India Cements Q2 net profit slips 30% to Rs 49 cr

India Cements ' net profit fell by 29.7 percent to Rs 49 crore in the three months period ended September 2012 from Rs 69.7 crore in a year ago period due to foreign exchange loss of Rs 14.85 crore during the quarter.

Net sales rose just 3 percent to Rs 1,123 crore from Rs 1,089 crore during the same period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) declined to Rs 208 crore in the September quarter from Rs 251.9 crore in the corresponding quarter of last fiscal.

EBITDA margin dropped 450 basis points year-on-year to 18.5 percent during the quarter.

At 14:07 hours IST, the stock went down 0.66 percent to Rs 97.10 on the Bombay Stock Exchange.

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