update

India Cements Q1 cuts loss to Rs 3 cr, OPM up 360 bps QoQ 

     Operating profit slipped 17 percent on yearly basis to Rs 160 crore in the first quarter of current financial year 2014-15 and margin dropped 260 basis points year-on-year to 13 percent in the quarter gone by but that improved by 360 bps sequentially from 10.6 percent in Q4FY14.
     During the quarter, power and fuel cost declined 8 percent to Rs 304 crore and employee benefits fell 7 percent to Rs 78.15 crore compared to corresponding quarter of last fiscal.