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India Cements profit plunges 95% on dip in NPR, spike in variable cost

Saturday, November 10, 2018, 1:44 PM

Hit hard by the 4% drop in net plant realisation coupled with a sharp 8% increase in variable costs, including fuel, India Cements has reported a 95% drop in its net profit for the quarter ended September 30, 2018 to Rs 1.43 crore as compared to Rs.23.67 crore in the same quarter last fiscal.

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