India Cements’s net profit tanks 72% to Rs 19 cr for Q1FY21
New Delhi: India Cements Ltd’s consolidated net profit tanked 72 percent to Rs 19 crore for the first quarter of the current fiscal as compared to Rs 68 crore in the corresponding quarter of the previous fiscal.
The consolidated revenue from operations declined 49 percent to Rs 763 crore in first quarter of the current fiscal as compared to Rs 1,496 crore in the corresponding quarter if the previous fiscal.
The cement maker said that the corona virus pandemic has severely dented business domestically and abroad.
The company clocked EBIDTA of Rs 159 crore in the quarter under review and profit before tax of Rs 26 crore.