India Cements posts loss of ₹24 cr. in Q4 as coal prices soar

India Cements posts loss of ₹24 cr. in Q4 as coal prices soar

The India Cements Ltd. has reported a net loss of ₹24 crore for the fourth quarter ended March against a standalone net profit of ₹72 crore in the year-earlier period on account of an almost fivefold increase in the prices of imported coal and loss of volume. “Fourth quarter was a fighting quarter,” N. Srinivasan, vice […]

Continue Reading