Coal news and updates

India Cements’ Q4 net loss at Rs 30.56 crore

May 26: India Cements Limited, on May 26, reported a net loss of Rs 30.56 crore during the January-March quarter (fourth quarter) of 2013-14 as against a net profit of Rs 26.28 crore reported in the same quarter of 2012-13, the company said in a filing to the BSE.

Higher cost of raw materials and lower income from operations resulted in the net loss of the company, revealed the financial statement, which also stated that total income from operations during the quarter stood at Rs 1,124.67 crore, down 6.20% from Rs 1,199.03 crore in the same period of last year.

During the period under review, the cost of raw materials increased almost 3% to Rs 159.11 crore compared to Rs 155.04 crore in the same quarter of 2012-13.

For 2013-14, net loss of the company stood at Rs 35.85 crore compared to a net profit of Rs 163.55 crore in 2012-13. Total income from operation during the year stood at Rs 4,496.81 crore compared to Rs 4,613.62 crore in 2012-13.

The following table gives quarter-on-quarter and yearly stand-alone performance of India Cements Limited in 2014 and 2013) (in Rs crore):