India Cements Q4 profit up 24pc

26th May, 2019 11:44:25 printer

NEW DELHI: India Cements Ltd reported a profit of Rs 43.85 crore during the fourth quarter ended March 31, 2019 (Q4), compared to Rs 35.27 crore in the year ago period, aided by the improved selling prices for cement and increased volumes. Total revenue also increased to Rs 1,581.38 crore from Rs 1401.73 crore.

The increase in Net Plant Realisation (NPR), along with improved volumes, resulted in a higher Ebidta of Rs 210 crore in Q4, compared to Rs 162 crore in the same quarter of the previous year, said N Srinivasan, vice chairman and managing director, India Cements, report agencies.

Capacity utilisation improved to 84 per cent in Q4 from 79 per cent in the same period previous year. For the entire financial year 2018-19, capacity utilisation improved to 79 per cent from 71 per cent in the previous year.

“Going forward, we expect a good demand for cement to continue in the coming quarters. During the fourth quarter, Ebidta per tonne increased to Rs 629 from Rs 470 per tonne in the third quarter. We expect it to be better in the first quarter of current year,” he said.