Chennai, Nov 11 (UNI) India Cements Limited has reported a profit after tax of

Rs 8.72 crore during the second quarter ending September 30, 2019 as against

Rs 1.43 crore in the same quarter in the previous year.

The Total income came to Rs 1,248.94 crore as against Rs 1,390.84 crore, India

Cements Vice-Chairman and MD N Srinivasan told reporters after the Board met

today and approved the results for Q2.

The Company has reported an overall profit of Rs 151 crore during the quarter

compared to Rs 159 crore compared to Rs 159 crore in the same quarter in the

previous year.

During the quarter, the overall cement sales dropped by 13 per cent to 26.67 lakh

tonnes as compared to 30.77 lakh tonnes.

He said said during the period (July-September 2019), the company lost three lakh

tonnes (one lakh tonnes per month) in sales in Andhra Pradesh and Telengana due

to fall in demand for cement in these States.

The impact of fall in sale was severe since the Company has four plants in the two

States. But, the demand was good in Tamil Nadu and Kerala.

Despite the drop in cement volume, the company reported marginal improvement in

its operating performance by reducing power, materials and other costs and improved

realization on sale of cement.

In the first six months ending September 30, 2019, the net profit was Rs 80.93 crore

as against Rs 22.46 crore in the same period in 2018-19.

The total income was Rs 2,720.94 crore compared to Rs 2,757 crore.

Mr Srinivasan said the company will make up for the loss in cement sales in the second

half of this year with the expected pick up in demand in AP and Telengana and higher

net plant realisation.

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