Andhra Cements posts income growth QoQ

India’s Andhra Cements, part of Sagar Cements, has posted total income of INR993m (US$11.89m) in the quarter ending 31 March 2024. This is up from INR984m in the previous quarter. The net loss for the March 2024 quarter came in at INR188m, down from a loss of INR212m in the previous quarter. Basic earnings per share over the same period improved from -INR2.30 to -INR2.04. 

For the year ended 31 March 2024, total income stood at INR2766m with a net loss for the 12-month period of INR656m. Basic earnings per share for the year came in at a loss of INR7.12.