India Cements Q2 Profit Rises More Than Fourfold; EBITDA Jumps 78%
India Cements reported a more-than-fourfold year-on-year increase in net profit for the September quarter, citing operational efficiencies and higher capacity utilisation. EBITDA rose 78%.
India Cements, a subsidiary of UltraTech Cement, reported a sharp improvement in its September-quarter earnings, with net profit rising more than fourfold year on year as operational efficiencies and higher capacity utilisation strengthened its performance.The cement maker reported a net profit of…