HeidelbergCement India June quarter net slumps 72%

The company's net profit in the corresponding quarter of the previous fiscal was Rs 11.85 crore, HeidelbergCement India said in a regulatory filing.

HeidelbergCement India June quarter net slumps 72%
NEW DELHI: HeidelbergCement India today reported 71.73 per cent drop in net profit at Rs 3.35 crore for the quarter ended June 30.

The company's net profit in the corresponding quarter of the previous fiscal was Rs 11.85 crore, HeidelbergCement India said in a regulatory filing.

The total income from operations, however, increased to Rs 43.89 crore from Rs 41.05 crore in the year-ago period.

The total expenses of the company increased to Rs 41.05 crore compared with Rs 36.68 crore in the corresponding quarter of previous fiscal.

The shares of the company were trading at Rs 73.50 on BSE in the afternoon trade, up 1.10 per cent.
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