India Cements Q3FY08 Results

India Cements Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 1270.50 million for the quarter ended December 31, 2007 where as the same was at Rs 797.80 million for the quarter ended December 31, 2006. Total Income is Rs 8575.60 million for the quarter ended December 31, 2007 where as the same was at Rs 5439.20 million for the quarter ended December 31, 2006.

The accounts for the current quarter have been prepared after taking into account the transactions of erstwhile Visaka Cement Industry Ltd (VCIL) and are therefore not comparable with the corresponding figures of previous periods which do not include transactions of VCIL.

India Cements Q2 Results

India Cements Ltd has announced the following Audited Results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 2226.50 million for the quarter ended September 30, 2007 where as the same was at Rs 1173.20 million for the quarter ended September 30, 2006. Total Income is Rs 8960.90 million for the quarter ended September 30, 2007 where as the same was at Rs 5915.00 million for the quarter ended September 30, 2006.

The accounts for the current quarter have been prepared after taking into account the transactions of erstwhile Visaka Cement Industry Ltd (VCIL) and are therefore not comparable with the corresponding figures of previous periods which do not include transactions of VCIL.

Sharekhan - India Cements

Recommendation: Buy
Price target: Rs300
Current market price: Rs263

Price target revised to Rs300

Kotak Institutional - India Cements

Kotak Institutional has BUY on India Cements and has raised the target price to Rs 230. They had a previous target of Rs 200

Good sales in South India

Prices are firm in South India