A major cement manufacturer reported nearly a three-fold increase in its consolidated net profit, reaching ?395 crore for the June quarter, supported by improved sales realisation and reduced expenses. In the same period last year, the profit stood at ?145 crore, according to a regulatory filing.

Revenue from operations remained largely unchanged at ?3,636 crore in the June quarter, compared to ?3,621 crore in the corresponding quarter of the previous financial year.

Sales volume rose by 5.8% to 7.4 million tonnes during the quarter.

According to the company’s Managing Director and CEO, the beginning of the year marked a recovery in cement realisations across key markets, which contributed to strong EBITDA performance. The EBITDA margin improved to 24.3%, an increase of 5.8 percentage points from the previous year.

EBITDA for the quarter stood at ?883 crore, reflecting a 32% year-on-year increase.

The Chief Financial Officer stated that supported by a strong balance sheet, disciplined capital allocation, and a healthy profitability outlook, the company is steadily progressing toward its goal of becoming a pan-India player.

Total expenses declined by 5.4% to ?3,183 crore in the quarter under review. Total income, including other income, reached ?3,685 crore.

With an installed production capacity of 49.5 million tonnes per annum, the company ranks among the largest cement manufacturers in the country.

On Tuesday, its shares closed 2.46% higher at ?2,319.15 on the stock exchange.

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