India Cements Q1 net profit falls 20 pc to Rs 21 cr
Net income declined to Rs 1,366.17 crore during April-June quarter of 2018-19 fiscal from Rs 1,466.75 crore in the year-ago period. Expenses, however, remained lower at Rs 1,339.48 crore as against Rs 1,426.32 crore in the said period.
India Cements informed that the Enforcement Directorate Authorities had issued an order under the Prevention of Money Laundering Act, 2002 (PMLA) to attach Rs 120.34 crore worth of assets of the company, image source: reuters