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India Cements : India renowned cement manufacture disclosed a steep drop in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 39.69% to Rs 1,342.70 million from Rs 2,226.50 million in the same quarter, previous year.Net sales for the quarter rose 23.18% to Rs 10,965.70 million, while total income for the quarter rose 22.37% to Rs 10,965.90 million, when compared with the prior year period.
The company reported earnings of Rs 4.77 a share during the quarter, registering 44.21% decline over previous year period.
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