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India Cement posts 62% growth in net - Views on News from Equitymaster
India Cements Limited has posted a 39% growth in total income during the quarter ended 31st December 1999. The company has suffered an erosion in operating margins as cement realisations have been under pressure even as costs increased. The slower growth in interest and depreciation expenditure enabled the company to posted a rise in bottomline and a marginal improvement in net margins.
(Rs m)
3QFY2000
3QFY1999
Change
Sales & Other Income
3,288.8
2,374.6
38.5%
Expenditure
2,575.2
1,776.3
45.0%
Interest
491.0
404.2
21.5%
Depreciation
173.1
163.5
5.9%
Profit before Tax
49.5
30.6
61.8%
Tax
-
-
Profit after Tax/(Loss)
49.5
30.6
61.8%
Net profit margin (%)
1.5%
1.3%
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UltraTech Cement completed the acquisition of cement plants of Jaiprakash Associates Limited (JAL) and Jaypee Cement Corporation Limited (JCCL) during the quarter ended June 2017.
While topline witnessed growth on the back of higher cement sale volumes, a 50.5% YoY fall in other income weighed on Ambuja's bottomline during the quarter ending June 2017.
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