India Cements disclosed a sharp rise in standalone net profit for the quarter ended December 2016. During the quarter, the profit of the company rose 11.18 times to Rs 353.40 million from Rs 31.60 million in the same quarter previous year.
Revenues for the quarter rose 19.21% to Rs 12,709.50 million, compared with Rs 10,661 million for the prior year period.
Operating margin for the quarter stood at 15.08 percent as compared to 14.49 percent for the previous year period. Operating Income for the quarter was Rs 1,916.60 million, compared with Rs 1545.2 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.15, registering 11.50 times growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 16 | Dec - 15 | %Change |
Revenues | 12,709.50 | 10,661.30 | 19.21 |
Net Profit | 353.40 | 31.60 | 1018.35 |
Diluted EPS | 1.15 | 0.10 | 1050.00 |
Shares of the company gained Rs 0.05, or 0.03%, to trade at Rs 144.90. The total volume of shares traded was 173,401 at the BSE (10.39 a.m., Monday).