Deccan Cements posts revenue advance YoY

India’s Deccan Cements has posted total revenue of INR2281.4m (US$27.42m) in the quarter ended 31 March 2024, up from INR1990.8m in the same period a year earlier. The company reported a profit of INR30.1m in the March 2024 quarter, compared to INR99m in the year-ago period.

Total expenses advanced from INR1857m in the quarter ended 31 March 2023 to INR2071.3m in the same period a year later, driven by the cost of materials consumed, and power and fuel. Earnings per share, meanwhile, fell from INR7.06 in the March 2023 quarter to INR2.15 in the March 2024 quarter. 

FY23-24 results
In the year ended 31 March 2024 (FY23-24), total revenue stood at INR8154.2m, marking an expansion from INR7908.3m in the year ended 31 March 2023. Profit for the period contracted from INR493m in the FY22-23 to INR372.6m FY23-24.

Total expenses over the same time frame advanced slightly due to higher materials costs and power and fuel expenses, although freight charges declined. Earnings per share in the year ended 31 March 2024 came in at INR26.6, down from INR35.19 in the same period a year earlier.