India Cements Reports Muted Numbers In Q4

India Cements Ltd. reported 32.10 percent decline in its standalone net profit to Rs 34.28 crore for the fourth quarter ended March 31.

It had reported a net profit of Rs 50.49 crore in the January-March quarter a year ago, according to the company’s filing with the Bombay Stock Exchange.

The company's total income during the fourth quarter under was up 16.12 per cent to Rs 1,524.29 crore as against Rs 1,312.60 crore in the corresponding quarter of the last fiscal.

Its total expenses were up by 20.81 per cent to Rs 1,396.55 crore as against Rs 1,155.91 crore.

For the entire 2016-17 fiscal, India Cements' net profit stood at Rs 173.55 crore, up 33.55 percent, from Rs 129.95 crore in the previous fiscal.

Its total income for the fiscal stood at Rs 5,794.03 crore, up 19.87 per cent, compared to Rs 4,833.53 crore in the previous year.

Meanwhile, in a separate filing, the company informed BSE that its board has recommended a dividend of Re 1 per equity share of Rs 10 each for the financial year 2016-17.