India Cements announced a sharp rise in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 62.10% to Rs 624.10 million from Rs 385.00 million in the same quarter last year.
Revenues for the quarter rose 6.94% to Rs 13,144.40 million, compared with Rs 12,291 million for the prior year period.
Operating margin for the quarter stood at 17.60 percent as compared to 18.95 percent for the previous year period. Operating Income for the quarter was Rs 2,313.40 million, compared with Rs 2329.1 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.03, registering 62.40% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 13,144.40 | 12,291.00 | 6.94 |
| Net Profit | 624.10 | 385.00 | 62.10 |
| Diluted EPS | 2.03 | 1.25 | 62.40 |
Shares of the company declined Rs 0.15, or 0.13%, to trade at Rs 116.80. The total volume of shares traded was 271,872 at the BSE (10.18 a.m., Monday).
