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Our Bureau

Chennai , Oct. 30

Madras Cements' net profit has quadrupled to Rs 90.07 crore on net sales of Rs 407.25 crore for the second quarter ended September.

During the corresponding previous period, the company had reported net profit of Rs 18.81 crore on net sales of Rs 246.09 crore.

The company has announced interim dividend of Rs 7.50 (75 per cent) for 2006-07. Interest costs dropped to Rs 4.20 crore (Rs 7.03 crore).

The company attributed the performance to better market mix - targeting sales in markets that offer higher prices - and cost reduction in all areas, especially power after commencement of full-fledged operation of the thermal power plant at Alathiyur and additional windmills.

The company has total wind power generating capacity of 60 MW.

More Stories on : Dividend Announcement | Cement

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