This is a temporary fall in sales and profits due to COVID impact so you don’t need to worry. It does not change the long term attractiveness of the stock. Now for the numbers! India Cements reported a 69.7% fall in net profits to Rs.19.47 crore for the Jun-20 quarter and a 49% fall in revenue from operations to Rs.763 crore due to lockdown constraints.

The lockdown led to restrictions in transportation, supply chain disruptions, travel bans and other emergency measures. Operations of the plant were shut down in March and April, which also impacted performance. This has impacted the top line and the bottom line of the company but the numbers are expected to change for the positive post lockdown.