B K Birla Group company Mangalam Cement has posted a net profit of Rs 22.58 crore for the quarter ended June 30.
It had clocked a net loss of Rs 18.91 crore in the April-June quarter of the last financial year, the company said in a filing to the BSE.
Mangalam Cement’s total income from operations increased to Rs 225.17 crore, as against Rs 213.41 crore in the year-ago period.
Its total expenses declined to Rs 186.12 crore over Rs 224.07 crore in the year-ago period.