Mysore Cement back in black

MUMBAI: Mysore Cement ended the September quarter in the black with a profit of Rs 20.3 crore as compared with a loss of Rs 22.2 crore in the same quarter of the previous year.

Improved financials can be attributed to a 32% increase in despatches during the quarter, better price realisations and financial restructuring undertaken by the new management of the company. Net sales in the quarter was up 132% at Rs 150.7 crore. While depreciation was down 90% at Rs 4.15 crore, interest costs were down 22% at Rs 9 crore.