India Cements announces Q4 income of Rs.4245.60 million, net profit soars

India Cements Ltd has announced the following unaudited results for the quarter & year ended March 31, 2007. The Company has posted a net profit of Rs 1398.10 million for the quarter ended March 31, 2007 as compared to Rs 270.30 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 4245.60 million for the quarter ended March 31, 2006 to Rs 5779.40 million for the quarter ended March 31, 2007.

The Company has posted a net profit of Rs 4495.00 million for the year ended March 31, 2007 as compared to Rs 453.10 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 15490.00 million for the year ended March 31, 2006 to Rs 20599.00 million for the year ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007 are as follows:
The Group has posted a net profit of Rs 4533.00 million for the year ended March 31, 2007 as compared to Rs 427.30 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 15526.90 million for the year ended March 31, 2006 to Rs 20653.20 million for the year ended March 31, 2007.

The stock was trading at Rs.170.25, down by Re.0.75 or 0.44%. The stock hit an intraday high of Rs.176.80 and low of Rs.170.05. The total traded quantity was 679900 compared to 2 week average of 734746.

Source : Equity Bulls

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