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India Cements has managed a tough market environment, particularly in its core areas in the South, to turn in a “satisfactory performance” during the first quarter, said N Srinivasan, Vice-Chairman and Managing Director.
It has reported a net profit of ₹26.44 crore on a total income of ₹1,466.75 crore for the quarter ended June 30, 2017.
The figures include the performance of Trinetra Cement and Trishul Concrete Products amalgamated in April and are not comparable with those of the corresponding previous quarter.
During the previous corresponding quarter, the company reported a net profit of ₹43.98 crore on an income of ₹1,205.72 crore.
Capacity utilisation had been around 68 per cent compared with counterparts in the North who managed around 80 per cent. With over 150 million tonnes of cement production concentrated in the South, the demand was just about half that, he said.
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