The company declared its September, 2017 quarter results on November 10, 2017 posting a revenue decline by 3% and net profit decline by 62.1% as compared to corresponding quarter in the previous year.
India Cements Ltd is currently trading at Rs 170.25, down by Rs 3.75 or 2.16% from its previous closing of Rs 174 on the BSE. The scrip opened at Rs 171.05 and has touched a high and low of Rs 171.7 and Rs 167.9 respectively. The stock is currently trading below its 200 DMA.
The company declared its September 2017 quarter results on November 10, 2017, posting a revenue decline by 3% and net profit declined by 62.1% as compared to corresponding quarter in the previous year.
The company reported a standalone revenue of Rs 1,268 cr in September 2017 as against a revenue of Rs 1,307 cr in September 2016 quarter resulting in a decline by 3%.
EBITDA for the quarter fell by 19.2% to Rs 181 cr as compared to corresponding quarter in the previous year with a corresponding margin contraction of 286 bps. EBITDA margin for the quarter stood at 14.3%.
The Net Profit for the quarter was reported at Rs 23.67 crores as against Rs 62.41 crores in the corresponding quarter of previous year resulting in a decline by 62.1%.
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