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India Cements Q3 PAT up 2.6 times at Rs 56.3 cr
India Cements' profit after tax rose 2.6 times to Rs 56.3 crore in October-December quarter of FY12 from Rs 21.5 crore in a year ago quarter, led by higher cement prices on a YoY basis which have gone up by 17% plus in South India.
India Cements ' profit after tax rose 2.6 times to Rs 56.3 crore in October-December quarter of FY12 from Rs 21.5 crore in a year ago quarter, led by higher cement prices on a YoY basis which have gone up by 17% plus in South India.
Even the low capacity utilizations, which have been hovering around the 70% mark, have managed to keep the cement prices stable on a QoQ basis as well.
The company has debt on its books in excess of Rs 2500 crore.
Net sales rose 21% to Rs 941.5 crore from Rs 780.99 crore year-on-year.
EBITDA shot up 54% to Rs 194.6 crore from Rs 126.3 crore during the same period. EBITDA margins improved at 20.7% versus 16.2%.
Power and fuel cost went up 15% to Rs 266.8 crore from Rs 232.5 crore. Interest cost was up by 84% to Rs 74.95 crore from Rs 40.7 crore (Included loss of Rs 13.8 crore on account of foreign exchange fluctuations).
