India Cements Posts Profit of Rs 5 Crore in Q3

New Delhi: India Cements Ltd on Wednesday posted a standalone net profit of Rs 5.46 crore for the fiscal third quarter that ended on December 31, 2015.

The company had registered a net loss of Rs 11.68 crore for the corresponding period of the last fiscal year (2014-15), the company said in a filing to the BSE.

Net sales of the company declined to Rs 929.61 crore during the third quarter of the current fiscal year, as against Rs 1,035.91 crore in the year-ago period.

"Consequent to the hiving off the franchise of IPL, the figures of the current quarter are not comparable with those of the previous quarter/year," India Cements said. 

The company is primarily engaged in manufacturing and marketing of cement.