India Cements scores well in Q1FY17

India Cements on Aug 18 has declared its Q1FY17 results. Company has posted fancy numbers in Q1, wherein net profit of the company has increased by 16.34 per cent as compared to Q1FY16 and stands at Rs 43.98 crores. However, total income from operations has decreased by 2 per cent and stands at Rs 1205.72 crores. Total expenses of the company have fallen to Rs 1052.24 crores for the quarter ended June 30, 2016 against Rs 1080.65 crores in the corresponding quarter a year ago.

On the other hand, scrip is in green and as at 2.43 pm is trading at Rs 126.50, up by 1.89 per cent. In the last 5 days, shares have rallied as much as 6 per cent. In the last 3 months, shares have given returns of 43 per cent. 52-week High/Low of the company stands at Rs 131/64. Shares of the company have hit their 52-week high on Aug 18. They had touched their 52-week low of Rs 63.60 on August 25, 2015.

India Cements is one of the leading cement manufacturing companies in India and also a market leader in South India. Company has rapidly grown from two plants and 1.3 million tonnes capacity in 1989 to eight integrated plants and two grinding units with a total capacity of 15.5 million tonnes.