India Cement has reported results for second quarter ended September 30, 2014.
The company has reported a net profit of Rs 7.49 crore for the quarter under review as compared to a net loss of Rs 22.53 crore for the same quarter in the previous year. Total income of the company has increased marginally by 3.84% at Rs 1135.85 crore for Q2FY15 as compared Rs 1093.88 crore for the corresponding quarter previous year.
India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.
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