India Cements plunges around 7 per cent on poor Q1FY18 numbers
DSIJ Intelligence / 28 Jul 2017
The company's total sales for Q1FY18, came in at Rs. 1461.6 crore, which represents a 4 per cent sequential decline and 21.6 per cent YoY increase.
The India Cements reported its results for the quarter ended June 30, 2017 on Friday.
The company's total sales for Q1FY18, came in at Rs. 1461.6 crore, which represents a 4 per cent sequential decline and 21.6 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs. 122.6 crore and its EBIT margin stood at 8.4 per cent.
The company reported PAT of Rs. 26.4 crore, which represents a sequential QoQ decline of 22.9 per cent and a YoY decline of 39.9 per cent.
India Cements is one of the leading cement manufacturing companies in India and also a market leader in South India. It is having total installed capacity of 15.7 million tonnes per annum.
The stock today opened at Rs. 215 and tumbled to its intra-day low of Rs. 199.2, on the BSE, on the announcement of poor Q1FY18 numbers.
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