India Cements Ltd third quarter standalone net profit jumps over 11-fold to Rs 35.34 crore

India Cements Ltd on Friday reported a stupendous 11-fold jump in standalone net profit at Rs 35.34 crore for the third quarter ended December 31, 2016.

The cement major had reported a net profit of Rs 3.16 crore in the October-December period last fiscal, India Cements Ltd said in a BSE filing.

The company's total income also was up 19.21 per cent to Rs 1,270.95 crore during the quarter under review as against Rs 1,066.13 crore in the year-ago period.

Its total expenses during the period were up 16.94 per cent to Rs 1,130.89 crore as against Rs 967.03 crore a year ago. Shares of the company were trading 1.47 up at Rs 145.25 apiece on BSE.