Mumbai May 25 (IANS) India Cements on Friday reported a rise of 2.88 per cent in its standalone net profit for the quarter ended March 31 2018.
In a regulatory filing to the BSE the company said its standalone net profit for the quarter stood at Rs 35.27 crore against Rs 34.28 crore reported in the corresponding period of 2016-17.
However the standalone total income of the company fell by 8.04 per cent during the fourth quarter of 2017-18 to Rs 1 401.73 crore from Rs 1 524.29 crore earned in the same period of the previous year.
The net profit of the cement major rose despite a fall in total income due to a decline in its expenditure.
The company reported a standalone total expenditure of Rs 1 377.49 crore for the period lower by 6.83 per cent compared to Rs 1 478.54 crore reported during January- March 2016-17.
For the financial year 2017-18 the standalone net profit of the company however fell around 42 per cent to Rs 100.62 crore from Rs 173.35 crore reported in FY17.
The company s board of directors recommended a dividend of Rs 0.80 per equity share of Rs 10 each for 2017-2018 it said.

--IANS rrb/him/vm