India Cements posts loss in Q2

November 12th, 2010 - 7:32 pm ICT by IANS  

Chennai, Nov 12 (IANS) Cement major India Cements Limited posted a net loss of Rs.33.63 crore for the quarter ending Sep 30, as against a net profit of Rs.136.94 crore registered during the corresponding period of the last fiscal.

The company’s total income fell from Rs.994.92 to Rs.841.16 crore during the same period.

According to the company, the fall in price realisation has impacted turnover and profit though the production and sales went up during the period under review.

For the first half, the company has posted a total income and a loss of Rs.1,725.63 crore Rs.8.65 crore respectively as against Rs.1,955.17 and a net profit of Rs.281.22 crore posted during the same period previous fiscal.

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