarter of FY23, as against Rs 1,201.61 crore a year ago.

Shares of India Cements were trading at Rs 248.50 on BSE, up 1.02 per cent from the previous close.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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