Mangalam Cement's net profit tanks 60% to Rs 13 cr for Q1FY21

New Delhi: Mangalam Cement Ltd’s net profit tanked 60 percent to Rs 13 crore for the first quarter of the current fiscal as compared to Rs 33 crore in the corresponding quarter of the previous fiscal.

The revenues from operations fell 32 percent to Rs 226 crore for the first quarter of the current fiscal as compared to Rs 333 crore in the corresponding quarter of the previous fiscal. 

The total expenses of the company declined to Rs 211 crore for the first quarter of the current fiscal as compared to Rs 299 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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