Binani Cement Ltd, has reported a Profit After Tax (PAT) of Rs 1.18 crore while the same for the half year ended September 30, 2010, stood at Rs 43.85 crore. The poor scenario is mainly because of a drop in demand due to early on-set and longer period monsoons, which led to lower realisation in the industry as a whole. Bottom line was also affected by significant increase in coal prices compared to previous periods. With the end of monsoon now, there are clear indications that the demand is reviving with increase in prices and Binani therefore expects future performance to improve substantially.
Contact: Binani Industries. Tel: 022 - 2269 0506. Fax: 022 - 2269 0003. E-mail: mumbai@binani.net
