India’s Anjani Portland Cement Ltd has recorded a 22.2 per cent YoY rise in net sales to INR1.1bn (US$15.3m) for the third quarter of FY18-19, compared with INR902.7m of the year-ago period. However, net profit declined 27.5 per cent to INR23.7m from INR32.7m.

In the nine months to 31 December 2018, the company saw a 15.5 per cent YoY increase in net sales to INR3.18bn from INR2.75bn. Net profit fell 32.5 per cent to INR116.3m in the 9MFY18-19, compared with INR172.3m of the previous year.