India Cements Ltd's Q3FY19 standalone net profit declines 79.5% yoy to Rs3.10cr: Beats Estimates

India Cements Ltd Q3FY19

Standalone Results Q3FY19: (in Rs cr)

***EBITDA margin change is bps
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• Power cost for the quarter was up 532bps yoy as a percent of net sales.
• Interest cost was down 21.2% yoy to Rs72.8cr.
• Other income for the quarter grew 16.3% yoy to Rs4.3cr.

 





Technical View:

India Cements share price is currently at Rs77.20, down 0.8 points, or 1.03%, from its previous close of Rs78 on the BSE. The scrip opened at Rs79 and has touched a high and low of Rs79.85 and Rs76.05 respectively. A total of 90,21,839 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200-DMA.