The company said in a regulatory filing that consolidated revenue from operations in the third quarter was Rs. 940.81 crore as against Rs. 1,113.06 crores.
India Cement said that in the third quarter it posted Rs. 584.23 crore has been recorded as profit on sale of investments.
Total expenditure in the quarter was Rs. 1,259.53 crore as high as Rs. 1,182.70 crores.
During the quarter, the company achieved 57 percent cement capacity utilization during the quarter.
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Domestic sales volume increased by 5 percent. On the outlook, the company said India Cement is poised to grow stronger with its sales growth, cost optimization and efficient operations.
“With increasing government spending on infrastructure and improving demand in housing markets, the company is well positioned to strengthen its presence in its key markets and contribute to the country’s overall growth aspirations,” it said.
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