India Cements comes up with subdued quarter
India Cements posted poor results for the quarter with subdued top-line and bottom-line. The margins for the quarter also declined by a per cent.
The company's revenue for the quarter remained subdued for the quarter at 4.3 per cent yoy and qoq decline to Rs. 1,213 crore in Q3FY18 as compared to Rs. 1,267 crore in previous year corresponding quarter.
The EBITDA margins of the quarter also declined 100 bps over the quarter and previous year and previous quarter. The EBITDA for the quarter also declined by 10.7 per cent and 7.8 per cent qoq to Rs. 168 crore in Q3FY18 as compared to Rs. 188 crore in the previous year corresponding quarter. This was largely due to rise in raw materials cost by 13 per cent over previous year corresponding quarter.
The net profit for the quarter declined 72 per cent yoy and 58 per cent qoq to Rs.15 crore for Q3FY18 as compared to Rs. 54 crore in previous year corresponding quarter.
On Friday, the stock opened Rs. 158 per share and closed at Rs. 161 per share