New Delhi: India Cements Ltd’s consolidated net loss increased to Rs 8.79 crore for the third quarter of the ongoing fiscal as compared to Rs 4.32 crore net loss in the same quarter of the previous fiscal.
The company had posted a net loss of Rs 4.32 crore in the October-December period a year ago, India Cements said in a regulatory filing.
India Cement’s revenue from operations dropped 7.90 percent to Rs 1,244.28 crore in the third quarter of the current fiscal as compared to Rs 1,351.15 crore in the corresponding quarter of the previous fiscal.
The total expenses of the company dropped to Rs 1,265.13 crore as compared to Rs 1,363.99 crore in the same quarter of the previous fiscal, the company said in regulatory filing.