Download MangalamCementQ2FY09

Mangalam Cement Ltd's (MCL's) sales were flat, rising 4% YoY
to Rs1.4bn in Q2FY09 largely due to staid realizations &
dispatches. Operating margins dipped by 7.9%, as rise in raw
material cost(per tonne) and logistics expenditure by 32%
negated savings in power & fuel cost (-14.6%). Accordingly,
net profits eased 36%to Rs177mn, accentuated by higher
depreciation provisioning and interest payments.