Mangalam Cement Q3 Profit Surges, Revenue Up 2.4%
By Rediff Money Desk, NEWDELHI Jan 27, 2024 19:51
Mangalam Cement's Q3 net profit jumped to Rs 15.95 crore, with revenue growing to Rs 439.43 crore. Read more about the company's performance.
![Mangalam Cement Q3 Profit Surges, Revenue Up 2.4%](https://im.rediff.com/money/2023/jan/20cement.jpg)
Photograph: Amit Dave/Reuters
New Delhi, Jan 27 (PTI) Mangalam Cement Ltd on Saturday reported a multi-fold jump in its net profit to Rs 15.95 crore for the quarter ended in December 2023.
The company had posted a profit of Rs 0.52 crore in the October-December quarter a year ago, according to a regulatory filing.
Its revenue from operations was up 2.38 per cent to Rs 439.43 crore during the quarter under review against Rs 429.19 crore in the year-ago period.
Total expenses in the December quarter were down 5.3 per cent to Rs 418.06 crore against Rs 441.50 crore in the third quarter of FY23.
The company had posted a profit of Rs 0.52 crore in the October-December quarter a year ago, according to a regulatory filing.
Its revenue from operations was up 2.38 per cent to Rs 439.43 crore during the quarter under review against Rs 429.19 crore in the year-ago period.
Total expenses in the December quarter were down 5.3 per cent to Rs 418.06 crore against Rs 441.50 crore in the third quarter of FY23.
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