India Cements Q1 results: Net profit at Rs 46.63 cr in FY22

14 Aug 2021 CW Team

India Cements Ltd recorded a more than two-fold jump in combined net profit on Wednesday at Rs 46.63 crore for the quarter ended June 2021. In a regulatory meeting, India Cements told the media that the company posted a net profit of Rs 19.74 crore during the April-June period of the last fiscal year.

Its revenue operations increased from 36.90% to Rs 1,045.25 crore compared to Rs 763.46 crore earlier.

The overall expenditure stands at Rs 983.11 crore, up 32.30% from Rs 743.04 crore in Q1 FY21.

The normal business operations were disrupted during the quarter because of lockdowns, supply chain disruptions, social distancing, restrictions in transportation, travel bans and other emergency measures the government imposed.

India cements said that the situation of pandemic affected the company's regular business operations and production, inter aila, sales and profitability, got impacted.

India Cements Ltd's shares settled at Rs 178.70 on BSE, down 2.27% from the previous close on Wednesday.

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Also read: Berger Paints Q1 results: Net profit at Rs 140 crore

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