India Cements Q3 profit falls 79%

NEW DELHI: India Cements on Monday reported a 79.46 per cent decrease in its standalone net profit at Rs 3.13 crore for the third quarter ended on December 2018. The company has reported a net sales of Rs 15.24 crore for the October-December quarter a year ago, India Cements said in a BSE filing. Its total income during the period under review was up 8.53 per cent at Rs 1,320.57 crore as against Rs 1,216.75 crore of the corresponding quarter last fiscal. India Cements' total expenses stood at Rs 1,317.44 crore as against Rs 1,201.51 crore, up 9.64 per cent.