India Cements announced a steady growth in standalone net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 16.35% to Rs 439.80 million from Rs 378.00 million in the same quarter previous year.
Revenues for the quarter declined marginally 1.63% to Rs 12,057.20 million, compared with Rs 12,257.00 million for the prior year period.
Operating margin for the quarter stood at 16.97 percent as compared to 16.35 percent for the previous year period. Operating Income for the quarter was Rs 2,046.10 million, compared with Rs 2004.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.43, registering 16.26% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 12,057.20 | 12,257.00 | (1.63) |
| Net Profit | 439.80 | 378.00 | 16.35 |
| Diluted EPS | 1.43 | 1.23 | 16.26 |
Shares of the company gained Rs 3.75, or 3.02%, to trade at Rs 127.90. The total volume of shares traded was 904,674 at the BSE (1.31 p.m., Thursday).
