India Cements reports a Q2 net loss of ₹113 crore and an increase in revenue of 7%

According to a regulatory filing by India Cements, the business reported a net profit of ₹29.75 crore during the quarter from July to September of the previous fiscal year.

By Aryan Jakhar Published on November 7, 2022, 15:59 IST

Image Credits: Twitter

For the second quarter that ended in September 2022, India Cements Ltd. recorded a consolidated net loss of ₹113.26 crore on Monday.

According to a regulatory filing by India Cements, the business reported a net profit of ₹29.75 crore during the quarter from July to September of the previous fiscal year.

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The company’s operational revenue increased 7.46% to ₹1,327.06 crore in the second quarter of this fiscal year. A year ago, the same was ₹1,234.85 crore.

In the September quarter of FY23, the company’s overall expenses were ₹1,528.01 crore, up 27.16 percent from the same period last year.

India Cements stock was up 1.02 percent from the previous close, trading at ₹248.50 on the BSE.

Aryan Jakhar

Aryan Jakhar is currently a third-year undergraduate student at the Manipal University Jaipur. He is a media enthusiast and is passionate about content writing. Aryan is currently working as a Sub-Editor for Business Upturn.