Mangalam Cement Q3 Results: Profit Grows Multifold To Rs 15.9 Crore, Revenue Up 2.4%

Mangalam Cement Ltd on Saturday reported a multi-fold jump in its net profit to Rs 15.95 crore for the quarter ended in December 2023.

The company had posted a profit of Rs 0.52 crore in the October-December quarter a year ago, according to a regulatory filing.

Its revenue from operations was up 2.38% to Rs 439.43 crore during the quarter under review against Rs 429.19 crore in the year-ago period.

Total expenses in the December quarter were down 5.3% to Rs 418.06 crore against Rs 441.50 crore in the third quarter of FY23.

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Mangalam Cement's Q3 profit soared to Rs 15.9 crore from Rs 0.52 crore last year, with a 2.4% rise in revenue to Rs 439.43 crore.