India Cements 2Q profit falls 29.6%

India Cements, the largest cement producer in South India, reported fall of 29.59 per cent in net profit for the quarter ended September 2012 on lower margins.

During the quarter, the net profit of the company fell to INR490.8m as compared with INR697.1m in the same period last year. This was lower compared to analysts' expectation of INR730m.

Net sales during the quarter rose 3.12 per cent to INR11.25bn compared with the same period last year.