Indian Cements has blamed high interest, depreciation and power costs for a 50 percent dent in Q4 bottomline
In an interview with CNBC-TV18, VM Mohan, Joint President - Corporate Finance, India Cements said cement realisations have been largely steady in Q1. However, the rise in excise and freight offset the realisation improvement.
The company witnessed growth in southern markets after seven quarters and realisations in the region remained steady, VM Mohan, joint president - corporate finance of India Cements told CNBC-TV18.