India Cements has announced its fourth quarter financial results. The company has managed to register a higher gross turnover while there was a decline in company's net profit. Its gross turnover has touched Rs. 4,221.69 crore for the quarter ended on 31st March, 2010.

It was reported to be Rs. 3,954.53 crore for the same quarter in the preceding year.

So far as the operating profit is concerned, the company has posted Rs. 863.51 crore for the quarter as operating profit before interest and depreciation. But it was Rs. 1,043.20 crore for same quarter last year. That shows the company's net profit has gone down.

The Foreign exchange transaction difference has been reported to go up to Rs. 43.57 crore as compared to a loss of Rs. 79.43 crore last year. But the profit after tax has gone down to Rs. 354.34 crore in comparison to Rs. 432.18 crore in the preceding year.

However, the board of directors has decided to recommend a dividend at Rs. 2 per share to its investors.