India Cements Q1 Net Jumps 16%, Beats Estimates

India Cements reported 16 per cent jump in its net profit at Rs 44 crore for the April-June quarter, beating Street estimates. Chennai-based India Cements' revenue declined 2 per cent to Rs 1,202 crore. 

Analysts polled by NDTV Profit had estimated India Cement net profit at Rs 37 crore on revenue of Rs 1,093 crore. 

India Cements had reported a net profit of Rs 38 crore on sales of Rs 1,221 crore in the corresponding quarter of last fiscal. 

India cements also reported improvement in its profitability in the June quarter as its EBITDA margin or operating margin jumped 70 basis points to 17 per cent. 

Shares of India Cements closed 1.53 per cent higher at Rs 125.7 outperforming the broader Sensex, which ended 0.42 per cent higher.