Coal news and updates

India Cements’ Q3 net profit plunges 98%

February 10: Chennai- based India Cements Limited reported a sharp 98% drop in its net profit during the third quarter (October–December) of 2013-14 to Rs 0.42 crore compared to a net profit of Rs 26.12 crore posted in the same quarter of 2012-13, the company said in a filing to the BSE.

During the period under review, net income from operations, however, rose 4.23% to Rs 1,036.54 crore in the current financial year (2013-14) compared to a net income of Rs 1,082.93 crore in the previous financial year (2012-13).

During the first nine months of the current financial year, the company registered a net loss of Rs 5.29 crore compared to a net profit of Rs 137.27 crore, in the same period of the previous financial year, the company said in the filing to the BSE.

The following table gives the quarterly performance of India Cements Limited in 2013 and 2012 (in Rs crore):