Friday, September 20, 2024

Business

India Cements share price falls 6% as profit declines in September quarter

India Cements share price falls 6% as profit declines in September quarter

Indian Cement Stock Prices fell 6 percent to RS 209.10 Intraday on November 10 after the company reported a decline in the September quarter net income.

Indian cement shares touched 52 weeks from RS 232.05 intraday.

The company has reported a 69.2 percent decline in Q2 net profit at Rs 21.97 Crore versus Rs 71.43 Crore last year. The income rose 11.3 percent at RS 1,190.17 Crore from RS 1,069.72 Crore a year ago.

Income before interest, tax, depreciation and amortization (EBITDA) fell 43.1 percent at Rs 133.6 Crore by opposing Rs 234.7 Crore and margins at 11.2 percent compared to 21.9 percent.

At 12:06 a.m., Indian cement quoted at Rs 211.05, down Rs 11.90, or 5.34 percent, at BSE.

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