Coal news and updates

Sharp increase in Mangalam Cement Q2 net profit

October 31: Mangalam Cement Limited, a B K Birla Group company, reported an 80.93% growth in its net profit (standalone) for the July-September quarter or second quarter of 2014-15 at Rs 4.65 crore against a net profit of Rs 2.57 crore reported in the same quarter of the previous fiscal, the company said in a statement.

On a quarter-on-quarter basis, however, the company’s net profit dropped from Rs 12.96 crore in the second quarter of April-June.

In the first six months of the current fiscal too, the company’s net profit dropped nearly 18% to Rs 17.60 crore against a net profit of Rs 21.42 crore in the same period of the previous fiscal, the company statement added.

During the second quarter of 2014-15, the company’s income from operations increased nearly 64% to Rs 237.83 crore compared to Rs 144.90 crore reported in the same period of the last financial year.

Following are the Q2 and six months results of Mangalam Cement Limited in 2014-15 and 2013-14 (in Rs crore):