BENGALURU: HeidelbergCement India on Monday reported more than a five-fold surge in quarterly profit, boosted by higher infrastructure spending ahead of elections in the country.
The Indian unit of Germany-based HeidelbergCement Group reported a net profit of 358 million rupees ($4.30 million) for the three months ended Sept. 30 from 70.1 million rupees a year earlier. Revenue from operations was up nearly 12% at 5.66 billion rupees, while sales volume rose 16.3%.
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