A leading cement manufacturer reported an 83.5 per cent decline in net profit to ?5.19 crore for the third quarter ended December 2024, citing lower volume and prices. The company had posted a net profit of ?31.47 crore in the same quarter last year, according to a regulatory filing.

Its revenue from operations fell 10.6 per cent to ?542.82 crore during the quarter, compared with ?607.13 crore a year earlier. The company stated that EBITDA per tonne dropped to ?291 — a decline of 46.3 per cent — due to reduced volume and pricing pressure.

Overall revenue was affected by a 5.3 per cent fall in volume and a 5.6 per cent drop in prices, as per its earnings statement. Total expenses for the quarter stood at ?544.63 crore, down 5.7 per cent year-on-year.

The firm is a subsidiary of a major multinational building materials group. Its shares were trading at ?220.55 on the stock exchange on Thursday, up 0.78 per cent from the previous close.

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