India Cements posts Rs 31 cr net loss in Jan-Mar quarter

India Cements today reported Rs 30.56 crore standalone net loss for the January-March quarter on lower income and higher finance costs.

The company, which has 15.5 million tonne per annum capacity, had reported Rs 26.28 crore net profit in the same quarter of last fiscal (2012-13).

Its net sales fell to Rs 1,080 crore, from Rs 1,191 crore a year earlier, the company said in a statement, adding that the expenses also dipped by Rs 17 crore to Rs 1,077 crore.

Finance costs, on the other hand, rose to Rs 77.77 crore from Rs 63.88 crore a year earlier.

For the entire financial year 2013-14, India Cements' net loss stood at Rs 117 crore, from Rs 188 crore net profit in the previous fiscal.

Net sales also declined to Rs 5,085 crore, from Rs 5,159 crore.

EDITORIAL OF THE DAY

  • Trade policies must not ring fence specific industry sectors

    Within days of the government setting a floor price for import of steel products to thwart countries such as China from undercutting local mills, gove

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Kumar Jain

Reframe mindset to achieve excellence

Niels Bohr, the famous quantum physicist on­ce said, “The opposite ...

Kuruvilla Pandikattu

More real than the reality

Virtual reality (VR), a te­chnology that offers an un­imaginably altered ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture