Sharp increase in Mangalam Cement Q2 net profit
31 Oct 2014
October 31: Mangalam Cement Limited, a B K Birla Group company, reported an 80.93% growth in its net profit (standalone) for the July-September quarter or second quarter of 2014-15 at Rs 4.65 crore against a net profit of Rs 2.57 crore reported in the same quarter of the previous fiscal, the company said in a statement.
On a quarter-on-quarter basis, however, the company’s net profit dropped from Rs 12.96 crore in the second quarter of April-June.
In the first six months of the current fiscal too, the company’s net profit dropped nearly 18% to Rs 17.60 crore against a net profit of Rs 21.42 crore in the same period of the previous fiscal, the company statement added.
During the second quarter of 2014-15, the company’s income from operations increased nearly 64% to Rs 237.83 crore compared to Rs 144.90 crore reported in the same period of the last financial year.
Following are the Q2 and six months results of Mangalam Cement Limited in 2014-15 and 2013-14 (in Rs crore):
|
Quarter Ended |
Six months ended |
||
|
30.09.14 |
30.09.13 |
30.09.14 |
30.09.13 |
PAT |
4.65 |
2.57 |
17.60 |
21.42 |
Sales Turnover |
237.83 |
144.90 |
465.90 |
313.21 |