India Cements Posts Q2 Net Loss Of Rs 113 Crore, Revenue Up 7%

Press Trust of India

07 Nov 2022, 01:56 PM IST

Shares of India Cements were trading at Rs 248.50 on BSE.

India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022.

The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing.

Its revenue from operations was up 7.46 per cent to Rs 1,327.06 crore in the second quarter of this fiscal. The same stood at Rs 1,234.85 crore a year ago.

The company's total expenses were at Rs 1,528.01 crore, up 27.16 per cent in the September quarter of FY23, as against Rs 1,201.61 crore a year ago.

Shares of India Cements were trading at Rs 248.50 on BSE, up 1.02 per cent from the previous close.

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