Categories AlphaGraphs, Earnings

India Cements Ltd Q2FY24; 5% fall in Revenue

India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946 by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. The co is also a sponsor of the IPL franchise “Chennai Super Kings”.

Financial Results:

  • India Cements Ltd reported Revenues for Q2FY24 of ₹1,264.00 Crores down from ₹1,327.00 Crore year on year, a fall of 4.75%.
  • Total Expenses for Q2FY24 of ₹1,375.00 Crores down from ₹1,528.00 Crores year on year, a fall of 10.01%.
  • Consolidated Net Profit of -₹80.00 Crores from -₹110.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is -₹2.58, from -₹3.65 in the same quarter of the previous year.

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