Tokyo Cement Group reported its financial performance for the first quarter ending on 30th June 2022, with a turnover of INR16.3 billion (US$205.23 million) reflecting a year-on-year growth of 53%. The Group recorded a profit of INR535 million (US$6.7 million), reflecting a marginal Profit After Tax ratio of 3.3%. Profitability was primarily hampered by increases in raw material prices and the exchange loss on imports.