Star Cement net profit falls 5% in 3QFY18-19
Star Cement reported a stand-alone net profit of INR561.4m (US$7.7m) for the quarter ended 31 December 2018, a fall of 5.4 per cent when compared with INR593.6m reported in the year-ago period.
Net revenue increased by 17.2 per cent YoY to INR4.018bn in October-December 2018 from INR3.427bn in 3QFY18-19.
Operating expenses advanced 23.1 per cent to INR3.207bn YoY while other income rose by 88.2 per cent YoY to INR3.2m.
Operating profit slipped by five per cent YoY to INR810.6m while the company’s operating profit margin contracted by 18.9 per cent YoY.
