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The India Cements Ltd on Friday reported an 86 per cent increase in consolidated net profit to Rs 79.98 crore for the first quarter ended June.

The company had posted a net profit of Rs 43.05 crore during the April-June quarter of the previous fiscal, The India Cements said in a regulatory filing.

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Its revenue from operations was up 44.87 per cent to Rs 1,514.35 crore in the first quarter of this fiscal. The same stood at Rs 1,045.25 crore a year ago.

India Cements total expenses were at Rs 1,588.90 crore, up 61.6 per cent in the June quarter of FY23, as against Rs 983.11 crore.

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Shares of India Cements Ltd on Friday settled 0.63 per cent up at Rs 192.95 apiece on BSE. PTI KRH SHW SHW

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