2026-04-09 00:12:40
Latest Post
Uprating of Dadri Thermal Power Station Unit no. 5 and 6 from 2×490 MW to 2×500 MW of NTPC Limited
Innovision Ltd receives order for User Fee Collection
Suraj Limited Announces Capacity Expansion for High-Diameter Pipes
NHPC receives CCEA approval for investment in 1720 MW Kamala Hydro Electric Project- NTPC Signs Non-Binding MoU with Électricité de France for Cooperation in Nuclear Power
Stock Report
India Cements Q1 net profit soars to Rs.183.4 Crores
Posted On : 2007-07-30 00:30:29( TIMEZONE : IST )
India Cements Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007.
The Company has posted a net profit of Rs 1834.00 million for the quarter ended June 30, 2007 where as the same was at Rs 1125.90 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 7109.10 million for the quarter ended June 30, 2007 where as the same was at Rs 4906.60 million for the quarter ended June 30, 2006.
Pursuant to the order dated July 25, 2007 the Honourable High Court of Judicature at Madras, the entire undertaking and business of the "Visaka Cement Industry Ltd" (Transferor). as a going concern, stood transferred and become vested with the "The India Cements Ltd" (Transferee) effective July 01, 2006, being the appointed date fixed in the sanctioned Amalgamation Scheme. Consequently, the accounts for the financial year ended March 31, 2007 and for the current quarter are prepared after taking into account the transactions of Visaka Cement Industry Ltd and therefore, the figures are not comparable with those of the previous period.
The company has reported an Earnings Per Share (EPS) of Rs.7.04 for the Quarter ending June 30, 2007 compared to Rs.5.68 for Quarter ending June 30, 2006.
The stock was trading at Rs.201.25, up by Rs.5.95 or 3.05%. The stock hit an intraday high of Rs.202.90 and low of Rs.190.35. The total traded quantity was 803640 compared to 2 week average of 691486.
